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blvk caramel tobacco - SALTNIC Categories - Page 78 -

$23.10

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blvk caramel tobacco - SALTNIC Categories - Page 78 -

For the year ended 31 December 2025 2024 m m Profit from operations 9,997 2,736 Adjusting items 1,575 9,154 Dividends received from associates and joint ventures 369 406 Adjusted profit from operations, inclusive of dividends from associates and joint ventures 11,941 12,296 Adjustments in respect of Canada1 (293) (520) Adjusted profit from operations, inclusive of dividends from associates and joint ventures and as adjusted for Canada1 11,648 11,776 Total Assets 109,290 118,899 Current Liabilities 14,524 18,743 Capital employed at balance sheet date 94,766 100,156 Average capital2 97,461 101,600 Adjusted ROCE +12.3% +12.1% Adjusted ROCE as adjusted for Canada1 +12.0% +11.6% 1

blvk caramel tobacco - SALTNIC Categories - Page 78 -

A provision of 6.2 billion was recognised in 2024

blvk caramel tobacco - SALTNIC Categories - Page 78 -

Tobacco farming in the United States represents 0.004 percent of GDP

blvk caramel tobacco - SALTNIC Categories - Page 78 -

The basic rule is that state action exists if the dispute is tort-related or if the rights arise from a state statute, but does not exist if the dispute arises from a contractual relationship or involves common-law property rights, unless a non-judicial state actor is involved or if racial discrimination is implicated. [If you want a way to make Shelley seem less weird, Carol Rose has a great explanation of why enforcing some contracts implicates the state in unconstitutional positions, e.g., that racial discrimination is acceptable

blvk caramel tobacco - SALTNIC Categories - Page 78 -

recently completely remodeled

blvk caramel tobacco - SALTNIC Categories - Page 78 -

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