We're a global leader in premium drinks, one of the most dynamic consumer categories.
Diageo plc publishes restated regional financial results
Diageo plc publishes restated regional financial results
This document contains selected unaudited restated historical regional financial results for Diageo for fiscal years ended 30 June 2025 and 30 June 2026. Following the changes to Diageo’s regional reporting structure, effective from fiscal 27, this restatement aligns our external reporting with our new market and regional operating framework. This document has been published in order to help the understanding of Diageo's past performance and financial position on the restated basis.
Under the new structure, Diageo will continue to report five regions, as follows:
- North America
- Europe, Middle East and Africa (EMEA), combining the former Europe and Africa regions
- Asia Pacific (APAC), excluding India and including Global Travel
- Latin America and Caribbean (LAC)
- India, reported as a standalone region
East African Breweries plc (EABL) is restated under EMEA for fiscal 25 and fiscal 26. In fiscal 27, this will be reported within Corporate, pending completion of the announced disposal.
We have also made changes to the allocation of certain global and centrally managed activities to better align results with where those businesses are managed.
- Global Travel is now reported fully within Asia Pacific, having previously been reported across North America, Europe, Asia Pacific, Latin America and Caribbean and Africa.
- A greater proportion of global and centrally managed costs, including overheads and certain supply chain costs, are now reported within Corporate rather than allocated across the regions.
These changes do not affect Diageo’s previously reported Group results, including Group reported net sales, organic net sales growth, operating profit or operating margin. They change only the allocation of results between regions and Corporate.
The tables below set out restated quarterly, half-year and full-year fiscal 25 and fiscal 26 results by region and Corporate, including reported net sales, organic net sales growth, organic volume growth, reported operating profit and organic operating profit growth.
Fiscal 26 restated results
| F26 | |||||||
|---|---|---|---|---|---|---|---|
| Reported net sales - $m | Q1 | Q2 | H1 | Q3 | Q4 | H2 | FY |
| North America | 1,830 | 1,921 | 3,752 | 1,692 | 1,725 | 3,417 | 7,169 |
| Europe, Middle East & Africa | 1,529 | 1,958 | 3,487 | 1,351 | 1,606 | 2,957 | 6,444 |
| Asia Pacific (ex. India) | 589 | 657 | 1,246 | 541 | 443 | 984 | 2,229 |
| Latin America & Caribbean | 497 | 574 | 1,071 | 498 | 517 | 1,015 | 2,086 |
| India | 354 | 397 | 750 | 331 | 337 | 668 | 1,418 |
| Corporate | 75 | 80 | 155 | 63 | 79 | 142 | 297 |
| Total | 4,875 | 5,586 | 10,460 | 4,477 | 4,707 | 9,183 | 19,643 |
| Organic net sales growth - % | |||||||
| North America | (2.7)% | (10.8)% | (7.0)% | (9.6)% | (10.7)% | (10.2)% | (8.5)% |
| Europe, Middle East & Africa | 4.9% | 5.0% | 4.9% | 10.2% | 4.7% | 7.1% | 5.9% |
| Asia Pacific (ex. India) | (14.8)% | (20.6)% | (18.0)% | (0.5)% | (5.7)% | (2.9)% | (12.0)% |
