Beverage giant Diageo has released its preliminary results for the fiscal year ended June 30, 2025, with organic net sales growth of 1.7%, reaching $20.245 billion, balanced between volume and price/mix.

However, the reported operating profit plummeted 27.8% due to exceptional charges, unfavorable exchange rate effects, and restructuring adjustments, settling at $4.335 billion. Excluding one-off transactions, organic operating profit decreased by 1%.

The free cash flow rose to $2.748 billion, and the net debt remained at $21.9 billion, with leverage within the expected range. The company increased its savings target in the “Accelerate” program to $625 million.

For the next fiscal year 2026, Diageo anticipates organic sales growth similar to the previous year and a mid-single-digit increase in organic operating profit, despite tariff pressure. Key brands such as Don Julio, Guinness, and Crown Royal Blackberry continued to deliver positive results.