GUI Balance Sheet - Diageo PLC

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Price: 19.22 EUR 0.92% Market Closed

Market Cap: €66.5B

D	Diageo PLC XMUN:GUI	UK

Financial profile · FY2026

A global beverage portfolio with durable cash generation and a recent earnings reset

Diageo’s history shows a broad beverage portfolio with revenue that expanded through 2022 before flattening, while operating margins and earnings have since compressed. It still generates recurring operating cash flow above capital spending, making cash conversion more resilient than reported profitability.

What is developing

The June 30, 2026 results show a meaningful earnings reset rather than a wholesale change in cash economics: reported operating profit and net income fell sharply, while free cash flow improved as capital spending declined. The distinction matters because restructuring and impairment charges explain much of the reported profit pressure, whereas cash generation remained positive.

What matters next

Whether reported operating profit recovers as restructuring charges subside without renewed revenue and price/mix deterioration.

Metric	FY2017 Jun 2017	FY2018 Jun 2018	FY2019 Jun 2019	FY2020 Jun 2020	FY2021 Jun 2021	FY2022 Jun 2022	FY2023 Jun 2023	FY2024 Jun 2024	FY2025 Jun 2025	FY2026 Jun 2026
Cash & Cash Equivalents	1.2B	874m	932m	3.3B	2.7B	2.3B	1.4B	1.1B	2.2B	1.5B
Cash Equivalents	1.2B	874m	932m	3.3B	2.7B	2.3B	1.4B	1.1B	2.2B	1.5B
Short-Term Investments	24m	25m	124m	73m	59.1m	184.1m	437m	355m	447m	497m
Total Receivables	2.4B	2.6B	2.6B	2.1B	3.1B	3.8B	3.4B	3.5B	3.7B	3.5B
Accounts Receivables	2.2B	2.2B	2.2B	1.5B	2.4B	2.9B	2.6B	2.7B	2.8B	3.3B
Other Receivables	263m	414m	381m	621m	699.4m	832.5m	839m	771m	879m	244m
Inventory	4.8B	5B	5.5B	5.8B	7.8B	9.6B	9.7B	9.7B	10.7B	10.5B
Other Current Assets	216m	191m	270m	159m	289.3m	848.7m	288m	404m	467m	1.1B
Total Current Assets	8.7B	8.7B	9.4B	11.5B	14.7B	17.5B	15.6B	15.1B	17.5B	17.2B
PP&E Net	4B	4.1B	4.5B	5B	6.3B	8B	7.9B	8.7B	9.7B	9.2B
PP&E Gross	4B	4.1B	4.5B	5B	6.3B	8B	7.9B	8.7B	9.7B	—
Accumulated Depreciation	(2.5B)	(2.7B)	(3B)	(3.3B)	(4.3B)	(4.9B)	(4.3B)	(4.5B)	(5.1B)	—
Intangible Assets	9.8B	9.9B	9.9B	9.4B	11.3B	13B	11.7B	12B	11.8B	13.4B
Goodwill	2.7B	2.7B	2.7B	1.9B	2.5B	3.1B	2.8B	2.9B	2.9B	—
Note Receivable	66m	73m	62m	51m	59.1m	62.3m	78m	101m	50m	64m
Long-Term Investments	2.9B	3B	3.2B	3.6B	4.3B	5B	5.4B	5.4B	5.8B	5.8B
Other Long-Term Assets	654m	1.2B	1.6B	1.9B	1.8B	2.7B	1.4B	1.3B	1.5B	1.2B
Other Assets	2.7B	2.7B	2.7B	1.9B	2.5B	3.1B	2.8B	2.9B	2.9B	—
Total Assets	28.8B	29.7B	31.3B	33.3B	41.1B	49.4B	44.9B	45.5B	49.3B	46.8B
Accounts Payable	1.4B	1.5B	1.7B	1.3B	2.6B	3.7B	10B	3.1B	3.1B	6.4B
Accrued Liabilities	1.7B	1.9B	1.9B	1.8B	2.5B	3.3B	2.6B	2.6B	3B	—
Short-Term Debt	274m	279m	860m	170m	144m	100.2m	295m	500m	22m	—
Current Portion of Long-Term Debt	2.2B	1.6B	1.1B	1.9B	2.4B	2.1B	1.9B	2.5B	3B	2.4B
Other Current Liabilities	1.1B	1.1B	1.4B	1.2B	1.6B	2.2B	1.4B	1.2B	1.6B	1.9B
Deferred Revenue	37.8m	48.9m	71.1m	98m	99.6m	109.6m	92m	84m	82m	—
Total Current Liabilities	6.7B	6.4B	7B	6.5B	9.2B	11.4B	9.6B	9.9B	10.7B	10.7B
Long-Term Debt	6.7B	8.2B	10.7B	15.2B	16.9B	20.2B	19.1B	19.1B	21.4B	19.1B
Deferred Income Tax	2.1B	2B	2B	2B	2.5B	3.1B	2.8B	2.9B	2.9B	2.5B
Minority Interest	1.7B	1.8B	1.8B	1.7B	2B	2.3B	1.9B	2B	2.1B	2.1B
Other Liabilities	1.3B	1.5B	1.4B	1.2B	1.7B	1.8B	1.7B	1.5B	1.1B	1.6B
Total Liabilities	18.5B	19.8B	22.9B	26.5B	32.2B	38.9B	35B	35.4B	38.2B	36B
Common Stock	797m	780m	753m	742m	952.7m	978.7m	898m	887m	887m	887m
Retained Earnings	10.8B	11B	9.1B	7.5B	10.6B	11.7B	10.7B	13.9B	14.4B	8.3B
Additional Paid In Capital	1.3B	1.3B	1.4B	1.4B	1.7B	1.8B	1.7B	1.7B	1.7B	1.7B
Treasury Stock	(2.2B)	(2.1B)	(2B)	(1.9B)	(2.4B)	(2.5B)	(1.8B)	(2.3B)	(2.2B)	—
Other Equity	(453m)	(1B)	(818m)	(929m)	(2B)	(1.4B)	(3.4B)	(4.2B)	(3.6B)	—
Total Equity	10.3B	9.9B	8.4B	6.8B	8.9B	10.6B	9.9B	10B	11.1B	10.9B
Total Liabilities & Equity	28.8B	29.7B	31.3B	33.3B	41.1B	49.4B	44.9B	45.5B	49.3B	46.8B
Common Shares Outstanding	2.5B	2.5B	2.4B	2.3B	2.3B	2.3B	2.2B	2.2B	2.2B	2.2B