| Latin America & Caribbean | 10.9% | (1.3)% | 4.0% | 18.7% | 6.3% | 12.1% | 7.6% |
| India | 11.1% | 6.6% | 8.7% | 0.7% | 10.3% | 5.4% | 7.1% |
| Corporate | (0.4)% | (6.4)% | (3.6)% | 15.5% | (0.6)% | 5.9% | 0.7% |
| Total | (0.0)% | (5.2)% | (2.8)% | 0.3% | (2.2)% | (1.0)% | (2.0)% |
| Reported volume - mEU | |||||||
| North America | 24.0 | 21.4 | 45.5 | ||||
| Europe, Middle East & Africa | 43.1 | 36.1 | 79.2 | ||||
| Asia Pacific (ex. India) | 8.6 | 7.3 | 15.9 | ||||
| Latin America & Caribbean | 12.1 | 10.9 | 23.0 | ||||
| India | 33.6 | 29.6 | 63.3 | ||||
| Corporate | 0.1 | 0.1 | 0.3 | ||||
| Total | 121.7 | 105.4 | 227.1 | ||||
| Organic volume - % | |||||||
| North America | (2.2)% | (5.6)% | (4.0)% | (10.3)% | (9.8)% | (10.0)% | (7.0)% |
| Europe, Middle East & Africa | 3.1% | 0.9% | 1.8% | 11.2% | 7.8% | 9.3% | 5.2% |
| Asia Pacific (ex. India) | (2.1)% | (15.3)% | (9.6)% | 4.1% | (2.8)% | 0.5% | (5.2)% |
| Latin America & Caribbean | 7.5% | (8.7)% | (1.8)% | 11.3% | 5.1% | 8.1% | 2.7% |
| India | 7.3% | (3.4)% | 1.5% | (5.5)% | (1.9)% | (3.8)% | (1.1)% |
| Corporate | (74.2)% | (51.4)% | (65.5)% | 8.3% | 233.3% | 66.7% | (42.3)% |
| Total | 2.9% | (4.0)% | (1.0)% | 0.4% | 0.3% | 0.3% | (0.4)% |
| Reported operating profit - $m¹ | |||||||
| North America | 1,494 | 1,267 | 2,761 | ||||
| Europe, Middle East & Africa | 1,264 | 1,071 | 2,335 | ||||
| Asia Pacific (ex. India) | 509 | 322 | 831 | ||||
| Latin America & Caribbean | 418 | 256 | 674 | ||||
| India | 150 | 131 | 281 | ||||
| Corporate | (579) | (620) | (1,199) | ||||
| Total | 3,256 | 2,427 | 5,683 | ||||
| Organic operating profit growth - % | |||||||
| North America | (11.6)% | (10.1)% | (11.0)% | ||||
| Europe, Middle East & Africa | 12.0% | 22.9% | 16.6% | ||||
| Asia Pacific (ex. India) | (18.3)% | 11.0% | (9.0)% | ||||
| Latin America & Caribbean | 11.2% | 20.0% | 14.6% | ||||
| India | 20.0% | 10.1% | 15.0% | ||||
| Corporate | 4.1% | 13.7% | 9.4% | ||||
| Total | (2.8)% | 9.4% | 2.0% | ||||
1. Operating profit before exceptional items
Fiscal 25 restated results
| F25 | |||||||
|---|---|---|---|---|---|---|---|
| Reported net sales - $m | Q1¹ | Q2¹ | H1 | Q3 | Q4 | H2 | FY |
| North America | 4,063 | 1,885 | 1,948 | 3,834 | 7,896 | ||
| Europe, Middle East & Africa | 3,429 | 1,210 | 1,719 | 2,929 | 6,358 | ||
| Asia Pacific (ex. India) | 1,521 | 523 | 464 | 987 | 2,509 | ||
| Latin America & Caribbean | 1,012 | 358 | 413 | 771 | 1,783 | ||
| India | 724 | 347 | 338 | 685 | 1,410 | ||
| Corporate | 152 | 52 | 85 | 137 | 289 | ||
| Total | 10,901 | 4,376 | 4,967 | 9,344 | 20,245 | ||
| Organic net sales growth - % | |||||||
| North America | 2.2% | 0.3% | 1.2% | 7.0% | (2.3)% | 2.1% | 1.6% |
| Europe, Middle East & Africa | 4.6% | 2.8% | 3.5% | 3.2% | 3.5% | 3.4% | 3.5% |
| Asia Pacific (ex. India) | (14.2)% | 0.2% | (6.8)% | (2.1)% | (19.3)% | (10.8)% | (8.5)% |
| Latin America & Caribbean | 17.2% | (2.0)% | 5.4% | 27.4% | 8.9% | 17.0% | 10.2% |
| India | (0.1)% | 12.7% | 6.5% | 9.7% | 6.2% | 8.0% | 7.2% |
| Corporate | (2.7)% | (9.8)% | (6.7)% | (10.6)% | (8.3)% | (9.3)% | (7.9)% |
| Total | 1.1% | 1.4% | 1.3% | 6.3% | (1.1)% | 2.3% | 1.7% |
| Reported volume - mEU | |||||||
