Imperial Brands PLC on Tuesday announced a new share buyback program of 1.45 billion British Pounds for its 2026 fiscal year, citing confidence in its operational performance.
The new buyback, combined with its dividend, is expected to bring total capital returns to shareholders to more than 2.7 billion British Pounds in the coming fiscal year, the company said.
The tobacco giant also stated it is on track to meet its full-year guidance for fiscal 2025, with growth in both its traditional tobacco and next-generation products.
Imperial Brands expects low single-digit net revenue growth for the year, supported by strong pricing in combustibles and double-digit growth in its newer products.
The company anticipates market share gains in the U.S., Germany, and Australia will broadly offset declines in Spain and the U.K.
According to the company, its performance provides a strong foundation as it looks ahead to the next phase of its strategy to 2030.
As part of its strategy, Imperial Brands has started a consultation on the future of its factory in Langenhagen, Germany, which could result in a sale or closure of the site.