Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001654954-25-012267
Chunk: 38

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 38
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 increased by $0.2bn or 5% on a constant currency basis reflecting growth in fee and other income in Wealth, with strong performances in all products. This was partly offset by a decrease in banking NII of $0.1bn due to the impact of our business disposal in Argentina. ECL were $45m lower compared with 3Q24 on a constant currency basis, mainly from lower unsecured lending balances in Mexico. Operating expenses of $2.4bn were $0.1bn or 6% higher on a constant currency basis, primarily reflecting continued investments in Wealth, higher planned spend and investment in technology, the impact of inflation and an increase in restructuring and other related costs. These increases were in part mitigated by continued cost discipline and the impact of our business disposal in Argentina.

Corporate Centre - constant currency basis

9M25 compared with 9M24

| Results - on a constant currency basis           |                   |             |               |        |                    |
|                                                  | Nine months ended |             |               |        |                    |
|                                                  |                   |             |      Variance |        |                    |
|                                                  |                   |             | 9M25 vs. 9M24 |        |                    |
|                                                  |       30 Sep 2025 | 30 Sep 2024 |               |        | of which strategic 
      transactions1 |
|                                                  |                $m |          $m |            $m |      % |                 $m |
| Revenue                                          |            -1,151 |       3,153 |        -4,304 | >(100) |             -3,862 |
| ECL                                              |               -67 |         -27 |           -40 | >(100) |                  - |
| Operating expenses                               |            -1,234 |         -88 |        -1,146 | >(100) |                 66 |
| Share of profit/(loss) from associates and joint 
 ventures                                         |             1,216 |       2,184 |          -968 |    -44 |                  - |
| Profit before tax                                |            -1,236 |       5,222 |        -6,458 | >(100) |             -3,796 |

1 Impact of strategic transactions classified as material notable items. For further details, see 'Strategic transactions supplementary analysis' on page 31 .

| Management view of revenue - on a constant currency 
 basis                                               |                   |             |               |