| North America | 25.1 | 23.9 | 49.0 | ||||
| Europe, Middle East & Africa | 42.5 | 34.8 | 77.3 | ||||
| Asia Pacific (ex. India) | 9.5 | 7.4 | 16.8 | ||||
| Latin America & Caribbean | 12.3 | 10.3 | 22.6 | ||||
| India | 33.1 | 30.8 | 63.9 | ||||
| Corporate | 0.3 | 0.2 | 0.5 | ||||
| Total | 122.8 | 107.4 | 230.1 | ||||
| Organic volume - % | |||||||
| North America | (3.0)% | 4.8% | (1.3)% | 1.6% | (0.8)% | ||
| Europe, Middle East & Africa | 0.1% | (4.2)% | (0.3)% | (2.0)% | (0.9)% | ||
| Asia Pacific (ex. India) | 1.3% | (2.8)% | (2.3)% | (2.6)% | (0.4)% | ||
| Latin America & Caribbean | (2.3)% | 19.3% | 5.2% | 11.7% | 3.5% | ||
| India | 3.4% | 6.9% | 7.2% | 7.1% | 5.1% | ||
| Corporate | (47.6)% | (74.5)% | (61.4)% | (67.6)% | (57.5)% | ||
| Total | (3.0)% | 2.4% | (0.1)% | 2.9% | 1.3% | 2.1% | 0.9% |
| Reported operating profit - $m² | |||||||
| North America | 1,716 | 1,516 | 3,231 | ||||
| Europe, Middle East & Africa | 1,088 | 835 | 1,923 | ||||
| Asia Pacific (ex. India) | 640 | 276 | 916 | ||||
| Latin America & Caribbean | 364 | 241 | 605 | ||||
| India | 135 | 134 | 269 | ||||
| Corporate | (572) | (669) | (1,240) | ||||
| Total | 3,372 | 2,332 | 5,704 | ||||
| Organic operating profit growth - % | |||||||
| North America | 0.8% | (0.5)% | 0.2% | ||||
| Europe, Middle East & Africa | 5.4% | 7.0% | 6.1% | ||||
| Asia Pacific (ex. India) | (9.4)% | (25.4)% | (15.2)% | ||||
| Latin America & Caribbean | 14.7% | 15.1% | 14.9% | ||||
| India | 16.1% | 15.1% | 15.6% | ||||
| Corporate | (21.8)% | (5.1)% | (11.9)% | ||||
| Total | (0.3)%3 | (1.2)% | (0.7)% | ||||
1. Quarterly Trading Statements initiated Q3 F25. 2. Operating Profit before exceptional items. 3. Updated to reflect F25 disposals, mainly Cîroc.
Notes: Restated regional and Corporate results reflect the reporting structure effective from fiscal 27. The changes relate to the allocation of businesses and centrally managed activities between regions and Corporate and do not change previously reported Group results. Quarterly organic growth rates are calculated on an unrounded basis. Regional reported net sales may not cast exactly due to rounding.
Enquiries
| Investor Relations: | |
| Sonya Ghobrial | +44 (0) 7392 784 784 |
| Grace Murphy | +44 (0) 7514 726 167 |
| [email protected] | |
| Media Relations: | |
| Rebecca Perry | +44 (0) 7590 809 101 |
| Clare Cavana | +44 (0) 7751 742 072 |
| Press | +44 (0) 7803 856 200 |
| [email protected] | |
About 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, J&B 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.
Crafting iconic drinks chosen for life’s moments.
Cautionary statement concerning non-GAAP financial measures
This document includes financial measures which are not presented in Diageo’s financial statements prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board and as adopted by the UK and are considered “non-GAAP financial measures” under SEC rules. An explanation of these non-GAAP measures, including organic movements, is set out in the section entitled “Definitions and reconciliation of non-GAAP measures to GAAP measures” of Diageo’s Annual Report for the year ended 30 June 2026.