Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001089113-25-000046
Chunk: 16

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 16
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| Holding companies, shared service centres and intra-Group eliminations1             |          -551 |      -5,098 |       3,383 |
| Total                                                                               |         9,484 |       2,197 |      12,501 |

1 Quarter ended 31 December 2024 included a $5.2bn loss on the recycling of foreign currency translation reserve losses and other reserves arising on the sale of our business in Argentina. Quarter ended 31 March 2024 included a $4.8bn gain on disposal of our banking business in Canada, inclusive of a $0.3bn gain on the foreign exchange hedging of the sale proceeds, the recycling of $0.6bn in foreign currency translation reserve losses and $0.4bn of other reserves losses. This was partly offset by a $1.1bn impairment recognised in relation to the sale of our business in Argentina. u The tables on pages 24 to 31 reconcile reported to constant currency results for each of our business segments and legal entities.

| 10 | HSBC Holdings plcEarnings Release 1Q25 on Form 6-K |

Earnings Release – 1Q25

Income statement results 1Q25 compared with 1Q24 – reported results

| Movement in reported profit compared with 1Q24 | Quarter ended |             |               |     |                                 |
|:-----------------------------------------------|--------------:|------------:|--------------:|----:|--------------------------------:|
|                                                |               |             |      Variance |     |                                 |
|                                                |               |             | 1Q25 vs. 1Q24 |     |                                 |
|                                                |   31 Mar 2025 | 31 Mar 2024 |               |     | of which strategictransactions1 |
|                                                |            $m |          $m |            $m |   % |                              $m |
| Revenue                                        |        17,649 |      20,752 |        -3,103 | -15 |                          -4,472 |
| –  of which: net interest income               |         8,302 |       8,653 |          -351 |  -4 |                            -787 |
| ECL                                            |          -876 |        -720 |          -156 | -22 |                             101 |
| Operating expenses                             |        -8,102 |      -8,151 |            49 |   1 |                             393 |
| Share of