The Accounts daily brief — 15 June 2026

The Accounts · daily brief

A $7.4bn dividend drop and one break-up basis

  • Walgreens Boots Alliance UK 4 is winding down, paying out a massive $7.4bn dividend
  • Waitrose saw revenue climb but operating profit fell as staff costs outpaced sales
  • Board pay at SriLankan Airlines rose 18% despite an 11% drop in turnover

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, this holding company is heading for a voluntary strike-off. Ahead of the closure, it recorded a massive distribution for the year to August 2025, paying out a $7.46bn dividend. That colossal payout reshaped the balance sheet, leaving net assets at just $8.8m compared to $6.69bn a year earlier.

Srilankan Airlines Limited [1]

00218128 · Group

Board pay jump

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 11% to LKR 303.1bn for the year to March 2025, while operating profit declined to LKR 166.1bn. Despite the top-line contraction, the period saw an 18% increase in directors' remuneration to LKR 202.6m. A notable divergence in the figures, as board pay expanded while the broader numbers cooled for the state-owned carrier.

Thai Airways International Public Company Limited [2]

BR 000333 · Group

Profit recovery

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 year to December 2024 brought a massive bottom-line turnaround for the Thai flag carrier. While turnover dipped 2% to THB 183.4bn, net profit swung to a positive THB 22.5bn, up from a challenging THB 26.9bn loss in the prior year.

Rtx Corporation [3]

001-00812 · Group

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 US aerospace giant posted a 10% rise in turnover to $88.6bn for the year to December 2025, alongside a 42% leap in operating profit to $9.3bn. The most striking shift, however, is on the payroll, with average headcount expanding from 54,000 to 180,000.

John Lewis Plc [4]

00233462 · Group

Mismatched 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%

The parent group's latest accounts present a 371-day period against a highly unusual one-day stub in the prior year, rendering raw comparisons difficult. For the year to January 2026, the retail partnership recorded turnover of £11.7bn alongside £128m in exceptional items.

Waitrose Limited [5]

00099405 · Parent-only

Squeezed margins

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 arm grew 7% to £7.77bn for the year to January 2026, but underlying margins contracted. Operating profit fell 11% to £178m while total staff costs climbed 10% to £1.15bn, even as average headcount fell by nearly 1,800. The notes clarify these workers are technically employed by the John Lewis parent, though Waitrose carries the cost.

Nothing quite says 'closing time' like a seven-billion-dollar payout on the way to the exit.

  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)