DIAGEO PLC — Form 6-K filed 2026-02-25

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Diageo reported H1 FY26 results: net sales of $10,460m, down 4.0% (organic -2.8%); operating profit of $3,116m, down 1.2%; basic EPS of 89.7c, up 3.0%. Performance was mixed with growth in Europe, LAC, and Africa offset by weakness in North America and Chinese white spirits. The company cut its interim dividend to 20c per share and set a 50c annual floor, targeting a 30-50% payout ratio. FY26 guidance was revised to organic net sales down 2-3% and organic operating profit flat to low-single-digit growth. The sale of East African Breweries is expected to complete in H2 2026, reducing leverage.