Reckitt reported full-year net revenue of £14.2bn, reflecting underlying revenue growth of 5%. All regions were in growth territory except Europe, down 1%.
Underlying operating profit also rose 5% to £3.5bn, ignoring exchange rates, as fixed cost reductions helped to offset the impact of tariffs.
Free cash flow fell by 23% to £1.7bn, largely due to higher restructuring costs. Net debt fell from £7.9bn to £6.6bn, helped by disposal proceeds of the Essential Home business, which have since been returned to shareholders.
In 2026, underlying net revenue growth in its core business is expected to be in line with its medium-term target range of 4-5%.
A final dividend of 127.8p per share was announced, bringing the full-year total to 212.2p, up 5%. £0.9bn of share buybacks were completed in the period.
The shares fell 3.7% in early trading.
Our view
HL view to follow.
Reckitt key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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