The Accounts · daily brief
14 June 2026
Walgreens holdco records a $7.4bn dividend before closure
The takeaways
- 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 signals · who grew, who shrank
Hiring
- Dalkia Facilities Limited 944 → 3,042 staff ▲ +222% staff cost +61%
- Statom Group Limited 53 → 114 staff ▲ +115% staff cost +175%
Cutting
- Tesco Personal Finance Limited 2,632 → 986 staff ▼ −63% staff cost −13%
- Skyscanner Limited 981 → 603 staff ▼ −39% staff cost −37%
Average headcount from the accounts filed yesterday — a look back at last year's payroll, not a live hiring tracker.
Filing of note
Walgreens Boots Alliance Uk 4 Limited
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]
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]
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]
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]
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]
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.
Sources
- Srilankan Airlines Limited
- Thai Airways International Public Company Limited
- Rtx Corporation
- John Lewis Plc
- Waitrose Limited