SMITH & NEPHEW PLC financials
Also U.S.-listed. SMITH & NEPHEW PLC is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: SNN — Smith & Nephew plc
SMITH & NEPHEW PLC
Country: GB Reporting currency: USD Latest annual report: 2025-12-31
LEI:
213800ZTMDN8S67S1H61 Financial statements
(USD, as reported — unscaled; 104 line items across 3 annual periods)
| Line item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Income statement | |||
| Cost of sales | $1.97B | $1.76B | $1.73B |
| Gross profit | $4.19B | $4.05B | $3.82B |
| Operating profit (EBIT) | $794.0M | $657.0M | $425.0M |
| Profit before tax | $779.0M | $498.0M | $290.0M |
| Income tax expense | $154.0M | $86.0M | $27.0M |
| Profit for the year | $625.0M | $412.0M | $263.0M |
| Total comprehensive income | $797.0M | $335.0M | $246.0M |
| Per share | |||
| Basic EPS | $0.72 | $0.47 | $0.30 |
| Diluted EPS | $0.72 | $0.47 | $0.30 |
| Free cash flow / share | $0.98 | $0.69 | $0.21 |
| Cash flow statement | |||
| Cash generated from operations | $1.55B | $1.25B | $829.0M |
| Net cash from operating activities | $1.28B | $987.0M | $608.0M |
| Income taxes paid | $147.0M | $140.0M | $125.0M |
| Net cash from investing activities | -$406.0M | -$569.0M | -$448.0M |
| Net cash from financing activities | -$955.0M | -$86.0M | -$200.0M |
| Dividends paid | $330.0M | $327.0M | $327.0M |
| Net change in cash | -$76.0M | $332.0M | -$40.0M |
| Balance sheet | |||
| Total assets | $10.46B | $10.35B | — |
| Non-current assets | $6.35B | $5.93B | — |
| Intangible assets & goodwill | $3.11B | $3.03B | — |
| Current assets | $4.10B | $4.42B | — |
| Inventories | $2.12B | $2.39B | — |
| Trade & other receivables | $1.41B | $1.38B | — |
| Cash & equivalents | $557.0M | $619.0M | — |
| Total equity | $5.29B | $5.26B | $5.22B |
| — attributable to owners | $5.29B | $5.26B | — |
| Non-current liabilities | $3.57B | $3.56B | — |
| Current liabilities | $1.59B | $1.53B | — |
| Trade & other payables | $1.18B | $1.13B | — |
| Deferred tax liabilities | $40.0M | $31.0M | — |
| Derived metrics | |||
| Free cash flow | $852.0M | $606.0M | $181.0M |
| Operating margin | 12.9% | 11.3% | 7.7% |
| Net margin | 10.1% | 7.1% | 4.7% |
| Return on equity | 11.8% | 7.8% | 5.0% |
| Cash conversion ratio | 2.06× | 2.40× | 2.31× |
| Capex coverage | 2.97× | 2.59× | 1.42× |
| Other reported items | |||
| Adjustments For Decrease Increase In Inventories | $208.0M | -$42.0M | -$178.0M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -$175.0M | -$81.0M | -$49.0M |
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | $573.0M | $645.0M | $683.0M |
| Adjustments For Increase Decrease In Employee Benefit Liabilities | $5.0M | $16.0M | $3.0M |
| Adjustments For Interest Expense | $112.0M | $121.0M | $98.0M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | $23.0M | $22.0M | $18.0M |
| Adjustments For Sharebased Payments | $43.0M | $40.0M | $39.0M |
| Adjustments For Undistributed Profits of Associates | $113.0M | -$10.0M | -$30.0M |
| Bank Overdrafts Classified As Cash Equivalents | $4.0M | $2.0M | $2.0M |
| Capital Redemption Reserve | $20.0M | $20.0M | — |
| Capital Reserve | $2.27B | $2.27B | $2.27B |
| Cash and Cash Equivalents If Different From Statement of Financial Position | $553.0M | $617.0M | $300.0M |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | $9.0M | $186.0M | $21.0M |
| Cash Outflow For Leases | $50.0M | $55.0M | $52.0M |
| Current Tax Assets Current | $16.0M | $34.0M | — |
| Current Tax Liabilities Current | $194.0M | $232.0M | — |
| Decrease Increase Through Tax On Sharebased Payment Transactions | -$4.0M | $1.0M | — |
