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DIAGEO PLC

For the period ended Jun 30, 2025. Filed Aug 14, 2025.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2025 · Filed Aug 14, 2025

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DEO$99.76-0.5%Stored close · as of Nov 6, 2026
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Contents

3.Commitment to deleveraging: we expect

  1. Commitment to deleveraging: we expect

to be well within the leverage target range

of 2.5-3.0x net debt to adjusted EBITDA no

later than fiscal 28, providing us with a lot

more flexibility. This will be delivered

through a combination of organic growth

and positive operating leverage, combined

with tighter capital discipline, and

appropriate and selective disposals over

the coming years.

12Diageo Form 20-F 2025

Our strategy continued

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.