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BAT Uganda Profit Falls to UGX 9.8b Amid Surge in Illicit Cigarette Trade ATU’s 2025 earnings decline 5.3% as illicit cigarettes capture 48% of Uganda’s market, squeezing sales volumes and margins.

BAT Uganda Managing Director, Arthur-Bagenze

British American Tobacco Uganda’s (BATU) net profit declined by 5.3% to UGX 9.76 billion for the year ended December 31, 2025, down from UGX 10.31 billion in 2024, as falling cigarette sales and a sharp rise in illicit trade weighed on performance. Audited results show profit before tax dropped by 18% to UGX 12.4 billion from UGX 15.1 billion, while gross revenue declined by 18% to UGX 67.0 billion from UGX 82.1 billion, and net revenue fell by 20% to UGX 36.3 billion from UGX 45.4 billion, reflecting significant pressure on sales volumes. Illicit trade reshapes market At the center…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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