08:31 AM EST, 02/13/2025 (MT Newswires) -- British American Tobacco ( BTI ) said Thursday that preliminary data show adjusted earnings fell to 362.5 pence ($4.51) from 375.6 pence during the year that ended Dec. 31.

Analysts polled by FactSet expected 364.37 pence.

Adjusted EPS at constant exchange rates rose 1.7% year-over-year to 381.9 pence.

Preliminary revenue dropped by 5.2% to 25.87 billion pounds from 27.28 billion pounds.

Analysts polled by FactSet expected 26.21 billion pounds.

The preliminary reported profit from operations of 2.74 billion pounds in 2024 included a provision of 6.2 billion pounds ($7.72 billion) related to a proposed settlement in Canada, the company said.

The company, maker of Lucky Strike and Dunhill cigarettes, and some of its rivals were set to pay 32.5 billion Canadian dollars ($22.73 billion) to settle a lawsuit in Canada, but, some parties, including Philip Morris International's Canadian affiliate, have since objected to the proposal, Reuters reported Thursday.

British American Tobacco ( BTI ) "remains committed" to returning to its mid-term growth guidance of 3% to 5% in revenue and 4% to 6% in adjusted profit from operations on a constant currency in 2026, Chief Executive Tadeu Marroco said.

The company said it is committed to growing dividends in British pound sterling terms and a 900-million pound share buyback planned in 2025.

Shares of British American Tobacco ( BTI ) trading on the NYSE slumped 8% in premarket activity Thursday.