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Earnings per share ("EPS") | 12 Months Ended
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Dec. 31, 2024
Earnings per share [abstract] |
Earnings per share ("EPS") | 8. Earnings per share ("EPS") Basic EPS The calculation of basic EPS is as follows:
| 2024 |  | 2023 |  | 2022
Profit for the year attributable to equity holders of the parent (£ million) | 542 |  |  | 110 |  |  | 683 |
Weighted average number of shares used in basic EPS calculation (million) | 1,077 |  |  | 1,072 |  |  | 1,098 |
Basic EPS | 50.3p |  | 10.3p |  | 62.2p
Diluted EPS The calculation of diluted EPS is as follows:
| 2024 |  | 2023 |  | 2022
Profit for the year attributable to equity holders of the parent (£ million) | 542 |  |  | 110 |  |  | 683 |
Weighted average number of shares used in diluted EPS calculation (million) | 1,097 |  |  | 1,094 |  |  | 1,116 |
Diluted EPS | 49.4p |  | 10.1p |  | 61.2p
At 31 December 2024, options to purchase 28 million ordinary shares (2023: 25 million, 2022: 20 million) were outstanding, but were excluded from the computation of diluted earnings per share because the exercise prices of these options were greater than the average market price of the Group’s shares and, therefore, their inclusion would have been accretive. A reconciliation between the shares used in calculating basic and diluted EPS is as follows:
| 2024 |  | 2023 |  | 2022
| m |  | m |  | m
Weighted average number of shares used in basic EPS calculation | 1,077 |  |  | 1,072 |  |  | 1,098 |
Dilutive share options outstanding | — |  |  | 1 |  |  | 1 |
Other potentially issuable shares | 20 |  |  | 21 |  |  | 17 |
Weighted average number of shares used in diluted EPS calculation | 1,097 |  |  | 1,094 |  |  | 1,116 |
At 31 December 2024 there were 1,091,394,251 (2023: 1,141,513,196, 2022: 1,141,427,296) ordinary shares in issue, including 12,591,893 treasury shares (2023: 66,675,497, 2022: 70,489,953).

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