Significant Income and Profit Growth
Income grew by 14% year-on-year to GBP 7.2 billion, and profit before taxes increased by 28% to GBP 2.5 billion in Q2 2025.
Earnings Per Share and Return on Tangible Equity
Earnings per share grew by 41% to 11.7p, and return on tangible equity was 12.3% in Q2 2025, up from 9.9% in the previous year.
Strong Capital Position and Shareholder Returns
CET1 ratio is at 14%, and a GBP 1 billion buyback was announced. Total shareholder distributions for the first half of 2025 are up 21% year-on-year.
Investment Bank Performance
Investment Bank's RoTE improved by 2.6 percentage points year-on-year to 12.2%, with a 23% year-on-year increase in income in U.S. dollar terms in Q2.
U.K. Business Growth
GBP 17 billion of business growth RWAs deployed in U.K. businesses since 2023, with strong growth in mortgage balances and credit card acquisitions.
Improvement in Cost Efficiency
Cost-to-income ratio improved to 59% in Q2 2025, down 4 percentage points year-on-year.