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Diageo
(LSE:DGE)
Diageo (DGE) vs. iShares MSCI United Kingdom ETF (EWC)
Diageo Business Overview & Revenue Model
Diageo Earnings Call Summary
Diageo Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.33B | 20.25B | 20.27B | 20.55B | 15.45B | 12.73B |
| Gross Profit | 12.22B | 12.17B | 12.20B | 12.27B | 9.48B | 7.70B |
| EBITDA | 4.93B | 6.36B | 7.24B | 8.06B | 4.93B | 4.28B |
| Net Income | 2.36B | 2.35B | 3.87B | 4.45B | 3.94B | 2.66B |
Balance Sheet | ||||||
| Total Assets | 49.32B | 49.32B | 45.47B | 44.88B | 36.52B | 31.95B |
| Cash, Cash Equivalents and Short-Term Investments | 2.65B | 2.65B | 1.13B | 1.81B | 2.54B | 2.87B |
| Total Debt | 24.40B | 24.40B | 21.50B | 20.79B | 16.02B | 14.73B |
| Total Liabilities | 36.14B | 36.14B | 33.40B | 33.17B | 27.00B | 23.52B |
| Stockholders Equity | 11.09B | 11.09B | 10.03B | 9.86B | 7.80B | 6.90B |
Cash Flow | ||||||
| Free Cash Flow | 2.69B | 2.69B | 4.55B | 4.33B | 2.84B | 3.03B |
| Operating Cash Flow | 4.30B | 4.30B | 6.07B | 5.74B | 3.94B | 3.65B |
| Investing Cash Flow | -1.72B | -1.72B | -1.59B | -1.43B | -1.34B | -1.09B |
| Financing Cash Flow | -1.49B | -1.49B | -3.11B | -3.04B | -3.26B | -2.79B |
Diageo Technical Analysis
Diageo Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £14.05B | 18.34 | 28.56% | 1.95% | 6.00% | 42.42% | |
78 Outperform | £2.73B | 18.47 | 15.07% | 1.49% | 6.96% | 28.47% | |
71 Outperform | £92.04B | 30.47 | 6.03% | 5.64% | -2.24% | ― | |
70 Outperform | £720.89M | 14.80 | 15.73% | 2.13% | 3.97% | 34.09% | |
68 Neutral | £37.32B | 20.50 | 22.29% | 4.73% | -2.83% | -40.42% | |
65 Neutral | £1.68B | 49.47 | 2.48% | 3.54% | 26.84% | -81.73% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
Diageo Corporate Events
Diageo has announced the Sterling equivalent of its final dividend at 47.91 pence per ordinary share, following shareholder approval. This conversion was based on the exchange rate achieved through forward contracts for Sterling currency, with the dividend payment scheduled for 4 December 2025. This announcement reflects Diageo’s financial strategies and currency management, potentially impacting shareholder returns and market perception.
Diageo announced transactions related to its 2001 Share Incentive Plan, where partnership shares were purchased, and matching shares were awarded to key executives, including the Interim CEO and members of the Executive Committee. This move, compliant with the UK Market Abuse Regulation, reflects Diageo’s commitment to aligning management interests with shareholder value, potentially impacting its market positioning and stakeholder confidence.
Diageo announced that Sir John Manzoni, the Chair of the company, purchased shares under an arrangement with the company. This transaction, conducted on the London Stock Exchange, reflects the company’s adherence to UK Market Abuse Regulation and may indicate confidence in the company’s future performance.
Diageo has appointed Sir Dave Lewis as its new CEO, effective January 1, 2026. With a strong background in leading global consumer businesses, Lewis is expected to guide Diageo through market challenges and opportunities, enhancing shareholder value. His previous leadership roles at Tesco and Unilever, along with his current positions at Haleon and PepsiCo, underscore his capability to drive growth and strategic development for Diageo.
At its Annual General Meeting on November 6, 2025, Diageo PLC successfully passed all resolutions outlined in the meeting notice. Key outcomes included the approval of the directors’ remuneration report, the declaration of a final dividend, and the re-appointment of several directors. The adoption of the Diageo 2025 Share Value Plan and the authority to purchase own ordinary shares were also approved, indicating a strategic focus on shareholder value and corporate governance. These decisions are likely to reinforce Diageo’s market position and influence stakeholder confidence.
Diageo reported flat organic net sales growth for the first quarter of fiscal 2026, with a 2.9% increase in volume offset by a negative price/mix impact of 2.8%. The company faced challenges in the Chinese white spirits market and a softer US consumer environment, which affected overall performance. Despite these challenges, Diageo is advancing its Accelerate programme aimed at creating a more agile operating model, with cost savings of approximately $625 million expected over the next three years. The company remains committed to delivering around $3 billion in free cash flow for fiscal 2026 and plans to return to its target leverage ratio by fiscal 2028. Diageo is focusing on driving efficiencies and adapting to changing consumer environments to enhance its market positioning.
