These farmers will look at the market opportunities year to year. Still, the U.S
What happens if too much water is applied to the tobacco crop
At the end, when I realized I had an album and not just a collection of songs, I wanted to do a couple things different
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During his tenure in BAT Malaysia from Dec 9, 2019 to Oct 31 this year, Ballester played a key role in developing the business through a challenging period, providing valuable commercial leadership and contributing to the strategy that significantly improved the companys financial results across all key metrics

For year ended 31 December 2025 Volume Revenue Reported Reported Current Exchange Constant Unit vs 2024 m vs 2024 m m vs 2024 New Categories 1,251 +16.1 % 39 1,290 +19.8 % Vapour (units mn) 262 -8.8 % 934 -6.4 % 29 963 -3.4 % HP (sticks bn) % % % Modern Oral (pouches bn) 3.5 +249 % 317 +297 % 10 327 +310 % Traditional Oral (stick eq bn) 4.8 -8.9 % 1,006 -5.0 % 31 1,037 -2.0 % Total Smokeless 2,257 +5.6 % 70 2,327 +9.0 % Total Combustibles (bn sticks) 44 -7.7 % 9,218 +1.4 % 295 9,513 +4.6 % Other 59 +23.2 % 4 63 +27.5 % Total 11,534 +2.3 % 369 11,903 +5.5 % Constant currency measures are calculated based upon a re-translation, at the prior year's exchange rates, of the current year's results of the Group and, where applicable, its segments