GSK plc (GSK)

Name: GSK plc (GSK) annual results, Dec 2025: the 20-F figures in pounds sterling
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

GSK plc files a 20-F with the SEC once a year, in pounds sterling. In the year to 31 December 2025 it reported revenue of GBP 32,667 million, up 4.1% on the year before. Its profit attributable to shareholders was GBP 5,716 million, up 122.0%, and diluted earnings per share GBP 1.39.

Earnings per share are per ordinary share, in pounds sterling. The share that trades in the US can be a depositary share standing for more or fewer ordinary shares, so no price ratio is worked out on this page.

The public record on GSK

Planned insider sales	1 Form 144 notice in twelve months, $2.3 million; latest 20 August 2026
Options tape	put/call 0.37 by open interest on 26 September 2026; the straddle prices a 2.7% move to 2 October 2026
Holders	8 of the followed funds hold it; largest FMR LLC; 2 Schedule 13D or 13G filings in twelve months
Congress	0 House trades disclosed in six months
Short interest	14.7 million shares short, 5.51 days to cover at 15 September 2026

Profit and loss, 11 fiscal years

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021^*	Dec 2020^*	Dec 2019	Dec 2018^*	Dec 2017	Dec 2016	Dec 2015
Revenue	32,667	31,376	30,328	29,324	24,696	24,354	33,754	30,821	30,186	27,889	23,923
Cost of sales	9,017	9,048	8,565	9,554	8,163	7,929	11,863	10,241	10,342	9,290	8,853
Gross profit	23,650	22,328	21,763	19,770	16,533	16,425	21,891	20,580	19,844	18,599	15,070
Research and development	7,525	6,401	6,223	5,488	5,019	4,793	4,568	3,893	4,476	3,628	3,560
Selling, general and administrative	9,088	11,015	9,385	8,372	7,070	7,437	11,402	9,915	9,672	9,366	9,232
Operating profit	7,932	4,021	6,745	6,433	4,357	5,979	6,961	5,483	4,087	2,598	10,322
Finance costs	701	669	792	879	769	874	912	798	734	736	757
Profit before tax	7,401	3,477	6,064	5,628	3,599	5,170	6,221	4,800	3,525	1,939	10,526
Income tax	1,112	526	756	707	83.0	67.0	953	754	1,356	877	2,154
Profit for the year	6,289	2,951	5,308	15,621	5,096	6,388	5,268	4,046	2,169	1,062	8,372
Profit attributable to shareholders	5,716	2,575	4,928	14,956	4,385	5,749	4,645	3,623	1,532	912	8,422

GBP million, from each year's annual report on the SEC's EDGAR, the year linked to its filing, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated. A year marked * shows the figure as the company restated it in a later annual report (Dec 2018, Dec 2020, Dec 2021); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on.

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021^*	Dec 2020^*	Dec 2019	Dec 2018^*	Dec 2017	Dec 2016	Dec 2015
Diluted EPS	1.39	0.62	1.20	3.66	1.08	1.43	0.93	0.73	0.31	0.19	1.72
Basic EPS	1.41	0.63	1.22	3.71	1.10	1.44	0.94	0.74	0.31	0.19	1.74

GBP per ordinary share, as filed.

Cash flow

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021^*	Dec 2020^*	Dec 2019	Dec 2018^*	Dec 2017	Dec 2016	Dec 2015
Cash from operations	7,741	6,554	6,768	7,403	7,952	8,441	8,020	8,421	6,918	6,497	2,569
Purchase of property, plant and equipment	1,348	1,399	1,314	1,143	950	989	1,265	1,344	1,545	1,543	1,380
Free cash flow	6,393	5,155	5,454	6,260	7,002	7,452	6,755	7,077	5,373	4,954	1,189
Dividends paid	2,564	2,444	2,247	3,467	3,999	3,977	3,953	3,927	3,906	4,850	3,874

GBP million. Purchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines.

Balance sheet at year end

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021^*	Dec 2020^*	Dec 2019	Dec 2018^*	Dec 2017	Dec 2016	Dec 2015
Total assets	61,118	59,463	59,005	60,146	79,103	80,431	79,692	58,066	56,381	59,081	n/a
Equity attributable to shareholders	16,377	13,671	13,347	10,598	15,055	14,587	11,405	3,781	-68.0	1,124	8,878
Cash and cash equivalents	3,397	3,870	2,936	3,723	4,274	6,292	4,707	3,874	3,833	4,897	5,830
Borrowings, as filed	14,453	13,095	15,040	17,197	19,838	20,780	25,215	21,621	13,178	13,804	10,727
Lease liabilities	830	1,102	1,207	1,008	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Trade and other receivables	7,471	6,836	7,385	7,053	7,860	6,952	7,202	6,423	6,000	6,026	n/a
Inventories	5,924	5,669	5,498	5,146	5,783	5,996	5,947	5,476	5,557	5,102	n/a
Goodwill	7,018	6,982	6,811	7,046	10,552	10,597	10,562	5,789	5,734	5,965	5,162

GBP million, at each fiscal year end. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year to	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021^*	Dec 2020^*	Dec 2019	Dec 2018^*	Dec 2017	Dec 2016	Dec 2015
Gross margin	72.4%	71.2%	71.8%	67.4%	66.9%	67.4%	64.9%	66.8%	65.7%	66.7%	63.0%
Operating margin	24.3%	12.8%	22.2%	21.9%	17.6%	24.6%	20.6%	17.8%	13.5%	9.3%	43.1%
Net margin	17.5%	8.2%	16.2%	51.0%	17.8%	23.6%	13.8%	11.8%	5.1%	3.3%	35.2%
Free cash flow margin	19.6%	16.4%	18.0%	21.3%	28.4%	30.6%	20.0%	23.0%	17.8%	17.8%	5.0%
Return on year-end equity	34.9%	18.8%	36.9%	141.1%	29.1%	39.4%	40.7%	95.8%	n/a	81.1%	94.9%
Effective tax rate	15.0%	15.1%	12.5%	12.6%	2.3%	1.3%	15.3%	15.7%	38.5%	45.2%	20.5%

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Annual reports on EDGAR

Form	Year to	Filed
20-F	31 December 2025	6 March 2026	EDGAR
20-F	31 December 2024	3 March 2025	EDGAR
20-F	31 December 2023	5 March 2024	EDGAR
20-F/A	31 December 2022	17 April 2023	EDGAR
20-F	31 December 2022	10 March 2023	EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install