Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 39

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 39
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 note 3 of the financial statements included in the Group’s 2024 annual report on Form 20-F. Further information on the critical accounting judgements and key sources of estimation uncertainty for the allowance for expected credit losses is set out in note 12 . Note 3: Segmental analysis Lloyds Banking Group provides a wide range of banking and financial services in the UK and in certain locations overseas. The Group Executive Committee (GEC) remains the chief operating decision maker, as defined by IFRS 8 Operating Segments, for the Group. The segmental results and comparatives are presented on an underlying basis (pre-tax), the basis reviewed by the chief operating decision maker. The underlying basis is derived from the recognition and measurement principles of IFRS Accounting Standards with the effects of the following excluded in arriving at underlying profit: • Restructuring costs relating to merger, acquisition, integration and disposal activities • Volatility and other items, which includes the effects of certain asset sales, the volatility relating to the Group’s hedging arrangements and that arising in the insurance businesses, the unwind of acquisition-related fair value adjustments and the amortisation of purchased intangible assets For the purposes of the underlying income statement, operating lease depreciation (net of gains on disposal of operating lease assets) is shown as an adjustment to total income. There has been no change to the descriptions of these segments as provided in note 4 to the Group’s financial statements for the year ended 31 December 2024 . In the half-year to 30 June 2025, the Group revised its treatment of certain divisional variable payment related costs. Previously reported within divisional operating costs, these are now included within underlying other income. Comparatives have been represented on a consistent basis in respect of these changes.

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

NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (UNAUDITED) (continued) Note 3: Segmental analysis (continued) The table below analyses the Group’s income and profit by segment on an underlying basis. Net income is also

analysed between external and inter-segment income.

| Half-year to 30 June 2025              | Retail£m | CommercialBanking£m |     |         | Insurance,PensionsandInvestments£m |     |         |     | Other£m |     | Total£m |
| Underlying net interest income