The Accounts · daily brief
15 June 2026
A $7.4bn dividend drop and one break-up basis
The takeaways
- 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 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 | |
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]
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]
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]
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]
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]
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.
Sources
- Srilankan Airlines Limited
- Thai Airways International Public Company Limited
- Rtx Corporation
- John Lewis Plc
- Waitrose Limited