Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 7

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 7
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 advances and other assets, due in part to strong lending growth, and an increase in off-balance sheet items. This was partially offset by a reduction in the measure for securities financing transactions. Dividend and share buyback The Group has a progressive and sustainable ordinary dividend policy whilst maintaining the flexibility to return further surplus capital through share buybacks or special dividends. The Board has recommended an interim ordinary dividend of 1.22 pence per share (equivalent to £ 731 million). This represents an increase of 15 % compared to the first half of 2024, in line with the Board’s commitment to a progressive and sustainable policy. In February this year, the Board approved an ordinary share buyback programme of up to £1.7 billion in respect of 2024, in line with the Group’s commitment to return surplus capital. This commenced in February 2025 and, at 30 June 2025, the programme had completed £0.7 billion of the buyback, with c. 1.0 billion ordinary shares purchased.

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| LLOYDS BANKING GROUP PLC | 2025HALF-YEAR RESULTS |

UNDERLYING BASIS INFORMATION Group profit reconciliation and segmental analysis of profit before tax (unaudited) The statutory results are adjusted for restructuring costs and volatility and other items to allow a comparison of the Group’s underlying performance. The Group Executive Committee (GEC), which is the chief operating decision maker for the Group, reviews the Group’s internal reporting based around four segments (which reflect the Group’s organisational and management structures) in order to assess the Group’s performance and allocate resources; this reporting is on an underlying profit before tax basis. The GEC believes that this represents the underlying performance of the Group. IFRS 8 Operating Segments requires that the Group present its segmental profit before tax on the basis reviewed by the chief operating decision maker that is most consistent with the measurement principles used in measuring the Group’s statutory profit before tax. Accordingly, the Group presents its segmental underlying basis profit before tax in note 3 of its financial statements in compliance with IFRS 8 Operating Segments . The aggregate total of the underlying basis segmental results constitutes a non-GAAP measure as defined in the United States Securities and Exchange Commission’s Regulation G. Management uses the aggregate underlying profit before tax, a non-GAAP measure, as a measure of performance and believes that it provides important information for investors because they are comparable representations of the Group’s performance.