dholakia tobacco pvt ltd Pvt. Dholakia Tobacco Pvt. Ltd. |

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and AME Reported profit from operations up 265% (with reported operating margin up 28.4 ppts to 39.0%), largely due to the movement in the Canadian settlement provision Adjusted profit from operations1,2,3 up 2.3%, adjusted operating margin1,2,3 at 44.0% (flat vs FY24) Reported diluted EPS up 157% to 349.1p, with adjusted diluted EPS1, 2,3 up 3.4% Confident in sustainably delivering mid-term growth algorithm, 2026 performance expected at the lower end of the range On track to reduce leverage3 to within 2.0-2.5x by end 2026, supported by continued strong cash conversion Dividend growth of 2.0% to 245.04p and a 1.3 billion share buy-back in 2026 Tadeu Marroco, Chief Executive I am pleased with our accelerating momentum through 2025, enabling full-year delivery at the top end of our guidance

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2,5,6,8,9,12 International studies examining reasons for not smoking among adolescents who themselves do not smoke found health-related concerns (such as fear of cancer or addiction, prevention of cancer, and maintaining physical fitness) to be most frequently mentioned