Tesco Plc have announced an interim dividend set at 5.05 pence per ordinary share, in line with Tesco's policy of setting the interim dividend at 35% of the prior full year dividend.
The interim dividend will be paid on 20 November 2026 to shareholders who are on the register of members at close of business on 16 October 2026 (the Record Date).
Other Highlights Include:
- Customer satisfaction at an all-time high; Group sales up +1.6% at constant rates including +2.1% in the UK
- Group like-for-like2 sales up +1.0%, with UK +1.5% (inc. Food +2.4%), ROI +4.1%, CE +0.4%, and Booker (2.6)%
- Group adjusted operating profit up +6.3% at constant rates to £1,783m reflecting:
- UK and ROI up +6.0% to £1,557m, with improved sales mix, strong Save to Invest delivery and growth in newer income streams (including Tesco Media & Whoosh), offsetting investment into the customer offer and operating cost inflation
- Booker up +0.1% to £163m, with better buying and Save to Invest offsetting lower sales
- Central Europe up +38.4% to £63m, benefiting from volume growth supported by investment in value and strong Save to Invest delivery
- Adjusted diluted EPS grew +12.2% to 17.3p, driven by higher Group adjusted operating profit and the benefit of our ongoing share buyback programme
- Free cash flow of £1,570m, reflecting a similarly strong performance to H1 last year plus a c.£250m net benefit, primarily relating to the timing of our payroll cycle which unwinds in the second half
- Statutory operating profit of £1,709m, up +6.6% at actual exchange rates; statutory diluted EPS up +17.4%, growing ahead of Adjusted diluted EPS due to favourable movements in the mark-to-market of certain financial instruments
- Net debt reduced 5.0% versus FY 25/26 to £(10,037)m; Net debt/EBITDA ratio strong at 2.0x
- Current year share buyback increased to £950m from £750m reflecting strong balance sheet & sustained strong cash flow
