The Accounts daily brief — 14 June 2026

The Accounts · daily brief

Walgreens holdco records a $7.4bn dividend before closure

  • A Walgreens holdco pays out a colossal $7.4bn dividend ahead of a voluntary strike-off
  • John Lewis prints a 371-day period against an unusual one-day prior stub
  • RTX Corporation reports a massive headcount jump to 180,000 as net profit surges 41%

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

This filing was prepared on a break-up basis, as the directors intend to file for a voluntary strike-off. Ahead of this closure, the zero-employee holdco recorded a colossal $7.46bn dividend, reducing net assets from $6.69bn down to just $8.8m. Turnover for the period sat at $318.8m, flowing entirely through to operating profit in a classic capital-light passthrough structure.

Srilankan Airlines Limited [1]

00218128 · Group

SriLankan Airlines Limited is the national flag carrier of Sri Lanka, majority-owned by the Sri Lankan government, which provides international passenger and cargo air transport alongside aviation catering, engineering, and ground handling services.

Board pay rises

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%

Turnover fell 10.7% to 303.1bn LKR as the state-owned flag carrier saw operating profit slip to 166.1bn LKR. Despite the top-line contraction and a 5.8bn LKR reduction in total staff costs, directors' remuneration rose by 17.8% to 202.6m LKR during the period. A clean audit from the National Audit Office rounds out the set.

Thai Airways International Public Company Limited [2]

BR 000333 · Group

Operating as the UK branch of Thailand's national flag carrier, Thai Airways International Public Company Limited is an airline listed on the Stock Exchange of Thailand that provides global passenger and cargo air transportation services.

Back in the black

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%

The UK branch of Thailand's flag carrier returned to profit, posting a 22.5bn THB net result after a 26.9bn THB loss the year prior. This improved bottom line occurred alongside a slight 2% dip in turnover to 183.4bn THB. Cash reserves remained steady, ending the year at 78.6bn THB.

Rtx Corporation [3]

001-00812 · Group

RTX Corporation (formerly Raytheon Technologies Corporation) is a publicly listed American aerospace and defence conglomerate, traded on the New York Stock Exchange, which manufactures aircraft engines, avionics, guided missiles, and defence systems through its Collins Aerospace, Pratt & Whitney, and Raytheon divisions.

Massive 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 conglomerate saw headcount expand, with the average jumping from 54,000 to 180,000. This significant increase accompanied a 9.7% rise in turnover to $88.6bn and a 41% increase in net profit to $7.1bn. A substantial set of numbers from the US-listed parent, backed by a clean audit.

John Lewis Plc [4]

00233462 · Group

John Lewis plc is the principal trading subsidiary of the employee-owned John Lewis Partnership plc, operating as a major British retail group that encompasses the John Lewis department store and Waitrose supermarket brands.

One-day prior stub

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%

The parent company of the British retail group filed a 371-day period against a one-day prior stub, rendering unadjusted year-on-year comparisons structurally complex. Over the latest period, the group generated £11.7bn in turnover and £3.7bn in gross profit. Exceptional items landed at £128m in what remains a substantial consolidated set.

Waitrose Limited [5]

00099405 · Parent-only

Waitrose Limited, trading as Waitrose & Partners, is a British supermarket chain operating as a wholly owned subsidiary of the employee-owned John Lewis Partnership.

Margin squeezed

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%

Turnover at the supermarket chain rose 6.9% to £7.77bn, but operating profit fell 11% to £178m as administrative expenses weighed on the margin. The staff cost allocation rose 9.9% to £1.15bn alongside a nearly 4% drop in average headcount, pushing the staff cost per employee up. The accounts note these are technically partners employed by the parent company, rather than direct employees.

Sometimes the best part of the accounts is the exit strategy. I'll be under the desk.

  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)