Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 20

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 20
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 (continued) Movements in CET1 capital The key movements are set out in the table below.

| Commonequity tier 1£m                                  |        |
| At 31 December 2024                                    | 31,979 |
| Banking business profits1                              |  2,527 |
| Movement in foreseeable dividend accrual2              |    182 |
| Dividends paid on ordinary shares during the period    | -1,271 |
| Adjustment to reflect full impact of share buyback     | -1,700 |
| Dividends received from the Insurance business3        |    100 |
| Movement in treasury shares and employee share schemes |    144 |
| Deferred tax asset                                     |    112 |
| Goodwill and other intangible assets                   |    111 |
| Excess regulatory expected losses                      |    -86 |
| Distributions on other equity instruments              |   -245 |
| Other movements                                        |      9 |
| At 30 June 2025                                        | 31,862 |

1 Under banking capital regulations, profits made by Insurance are removed from CET1 capital. However, when dividends are paid to the Group by Insurance these are recognised through CET1 capital. 2 Reflects the reversal of the brought forward accrual for the final 2024 ordinary dividend, net of the accrual for the foreseeable 2025 ordinary dividend. 3 Received in February 2025. The Group’s CET1 capital ratio reduced to 13.8% at 30 June 2025 (31 December 2024: 14.2% ) reflecting the reduction in CET1 capital resources and the increase in risk-weighted assets. CET1 capital resources reduced by £ 117 million, with banking business profits for the first half of the year and the receipt of the dividend paid up by the Insurance business in February 2025 more than offset by: • The accrual for foreseeable ordinary dividends in respect of the first half of 2025, inclusive of the announced interim ordinary dividend of 1.22 pence per share, and distributions on other equity instruments • The recognition of the full capital impact of the ordinary share buyback programme announced as part of the Group’s 2024 year end results, which commenced in February 2025

| Page 19 of74 |

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

CAPITAL RISK (continued) Movements in total capital and MREL The Group’s total