Imperial Brands Plc says it will launch a £1.5 billion share buyback in the next fiscal year, targeting fiscal 2027. The move follows a period of weaker share performance, and the company says it reflects confidence in its future results and ongoing cost-cutting efforts.
Outlets also report the company’s accompanying financial outlook. Imperial Brands expects adjusted operating profit to grow by 3% to 5% in fiscal 2026 and forecasts free cash flow of more than £2.2 billion for the same period. One report notes the announcement lifts the company’s shares to near a two-month high. Another frames the buyback as part of a broader capital-return plan rather than a standalone event.
Overall, sources align on the size and timing of the proposed buyback and the company’s stated rationale, while differing mainly in how they contextualize market reaction and the emphasis placed on performance confidence versus the share-price backdrop.
