We're a global leader in premium drinks, one of the most dynamic consumer categories.
Today, Diageo has reported its Preliminary Results for the year ended 30 June 2026 with growth in Europe, LAC and Africa offset by weakness in North America and Asia Pacific.
Our performance
- 2 %
-2%
Organic net sales movement
+ 2 %
+2%
Organic operating profit before exceptionals
165.3 c
165.3c
Basic Earnings per share before exceptionals
"We are pleased with our progress in LAC, Europe and Africa. We are focused on recovering our competitiveness in NAM and we are working through the consequences of Government policy in Chinese white spirits.
The three priorities set out at the half year: i) Relevant brands in competitive category strategies ii) Customer, Customer, Customer and iii) A more agile and competitive operating framework, are serving us well and lay the foundation for the Capital Markets Day today.
The revised operating framework is being rolled out across Diageo and the changes are significant. In 2026 this change incurs a cost of $0.8 billion (c.70% of the total cost of the two year programme) with savings realised over 2 years starting in fiscal 27. These savings will allow us to invest in the turnaround without needing to reduce operating profit.1
As we close out the year I would like to put on record our appreciation for all Diageo colleagues and the way they have engaged with this change programme."
Sir Dave Lewis
Chief Executive Officer
Fiscal 26 Preliminary Results Webcast
Hear from Sir Dave Lewis, Chief Executive Officer and Nik Jhangiani, Chief Financial Officer, who share detail on our Fiscal 26 Preliminary Results.
F26 full year key performance metrics
Organic net sales growth in three of five regions
Guinness, Smirnoff RTD and Johnnie Walker standout performers
Organic operating profit growth mainly due to cost savings partly offset by adverse mix and tariffs
Free cash flow supported by lower capex and maturing stock
Full year recommended dividend of 50 cents, moved to dividend payout policy 30-50%, minimum floor 50 cents p.a.
1 Excluding year-on-year decline Chinese white spirits (CWS)
For additional information on non-GAAP measures please see financial/legal appendix
View our results presentation
For additional information on non-GAAP measures please see financial/legal appendix
-2%
Organic net sales
Excluding CWS c.0.5%1
+2%
Organic operating profit
Excluding CWS c.4.51
165.3cents
Pre-exceptional EPS
$3,211m
Free cash flow
Fiscal 26 Preliminary Results organic net sales growth by region
Select the regions you want to explore
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Region
Organic growth by region
| North America | Europe | Asia Pacific | Latin America and Caribbean | Africa | Corporate | Diageo | |
Volume % |
(6.7) |
- |
(2.4) |
3.1 |
14.0 |
- |
(0.4) |
Net sales % |
(8.4) |
3.4 |
(6.3) |
7.7 |
13.3 |
14.3 |
(2.0) |
Marketing % |
(13.6) |
(17.2) |
(16.3) |
0.3 |
(1.2) |
4.5 |
(13.1) |
Operating profit before exceptional items % |
(10.0) |
15.7 |
(5.4) |
15.8 |
43.5 |
19.1 |
2.0 |
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Diageo
Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits and beer categories. These brands include Johnnie Walker, Crown Royal, JεB and Buchanan's whiskies, Smirnoff and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.
Diageo is a global company, and our products are sold in nearly 180 countries around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO). For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com. Visit Diageo's global responsible drinking resource, www.DRINKiQ.com for information, initiatives, and ways to share best practice.