The Accounts daily brief — 12 June 2026

The Accounts · daily brief

A $7.4bn exit dividend, and Waitrose margins slip

  • Director pay at SriLankan Airlines rose 18 percent alongside a 10 percent revenue slide
  • Thai Airways swung from a heavy loss to a 22.5bn THB net profit on flat turnover
  • Unmatched reporting periods distort the headline comparisons at John Lewis plc

Hiring

Cutting

Average headcount from the accounts filed yesterday — a look back at last year's payroll, not a live hiring tracker.

Walgreens Boots Alliance Uk 4 Limited

11521855 · Parent-only

Filed on a break-up (non-going-concern) basis.

Line FY25 FY24 YoY
Profit & loss
Turnover USD 318.8m USD 114.2m ▲ +179%
Gross profit USD 318.8m USD 114.2m ▲ +179%
Operating profit USD 318.8m USD 114.2m ▲ +179%
Finance costs USD 93,000
Profit before tax USD 779.2m USD 114.1m ▲ +583%
Net profit USD 779.1m USD 114.1m ▲ +583%
Cash & balance sheet
Net assets USD 8.8m USD 6.7bn ▼ −100%
Dividends paid USD 7.5bn USD 244.5m ▲ +2952%
People & pay
Avg. headcount 0 0
Staff cost USD 0 USD 0
Director pay USD 0 USD 0

Filed on a break-up basis ahead of a voluntary strike-off, this filing details a final restructuring. The holding company distributed a $7.4bn dividend during the period. That distribution significantly reduced the balance sheet, bringing net assets down from $6.6bn to just $8.8m before the entity is finally wound up.

Srilankan Airlines Limited [1]

00218128 · Group

Board pay rise

Line FY25 FY24 YoY
Profit & loss
Turnover LKR 303.1bn LKR 339.6bn ▼ −11%
Gross profit LKR 211.4bn LKR 224.5bn ▼ −6%
Admin expenses LKR 46.6bn LKR 49.5bn ▼ −6%
Operating profit LKR 166.1bn LKR 176.4bn ▼ −6%
Finance costs LKR 36.3bn LKR 36.4bn ▼ −0%
Profit before tax LKR 130.8bn LKR 138.9bn ▼ −6%
Net profit LKR 129.9bn LKR 138.3bn ▼ −6%
Cash & balance sheet
Cash LKR 5.2bn LKR 8.4bn ▼ −38%
Net assets LKR 208.6bn LKR 202.4bn ▲ +3%
People & pay
Avg. headcount 6,786 6,648 ▲ +2%
Staff cost LKR 60.0bn LKR 65.8bn ▼ −9%
Director pay LKR 202.6m LKR 172m ▲ +18%

Revenue contracted 11% to 303.1bn LKR, while operating profit also declined. Directors' remuneration rose by 18% to 202.6m LKR during the period, alongside a 9% reduction in total staff costs for the broader workforce. The period saw board pay increase while top-line sales did not.

Thai Airways International Public Company Limited [2]

BR 000333 · Group

Profitable swing

Line FY24 FY23 YoY
Profit & loss
Turnover THB 183.4bn THB 187.2bn ▼ −2%
Net profit THB 22.5bn −THB 26.9bn ▲ +184%
Cash & balance sheet
Cash THB 78.6bn THB 84.3bn ▼ −7%

A notable bottom-line recovery for the Thai flag carrier. Turnover held broadly flat at 183.4bn THB, while the group recorded a swing from a 26.9bn THB loss in the prior year to a 22.5bn THB net profit. The balance sheet closed the period holding 78.5bn THB in cash.

Rtx Corporation [3]

001-00812 · Group

Margin expansion

Line FY25 FY24 YoY
Profit & loss
Turnover USD 88.6bn USD 80.7bn ▲ +10%
Gross profit USD 34.8bn USD 30.2bn ▲ +15%
Admin expenses USD 5.3bn USD 5.0bn ▲ +6%
Operating profit USD 9.3bn USD 6.5bn ▲ +42%
Finance costs USD 1.7bn USD 1.9bn ▼ −6%
Profit before tax USD 8.7bn USD 6.7bn ▲ +30%
Net profit USD 7.1bn USD 5.0bn ▲ +41%
Cash & balance sheet
Cash USD 7.4bn USD 5.6bn ▲ +33%
Net assets USD 67.2bn USD 61.9bn ▲ +9%
Dividends paid −USD 3.6bn −USD 3.6bn ▲ +0%
People & pay
Avg. headcount 180,000 54,000 ▲ +233%

The American aerospace and defence conglomerate delivered a steady year. A 10% uplift in turnover to $88.6bn accompanied a 43% rise in operating profit, which landed at $9.3bn. The group recorded a structural expansion along the way, with reported average headcount expanding from 54,000 to 180,000.

John Lewis Plc [4]

00233462 · Group

Unmatched periods

Line FY26 FY25 YoY
Profit & loss
Turnover £11.7bn £11.1bn ▲ +5%
Gross profit £3.7bn £3.6bn ▲ +5%
Admin expenses £3.8bn £3.5bn ▲ +8%

Proceed with caution on the headline comparisons here, as the prior period is a one-day stub that renders year-on-year percentages meaningless. In its latest 371-day stretch, the retailer booked £11.7bn in turnover and £3.7bn in gross profit. The bottom line lacks explicit profit figures, though the group integrated £128m in exceptional items.

Waitrose Limited [5]

00099405 · Parent-only

Margin squeeze

Line FY26 FY25 YoY
Profit & loss
Turnover £7.8bn £7.3bn ▲ +7%
Gross profit £2.3bn £2.2bn ▲ +7%
Admin expenses £2.2bn £2.0bn ▲ +7%
Operating profit £178m £200m ▼ −11%
Finance costs £83m £77m ▲ +8%
Profit before tax £111m £138m ▼ −20%
Net profit £73m £114m ▼ −36%
Cash & balance sheet
Cash £71m £67m ▲ +6%
Net assets £718m £645m ▲ +11%
People & pay
Avg. headcount 44,900 46,700 ▼ −4%
Staff cost £1.2bn £1.0bn ▲ +10%

Top-line growth accompanied a margin contraction at the supermarket chain. Turnover rose 7% to £7.7bn, but operating profit slipped 11% to £178m while administrative expenses expanded. The period also saw a 10% rise in total staff costs to £1.1bn, an increase that occurred while average headcount fell by roughly 1,800.

There is a unique freedom in writing the final cheque, provided it is for seven billion dollars.

  1. Srilankan Airlines Limited (00218128)
  2. Thai Airways International Public Company Limited (BR 000333)
  3. Rtx Corporation (001-00812)
  4. John Lewis Plc (00233462)
  5. Waitrose Limited (00099405)