Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001089113-25-000046
Chunk: 14

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 14
---
 items. The impact of strategic transactions is computed by including the operating income statement results of each business in any period for which there are no results in the comparative period. u For further details, see ’Strategic transactions supplementary analysis’ on page 27 . Foreign currency translation differences Foreign currency translation differences reflect the movements of the US dollar against most major currencies during 2025 . We exclude them to derive constant currency data, allowing us to assess balance sheet and income statement performance on a like-for-like basis and to better understand the underlying trends in the business. Foreign currency translation differences for 1Q25 are computed by retranslating into US dollars for non-US dollar branches, subsidiaries, joint ventures and associates: – the income statements for 4Q24 and 1Q24 at the average rate of exchange for 1Q25; – the closing prior period balance sheets at the prevailing rates of exchange on 31 March 2025. No adjustment has been made to the exchange rates used to translate foreign currency-denominated assets and liabilities into the functional currencies of any HSBC branches, subsidiaries, joint ventures or associates. The constant currency data of our operations in Türkiye has not been adjusted further for the impacts of hyperinflation. When reference is made to foreign currency translation differences in tables or commentaries, comparative data reported in the functional currencies of HSBC’s operations has been translated at the appropriate exchange rates applied in the current period on the basis described above.

| 8 | HSBC Holdings plcEarnings Release 1Q25 on Form 6-K |

Earnings Release – 1Q25

Summary consolidated income statement

|                                                                                                                                                       | Quarter ended 
   31 Mar 2025 | 31 Dec 2024 | 31 Mar 2024 |
|:------------------------------------------------------------------------------------------------------------------------------------------------------|--------------:|------------:|------------:|
|                                                                                                                                                       |            $m |          $m |          $m |
| Net interest income                                                                                                                                   |         8,302 |       8,185 |       8,653 |
| Net fee income                                                                                                                                        |         3,324 |       2,979 |       3,146 |
| Net income from financial instruments held for trading or managed on a fair value basis1                                                              |         5,356 |       5,302 |       5,406 |
| Net income/(expense) from assets and liabilities of insurance businesses, including related derivatives, measuredat fair value through profit or loss |         1,521 |      -