Diageo plc has announced its total voting rights and capital structure as of October 31, 2025. The company reported 2,432,425,480 issued Ordinary Shares, with 206,023,016 held in Treasury, resulting in 2,226,402,464 voting rights. This information is crucial for shareholders to determine their interest in the company under the FCA’s Disclosure Guidelines and Transparency Rules.
Diageo plc announced transactions related to its 2001 Share Incentive Plan, involving the purchase of partnership shares and the award of matching shares. This move, disclosed in compliance with the UK Market Abuse Regulation, involves several key executives and reflects Diageo’s commitment to aligning employee incentives with company performance, potentially impacting stakeholder confidence and market perception.
Diageo plc announced that Sir John Manzoni, the Chair of the company, purchased 358 ordinary shares at £18.33 each on the London Stock Exchange. This transaction, disclosed in accordance with UK Market Abuse Regulation, highlights the confidence of the company’s leadership in its market position and future prospects.
Diageo Finance plc has announced the issuance of EUR 1 billion in fixed-rate instruments under its European Debt Issuance Programme, guaranteed by Diageo plc. This issuance, consisting of two tranches due in 2032 and 2037, reflects Diageo’s strategic financial management and may impact its market positioning by potentially enhancing liquidity and financial flexibility.
Diageo plc has announced its total voting rights and capital structure as of September 30, 2025. The company reported an issued capital of 2,432,425,480 Ordinary Shares, with 206,037,878 shares held in Treasury, resulting in 2,226,387,602 voting rights available for shareholder calculations under regulatory guidelines.
Diageo has successfully priced €1 billion in fixed rate euro-denominated bonds as part of its European Debt Issuance Programme. The issuance, divided into two series of €500 million bonds, is aimed at general corporate purposes and involves major financial institutions as lead managers. This strategic move is likely to enhance Diageo’s financial flexibility and solidify its market position, while adhering to relevant regulatory frameworks.
Diageo has announced the availability of the Notice of its 2025 Annual General Meeting (AGM), scheduled for November 6, 2025, in London. The AGM will be conducted as a hybrid event, allowing both physical and electronic participation, which reflects Diageo’s commitment to accessibility and shareholder engagement.
Diageo has announced the appointment of John Rishton as a Non-Executive Director, effective November 1, 2025. Rishton brings over 40 years of business experience, having held executive roles in major companies like Rolls Royce and British Airways. His extensive background in consumer and retail businesses is expected to contribute to Diageo’s strategy for sustainable growth and enhanced shareholder returns.
Diageo plc announced transactions related to its 2001 Share Incentive Plan, involving the purchase of partnership shares and the awarding of matching shares to key executives. These transactions, conducted on the London Stock Exchange and outside trading venues, reflect Diageo’s ongoing commitment to incentivize its leadership team, potentially impacting the company’s operational dynamics and stakeholder interests.
Diageo plc announced that Sir John Manzoni, the company’s Chair, has purchased shares under an arrangement with the company. This transaction, disclosed in compliance with UK Market Abuse Regulation, reflects a strategic move that could influence investor confidence and market perception of Diageo’s leadership stability.
Diageo has announced the granting of various share awards to its directors and key managerial personnel under the Diageo 2023 Long Term Incentive Plan and the Diageo Exceptional Stock Award Plan. These awards, which include options and restricted stock units, are subject to performance conditions and are part of the company’s strategy to align the interests of its leadership with long-term shareholder value. This move is expected to strengthen Diageo’s market position by incentivizing its leadership to drive performance and growth, potentially impacting stakeholders positively by enhancing the company’s operational focus and strategic execution.
Diageo plc has announced the award of Freeshares under its 2001 Share Incentive Plan to several key executives, including the Interim Chief Executive and members of the Executive Committee. This move, disclosed in compliance with the UK Market Abuse Regulation, reflects Diageo’s commitment to aligning the interests of its leadership with those of its shareholders, potentially impacting the company’s governance and stakeholder relations.
Diageo PLC announced a conditional award of Restricted Stock Units to Nik Jhangiani, the Interim Chief Executive, under the Diageo Deferred Bonus Share Plan. This award, which is part of Jhangiani’s Annual Incentive Plan for fiscal 2025, will vest on June 30, 2028, reflecting Diageo’s commitment to aligning executive incentives with long-term company performance.