British American Tobacco p.l.c. (NYSE: BTI)

British American Tobacco p.l.c. is a multinational consumer goods company that manufactures and markets tobacco and nicotine products worldwide.

The company produces cigarettes vapor heated tobacco and oral nicotine items for adult consumers.

It operates through a global supply chain and serves markets in the Americas Europe Asia Pacific Middle East and Africa.

The company generates revenue primarily from the sale of its product portfolio which includes cigarettes vapor products heated tobacco and oral nicotine goods.

Sales are made to wholesalers retailers and convenience stores that then reach adult consumers.

In 2025 the company reported total revenue of 25 point 61 billion pounds with cigarettes contributing the largest share followed by newer categories such as vapor heated tobacco and oral nicotine.

The company operates through the following segments New Categories Traditional Oral Combustibles and Other.

• New Categories includes vapour heated products and modern oral products offering smoke free nicotine alternatives to adult users.

• Traditional Oral comprises snus and snuff products that are placed in the mouth for nicotine absorption.

• Combustibles consists of cigarettes and other tobacco products that are burned to produce smoke for consumer use.

• Other covers miscellaneous revenue streams not allocated to the core product categories such as co branding arrangements.

British American Tobacco p.l.c. ranks among the leading global tobacco firms competing with Philip Morris International Japan Tobacco Imperial Brands and others.

Its competitive advantages stem from an extensive international footprint a diversified brand portfolio strong distribution capabilities and ongoing investment in reduced risk product categories.

The company leverages scale to achieve cost efficiencies and maintain market leadership across key regions.

The company sells its products to adult consumers who purchase through retail channels such as convenience stores supermarkets and tobacco specialists.

While specific customer names are not disclosed the base comprises individual smokers and nicotine users seeking a range of traditional and smoke free options.