Imperial Brands PLC

IMB: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Imperial Brands Earnings: Shares Look Undervalued as Second Half of the Year Should Improve

Kristoffer Inton

May 12, 2026

Imperial Brands reported 1.8% net revenue growth and 1.3% adjusted operating profit growth for tobacco and next-generation products at constant currency in its first-half fiscal 2026. It maintained full-year guidance of low-single-digit revenue growth and 3%-5% AOP growth.

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Imperial Brands PLC

Imperial Brands Earnings: Shares Look Undervalued as Second Half of the Year Should Improve

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