| Deferred Tax Assets | $347.0M | $350.0M | — |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | $330.0M | $327.0M | $327.0M |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | $204.0M | — | — |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | $0.24 | — | — |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | $12.0M | -$15.0M | -$4.0M |
| Equity and Liabilities | $10.46B | $10.35B | — |
| Finance Income | $28.0M | $24.0M | $34.0M |
| Gains Losses On Cash Flow Hedges Before Tax | $13.0M | $38.0M | $23.0M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | -$5.0M | $5.0M | $0 |
| Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss | $1.0M | $1.0M | -$18.0M |
| Increase Decrease Through Sharebased Payment Transactions | $43.0M | $40.0M | $39.0M |
| Intangible Assets Other Than Goodwill | $882.0M | $1.03B | — |
| Interest Expense | $140.0M | $145.0M | $132.0M |
| Interest Paid Classified As Operating Activities | $142.0M | $140.0M | $104.0M |
| Interest Received Classified As Operating Activities | $25.0M | $22.0M | $8.0M |
| Investments In Associates Accounted For Using Equity Method | $121.0M | $7.0M | — |
| Issued Capital | $175.0M | $175.0M | — |
| Liabilities | $5.17B | $5.09B | — |
| Noncurrent Financial Assets At Fair Value Through Profit Or Loss | $30.0M | $9.0M | — |
| Noncurrent Receivables | $164.0M | $24.0M | — |
| Noncurrent Recognised Assets Defined Benefit Plan | $64.0M | $63.0M | — |
| Noncurrent Recognised Liabilities Defined Benefit Plan | $84.0M | $79.0M | — |
| Other Comprehensive Income | $172.0M | -$77.0M | -$17.0M |
| Other Comprehensive Income Before Tax Exchange Differences On Translation | $179.0M | -$124.0M | $56.0M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | $5.0M | $16.0M | -$89.0M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | $168.0M | -$92.0M | $54.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | $4.0M | $15.0M | -$71.0M |
| Other Finance Cost | $16.0M | $28.0M | $7.0M |
| Other Longterm Provisions | $82.0M | $95.0M | — |
| Other Noncurrent Payables | $190.0M | $95.0M | — |
| Other Shortterm Provisions | $74.0M | $108.0M | — |
| Payments To Acquire Or Redeem Entitys Shares | $502.0M | $0 | $0 |
| Proceeds From Current Borrowings | $43.0M | $0 | $326.0M |
| Proceeds From Issue of Ordinary Shares | $12.0M | $1.0M | $0 |
| Proceeds From Noncurrent Borrowings | $0 | $1.00B | $0 |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | $38.0M | $0 | $0 |
| Property Plant and Equipment Including Rightofuse Assets | $1.64B | $1.42B | — |
| Purchase of Financial Assets Measured At Fair Value Through Profit Or Loss Classified As Investing Activities | $2.0M | $1.0M | $0 |
| Purchase of Interests In Associates | $0 | $1.0M | $0 |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | $433.0M | $381.0M | $427.0M |
| Purchase of Treasury Shares | $502.0M | — | — |
| Reclassification Adjustments On Cash Flow Hedges Before Tax | $29.0M | $1.0M | $25.0M |
| Repayments of Current Borrowings | $39.0M | $705.0M | $151.0M |
| Repayments of Noncurrent Borrowings | $90.0M | $0 | $0 |
| Research and Development Expense | $296.0M | $289.0M | $339.0M |
| Reserve of Exchange Differences On Translation | -$341.0M | -$520.0M | -$396.0M |
| Retained Earnings | $5.32B | $5.02B | — |
| Revenue From Contracts With Customers | $6.16B | $5.81B | $5.55B |
| Selling General and Administrative Expense | $3.10B | $3.10B | $3.06B |
| Share Premium | $615.0M | $615.0M | — |
| Treasury Shares | $515.0M | $66.0M | — |
Methodology
Every line item above is a fact tagged in SMITH & NEPHEW PLC's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (USD), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.