Filing Flows › Diageo (DEO) › H2 FY25
Diageo (DEO) H2 FY25 earnings results (H2 FY25)
20-F filed Aug 14, 2025
Diageo (DEO) reported revenue of $12.8B for the H2 FY25 (H2 FY25) and -16% from the quarter before. Operating margin was 9.2%, net earnings $419M (3.3% of revenue).
Diageo, H2 FY25: revenue $12.8B, operating margin 9.2%, net earnings $419M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| H2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.8B | -16% | — |
| Gross profit | $5.4B | -19% | — |
| Operating profit | $1.2B | -63% | — |
| Net earnings | $419M | -78% | — |
| Operating cash flow | $1.1B | -66% | — |
What changed
Revenue was $12.8B in H2 FY25, down 16% from the previous half.
Gross margin was 42.5%. Operating profit was $1.2B, a 9.2% margin. Net earnings were $0.42B. The effective tax rate was 39.3%.
Operating cash flow was $1.1B, 234% of net income including minority interests. Working capital and other items added $0.62B.
Questions
What was Diageo's revenue in the H2 FY25?
Diageo (DEO) reported revenue of $12.8B for the H2 FY25 (H2 FY25) and -16% from the quarter before.
Was Diageo profitable in the H2 FY25?
Operating profit was $1.2B (9.2% of revenue) and net earnings $419M.
Source: Diageo 20-F on SEC EDGAR.