Haleon (HLN) financial statements

Healthcare · Drug Manufacturers - Specialty & Generic · Market cap $42.1B

Haleon reported revenue of 11.0B GBP in fiscal 2025, up 2.2% a year over 5 years.

Net income was 1.7B GBP and the operating margin 21.9%, against 16.2% in 2020.

Free cash flow was 2.2B GBP, and the company returned 612M GBP in dividends and 151M GBP in net buybacks.

Revenue and free cash flow

Fiscal years, $ billions (GBP).

051015202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in GBP, from Haleon's 10-K filings with the SEC.

Fiscal year202020212022202320242025
Revenue9.9B GBP9.5B GBP10.9B GBP11.3B GBP11.2B GBP11.0B GBP
Cost of revenue4.0B GBP3.6B GBP4.3B GBP4.6B GBP4.4B GBP4.0B GBP
Gross profit5.9B GBP6.0B GBP6.6B GBP6.7B GBP6.8B GBP7.1B GBP
Research and development304M GBP257M GBP300M GBP311M GBP298M GBP316M GBP
Selling, general and admin4.2B GBP4.1B GBP4.5B GBP4.4B GBP4.5B GBP4.4B GBP
Operating income1.6B GBP1.6B GBP1.8B GBP2.0B GBP2.2B GBP2.4B GBP
Interest expense27M GBP19M GBP258M GBP402M GBP384M GBP340M GBP
Pre-tax income1.6B GBP1.6B GBP1.6B GBP1.6B GBP1.9B GBP2.2B GBP
Income tax410M GBP197M GBP499M GBP517M GBP435M GBP472M GBP
Net income1.1B GBP1.4B GBP1.1B GBP1.0B GBP1.4B GBP1.7B GBP
EPS (diluted)0.12 GBP0.15 GBP0.12 GBP0.11 GBP0.16 GBP0.18 GBP
Diluted shares9.23B9.23B9.24B9.26B9.18B9.03B
Gross margin59.7%62.3%60.6%59.7%60.7%64.2%
Operating margin16.2%17.2%16.8%17.7%19.6%21.9%
Net margin11.6%14.6%9.8%9.3%12.8%15.1%

Balance sheet

Fiscal years, in GBP, from Haleon's 10-K filings with the SEC.

Fiscal year202020212022202320242025
Cash and short-term investments333M GBP414M GBP684M GBP1.0B GBP2.2B GBP1.3B GBP
Receivables—2.2B GBP1.9B GBP1.9B GBP2.1B GBP2.1B GBP
Inventory—951M GBP1.3B GBP1.4B GBP1.2B GBP1.0B GBP
Total current assets—5.3B GBP4.1B GBP4.8B GBP5.7B GBP4.5B GBP
Property, plant and equipment—1.6B GBP1.8B GBP1.8B GBP1.8B GBP1.9B GBP
Goodwill—8.2B GBP8.4B GBP8.3B GBP8.2B GBP8.1B GBP
Total assets—34.5B GBP34.8B GBP34.1B GBP34.3B GBP32.6B GBP
Total current liabilities—4.2B GBP4.4B GBP4.6B GBP5.8B GBP4.9B GBP
Long-term debt—87M GBP10.0B GBP8.8B GBP8.6B GBP7.8B GBP
Total liabilities—8.0B GBP18.4B GBP17.3B GBP18.1B GBP16.1B GBP
Shareholders' equity26.2B GBP26.4B GBP16.3B GBP16.6B GBP16.2B GBP16.4B GBP
Net debt-333M GBP-248M GBP9.8B GBP8.4B GBP7.9B GBP7.3B GBP

Cash flow

Fiscal years, in GBP, from Haleon's 10-K filings with the SEC.

Fiscal year202020212022202320242025
Operating cash flow1.4B GBP1.4B GBP2.1B GBP2.1B GBP2.3B GBP2.6B GBP
Capital spending318M GBP298M GBP328M GBP336M GBP318M GBP413M GBP
Free cash flow1.1B GBP1.1B GBP1.7B GBP1.8B GBP2.0B GBP2.2B GBP
Stock-based compensation——15M GBP76M GBP102M GBP86M GBP
Dividends paid2.4B GBP1.1B GBP2.7B GBP388M GBP570M GBP612M GBP
Share buybacks (net)———-38M GBP-116M GBP-151M GBP
Net borrowing-10M GBP8M GBP9.5B GBP-553M GBP652M GBP-1.3B GBP
Free cash flow margin11.0%11.1%16.0%15.6%17.7%20.1%
Dividends per share0.26 GBP0.12 GBP0.29 GBP0.04 GBP0.06 GBP0.07 GBP
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Questions

What was Haleon's revenue in 2025?

11.0B GBP in fiscal 2025, from its 10-K filing.

How much free cash flow does Haleon generate?

2.2B GBP in fiscal 2025 (operating cash flow minus capital spending).

From Haleon's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.