Company summary
Imperial Brands is a global tobacco and nicotine company selling cigarettes, fine-cut tobacco and a growing portfolio of smoke-free products including vaping, heated tobacco and oral nicotine.
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IMB
Imperial Brands
Tobacco
- Index
- FTSE 100
- ISIN
- Not specified
- Book status
- 2026 edition — current
Key activities
Manufacture and marketing of tobacco products, vaping products, heated tobacco and oral nicotine, supported by global distribution, brand investment and product development.
Key markets
Major tobacco markets include the United States, Germany, the UK, Spain and Australia, alongside selected growth markets and expanding smoke-free categories.
Key drivers
Tobacco pricing, cigarette volumes, smoke-free product growth, US performance, cost savings, cash generation, buybacks and successful execution of the group's 2030 strategy.
Key risks
Declining smoking volumes, regulation and taxation, litigation, illicit trade, restrictions on alternative nicotine products, foreign exchange and failure to grow smoke-free categories fast enough.
Recent Developments
12 May 2026: first-half tobacco and next-generation-product net revenue rose 1.8% and adjusted EPS increased 5.3%. On 27 May Imperial acquired Black Buffalo, expanding its position in the growing US oral-nicotine market.
Dividend notes
Pays quarterly. The 2026 interim dividend totals 83.36p, split into two 41.68p instalments. The first was paid on 30 June; the second goes ex-dividend on 20 August and is payable on 30 September.
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