Related party transactions

12 Months Ended

Jun. 30, 2025

Disclosure of transactions between related parties [abstract]

Related party transactions

21. Related party transactions

Transactions between the group and its related parties are made on

terms equivalent to those that prevail in arm’s length transactions.

(a) Subsidiaries

Transactions between the company and its subsidiaries are eliminated

on consolidation and therefore are not disclosed. Details of the

principal group companies are given in note 22.

(b) Associates and joint ventures

Sales and purchases to and from associates and joint ventures are

principally in respect of premium drink products but also include the

provision of management services.

Transactions and balances with associates and joint ventures are set

out in the table below:

	2025	2024	2023
	$ million	$ million	$ million
Income statement items
Sales	10	14	13
Purchases	65	73	16
Balance sheet items
Group payables	2	2	3
Group receivables	1	2	2
Loans receivable	37	355	254
Cash flow items
Loans and equity contributions, net	84	134	112

Reduction in loans receivable in the year ended 30 June 2025 was

primarily due to Diageo's decision to exit several Distill Ventures

businesses.

Other disclosures in respect of associates and joint ventures are

included in note 6.

(c) Key management personnel

The key management of the group comprises the Executive and Non-

Executive Directors, the members of the Executive Committee and the

Company Secretary. They are listed under ‘Board of Directors’ and

‘Executive Committee’.

	2025	2024	2023
	$ million	$ million	$ million
Salaries and short-term employee benefits	14	12	13
Annual incentive plan	8	4	7
Non-Executive Directors’ fees	2	2	2
Share-based payments(1)	17	7	14
Post-employment benefits	2	2	2
	43	27	38

(1) Time-apportioned fair value of unvested options and share awards.

Non-Executive Directors do not receive share-based payments or post-

employment benefits.

There were no transactions with these related parties during the year

ended 30 June 2025 on terms other than those that prevail in arm’s

length transactions.

(d) Pension plans

The Diageo pension plans are recharged with the cost of administration

services provided by the group to the pension plans and with

professional fees paid by the group on behalf of the pension plans. The

total amount recharged for the year was $0.2 million (2024 – $0.1

million; 2023 – $0.2 million).

(e) Directors’ remuneration

	2025	2024	2023
	$ million	$ million	$ million
Salaries and short-term employee benefits	4	4	3
Annual incentive plan	3	1	2
Non-Executive Directors' fees	2	2	2
Shares vesting(1)	4	18	5
Post-employment benefits	—	—	1
	13	25	13

(1) Gains on options realised in the year and the benefit from share awards, calculated by

using the share price applicable on the date of exercise of the share options and release

of the awards.