Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001654954-25-012267
Chunk: 29

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 29
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 of constant currency performance. We separately disclose 'notable items', as described on page 6 .

Our operations are closely integrated and, accordingly, the presentation of data includes internal allocations of certain items of income and expense. These allocations include the costs of certain support services and global infrastructures to the extent that they can be meaningfully attributed to business segments. While such allocations have been made on a systematic and consistent basis, they necessarily involve a degree of subjectivity. Costs that are not allocated to business segments are included in Corporate Centre.

Where relevant, income and expense amounts presented include the results of inter-segment funding along with inter-company and inter-business line transactions. All such transactions are undertaken on arm's length terms. The intra-Group elimination items for business segments are presented in Corporate Centre.

As required by IFRS 8, reconciliations of the constant currency results to the Group's reported results are presented on page 26 . Supplementary reconciliations of constant currency to reported results by business segment are presented on pages 27 to 32 for information purposes.

Hong Kong - 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                                          |            11,812 |      11,228 |           584 |   5 | -                  |
| ECL                                              |            -1,168 |        -721 |          -447 | -62 | -                  |
| Operating expenses                               |            -3,519 |      -3,539 |            20 |   1 | -                  |
| Share of profit/(loss) from associates and joint 
 ventures                                         |                 - |           - |             - |   - | -                  |
| Profit before tax                                |             7,125 |       6,968 |           157 |   2 | -                  |

1 Impact of strategic transactions classified as material notable items. For further details, see '