Announcement • Feb 20
British American Tobacco Uganda Limited, Annual General Meeting, Jul 02, 2026 British American Tobacco Uganda Limited, Annual General Meeting, Jul 02, 2026. New Risk • Dec 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). New Risk • Aug 13
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2024 fiscal period end). Revenue has declined by 12% over the past year. Upcoming Dividend • Jul 16
Upcoming dividend of USh210 per share Eligible shareholders must have bought the stock before 23 July 2025. Payment date: 30 July 2025. Trailing yield: 1.4%. Lower than top quartile of Ugandan dividend payers (12%). Lower than average of industry peers (7.1%). New Risk • Feb 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Declared Dividend • Feb 26
Dividend increased to USh210 Dividend of USh210 is 16% higher than last year. Ex-date: 23rd July 2025 Payment date: 30th July 2025 Dividend yield will be 1.4%, which is lower than the industry average of 6.0%. Payout Ratios Payout ratio: 100%. Cash payout ratio: 80%. Announcement • Feb 25
British American Tobacco Uganda Limited announces Annual dividend, payable on July 30, 2025 British American Tobacco Uganda Limited announced Annual dividend of UGX 210.0000 per share payable on July 30, 2025, ex-date on July 23, 2025 and record date on July 25, 2025. Announcement • Feb 24
British American Tobacco Uganda Limited, Annual General Meeting, Jul 03, 2025 British American Tobacco Uganda Limited, Annual General Meeting, Jul 03, 2025. Reported Earnings • Aug 18
First half 2024 earnings released: EPS: USh92.00 (vs USh77.00 in 1H 2023) First half 2024 results: EPS: USh92.00 (up from USh77.00 in 1H 2023). Revenue: USh21.8b (down 9.9% from 1H 2023). Net income: USh4.51b (up 19% from 1H 2023). Profit margin: 21% (up from 16% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Board Change • Jul 17
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Henry Rugamba was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Jul 11
Full year 2023 earnings released: EPS: USh181 (vs USh201 in FY 2022) Full year 2023 results: EPS: USh181 (down from USh201 in FY 2022). Revenue: USh44.9b (down 8.3% from FY 2022). Net income: USh8.91b (down 9.8% from FY 2022). Profit margin: 20% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Jun 19
British American Tobacco Uganda Limited, Annual General Meeting, Jul 04, 2024 British American Tobacco Uganda Limited, Annual General Meeting, Jul 04, 2024, at 10:30 E. Africa Standard Time. Location: at the sheraton hotel, rwenzori ballroom, kampala, uganda, Uganda Upcoming Dividend • Jun 04
Upcoming dividend of USh181 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 25 July 2024. Trailing yield: 1.2%. Lower than top quartile of Ugandan dividend payers (14%). Lower than average of industry peers (9.8%). New Risk • Mar 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.6% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Dec 10
New major risk - Revenue and earnings growth Earnings have declined by 0.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jun 30
Upcoming dividend of USh209 per share at 1.4% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 01 August 2023. Trailing yield: 1.4%. Lower than top quartile of Ugandan dividend payers (14%). Lower than average of industry peers (7.1%). Upcoming Dividend • Jun 14
Upcoming dividend of USh209 per share at 1.4% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 07 July 2023. Trailing yield: 1.4%. Lower than top quartile of Ugandan dividend payers (15%). Lower than average of industry peers (7.4%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman Elly Karuhanga was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 09
Upcoming dividend of USh209 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 11 July 2022. Trailing yield: 2.7%. Lower than top quartile of Ugandan dividend payers (9.8%). Lower than average of industry peers (10%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Chairman Elly Karuhanga was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorated over the past week After last week's 50% share price decline to USh15,000, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 8x in the Tobacco industry in Africa. Total loss to shareholders of 48% over the past three years. Upcoming Dividend • May 21
Upcoming dividend of USh406 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 21 June 2021. Trailing yield: 0.5%. Lower than top quartile of Ugandan dividend payers (13%). Lower than average of industry peers (5.8%). 
