Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 86

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 86
---
 30 Jun 2024 |
|                                                             |           $m |          $m |
| Reported external net operating income by country/territory |       34,122 |      37,292 |
| –  UK1                                                      |        6,270 |       6,247 |
| –  Hong Kong                                                |       11,490 |      10,393 |
| –  US                                                       |        2,313 |       2,146 |
| –  Mainland China                                           |           67 |       1,246 |
| –  other countries/territories                              |       13,982 |      17,260 |

1 UK includes HSBC UK Bank plc (ring-fenced bank), HSBC Bank plc (non-ring-fenced bank), the ultimate holding company, HSBC Holdings plc, and the ServCo

group.

| Constant currency results reconciliation                          |                               |                  |                     |          |
|                                                                   |                   30 Jun 2025 |      30 Jun 2024 |                     |          |
|                                                                   | Reported andconstant currency | Constantcurrency | Currencytranslation | Reported |
|                                                                   |                            $m |               $m |                  $m |       $m |
| Revenue1,2                                                        |                        34,122 |           37,057 |                -235 |   37,292 |
| ECL                                                               |                        -1,941 |             -993 |                  73 |   -1,066 |
| Operating expenses                                                |                       -17,022 |          -16,192 |                 104 |  -16,296 |
| Share of profit in associates and joint ventures less impairment2 |                           651 |            1,619 |                  -7 |    1,626 |
| Profit before tax                                                 |                        15,810 |           21,491 |                 -65 |   21,556 |

1 Net operating income before change in expected credit losses and other credit impairment charges, also referred to as revenue.

2 Amount in 1H25 in ‘Revenue’ includes a loss of $ 1.1 bn inclusive of reserves recycling as a result of the dilution of our shareholding in BoCom. We have also

recognised a $ 1.0 bn impairment loss following an impairment test on the carrying value of the Group’s investment in BoCom in ‘Share of profit in associates and

joint ventures less impairment’. See Note 10 on page 93 .

|