Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001654954-25-012267
Chunk: 3

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 3
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 tax decreased by $6.9bn to $23.1bn compared with 9M24, mainly due to an $8.2bn year-on-year impact of notable items, including the non-recurrence of $3.6bn in net gains in 9M24 relating to our disposals in Canada and Argentina, the recognition of dilution and impairment losses in 9M25 of $2.1bn related to our associate Bank of Communications Co., Limited ('BoCom'), legal provisions of $1.4bn and restructuring and other related costs associated with our organisational simplification of $0.8bn in 9M25. Profit after tax decreased by $6.5bn to $17.9bn compared with 9M24.

- Constant currency profit before tax excluding notable items was $28.0bn, an increase of $1.2bn or 4% compared with 9M24, as higher revenue from growth in fee and other income in Wealth in our IWPB and Hong Kong businesses, and from Foreign Exchange and Debt and Equity Markets in our CIB business segment, mitigated a rise in ECL and a planned increase in operating expenses.

- Annualised RoTE in 9M25 was 13.9%, compared with 19.3% in 9M24. Excluding notable items, annualised RoTE in 9M25 was 17.6%, a rise of 0.9 percentage points compared with 9M24.

- Revenue decreased by $2.4bn or 4% to $51.9bn compared with 9M24, reflecting the year-on-year impact of notable items, mainly from disposals in Canada and Argentina in 9M24. Excluding notable items revenue increased, primarily due to fee and other income growth in Wealth and in Foreign Exchange and Debt and Equity Markets in CIB. Constant currency revenue excluding notable items rose by $2.4bn to $53.3bn compared with 9M24.

- NII of $25.6bn increased by $1.1bn compared with 9M24, including an adverse impact of $1.5bn from business disposals in Argentina and Canada, partly offset by the favourable impact of the non-recurrence of a $0.3bn loss in 3Q24 on the early redemption of legacy securities. NII growth was driven by the benefit of our structural hedge, an increase in deposits and lower costs of funding,