XML 25 R7.htm IDEA: XBRL DOCUMENT
v3.26.1

BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended
--- | ---
Jun. 30, 2026
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES |
BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES | 1 BASIS OF PREPARATION AND SIGNIFICANT ACCOUNTING POLICIES ​ Haleon plc (the Company) and its subsidiary undertakings (collectively, the Group) is a global leader in consumer health, with a purpose to deliver better everyday health with humanity. Haleon’s product portfolio spans six major categories – Oral Health, Vitamins, Minerals, and Supplements (VMS), Pain Relief, Respiratory Health, Digestive Health, and Therapeutic Skin Health and Other. ​ The condensed consolidated interim financial statements (interim financial statements) of the Group for the six months ended 30 June 2026 have been prepared in accordance with the IAS 34 Interim Financial Reporting as issued by the International Accounting Standards Board (IASB) and the International Financial Reporting Standards as adopted by the United Kingdom (UK IFRS). The condensed consolidated interim financial statements do not include all of the information required for a complete set of IFRS financial statements. However, selected notes are included to explain events and transactions that are significant to an understanding of the changes in the Group’s financial position and performance since the publication of the Group’s consolidated financial statements and related notes as at and for the year ended 31 December 2025. ​ All accounting policies for recognition, measurement, consolidation, and presentation are as outlined in the published Group’s consolidated financial statements, and these accounting policies are applied consistently in preparation of the condensed consolidated interim financial statements. The condensed consolidated interim financial statements have been prepared on the historical cost basis, except for the revaluation of certain financial instruments, and are presented in Pounds Sterling, the presentation currency of the Group. ​ These interim financial statements have been approved and authorised for issue by the Group’s Chief Financial Officer on 29 July 2026. Exchange rates The Group operates in many countries and earns revenues and incurs costs in many currencies. The results of the Group, as reported in Sterling, are affected by movements in exchange rates between Sterling and other currencies. Average exchange rates prevailing during the period, as modified by specific transaction rates for large transactions, are used to translate the results and cash flows of overseas subsidiaries into Sterling. Period-end rates are used to translate the net assets of those entities. The principal currencies and relevant exchange rates in the key markets where the Group operates are shown below. ​
​ | ​ | ​ | ​ | ​
​ | Average rates | Period-end rates
​ | Six months ended 30 June 2026 | Six months ended 30 June 2025 | As at 30 June 2026 | As at 30 June 2025
US$/£ | 1.34 | 1.30 | 1.32 | 1.37
Euro/£ | 1.15 | 1.19 | 1.16 | 1.17
CNY/£ | 9.24 | 9.42 | 8.98 | 9.82
​ In addition, the Group is exposed to currency fluctuations across a broad-based global footprint of emerging markets which, when combined, represent a significant part of the Group’s revenue. ​ Accounting for Argentina and Turkey as hyperinflationary economies ​ The Argentinian and Turkish economies are designated as hyperinflationary for accounting purposes. The Group has monitored the impact of inflation on its subsidiaries in these countries and does not believe that inflation had a material impact on the group over the past years. As a result, application of IAS 29 ‘Financial Reporting in Hyperinflationary Economies’ has been applied to Haleon entities whose functional currency is the Argentinian Peso or Turkish Lira effective 1 January 2024. ​ The application of IAS 29 includes:
• | Adjusting historical cost non-monetary assets and liabilities for the change in purchasing power caused by inflation from the date of initial recognition to the balance sheet date.
● | Adjusting the income statement for inflation during the reporting period.
● | Translating the income statement at the period end foreign exchange rate instead of an average rate.
● | Adjusting the income statement to reflect the impact of inflation and exchange rate movement on holding monetary assets and liabilities in local currency.
​ The main effects of applying IAS 29 on the Group’s condensed consolidated interim financial statements are:
● | Revenue and operating profit, for the period increased by £7 m and £2 m respectively;
● | A net monetary gain arising from hyperinflationary economies of £3 m was recorded in the income statement reflecting the impact on non-monetary assets and liabilities of hyperinflation from 1 January 2026 to 30 June 2026.
​ Going concern The Directors have reviewed the Group’s cash flow forecasts, financial position and exposure to principal risks and have formed the view that the Group will generate sufficient cash to meet its ongoing requirements for at least 12 months from the date the condensed consolidated interim financial statements have been authorised. At 30 June 2026, the Group had cash and cash equivalents, net of bank overdrafts, of £805m and undrawn credit facility of £1,750m with maturity dates of August 2029. In addition, the Group has commercial paper programmes (with maximum aggregate amounts of €2bn and $10bn) pursuant to which members of the Group may issue commercial paper from time to time. As a result, the Directors believe that it is appropriate to adopt the going concern basis of accounting in preparing the Group’s condensed consolidated interim financial statements. Judgements and estimates In preparing the condensed consolidated interim financial statements, management is required to make judgements about when or how items should be recognised in the condensed consolidated interim financial statements and estimates and assumptions that affect the amounts of assets and liabilities, income and expenses reported in the condensed consolidated interim financial statements. Actual amounts and results could differ from these estimates. The critical areas of accounting estimates and judgements are the same as those disclosed in the published Group consolidated financial statements and related notes as at and for the year ended 31 December 2025. Recent accounting developments IFRS 18 ‘Presentation and Disclosure in Financial Statements’ will replace IAS 1 ‘ Presentation of Financial Statements’ and applies for annual and interim reporting periods beginning on or after 1 January 2027. As described in the Annual Report and Form 20-F 2025, the Group continues to assess the impact of IFRS 18, with initial system and process changes underway, while further work to finalise the financial statement presentation and disclosure is ongoing. All new accounting standards, amendments to accounting standards and interpretations that have been published by the IASB and are not effective for 30 June 2026 reporting period, have not been early adopted by the Group. Other than IFRS 18, these standards, amendments or interpretations are not expected to have a material impact on the entity in the current or future reporting periods.

X
- References No definition available. + Details
Name: | hln_BasisOfPreparationAndSignificantAccountingPoliciesAbstract
Namespace Prefix: | hln_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of basis of presentation and significant accounting policies. + References No definition available. + Details
Name: | hln_IfrsBasisOfPresentationAndSignificantAccountingPoliciesTextBlock
Namespace Prefix: | hln_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration