Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001089113-25-000052
Chunk: 26

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 26
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 |           416 |    6 | —                               |
| Notable items                                             |            — |           — |             — |  N/A | —                               |
| Revenue                                                   |        7,848 |       7,432 |           416 |    6 | —                               |
| RoTE (annualised)4%                                       |         34.9 |        38.4 |               |      |                                 |

1 For a description of how we derive banking NII, see page 21 . In the Hong Kong business, there are no adjustments to NII to derive banking NII. 2 For supplementary analysis of fee and other income, see page 28 . 3 Includes revenue from Markets Treasury. It also includes other non-product-specific income and notional tax credits. 4 For details of our RoTE calculation by business segment, see page 40 . 5 Impact of strategic transactions classified as material notable items. For further details, see ‘Strategic transactions supplementary analysis‘ on page 29 . Financial performance Profit before tax of $4.7bn was $0.1bn or 2% lower than in 1H24 on a constant currency basis. Revenue of $7.8bn was $0.4bn or 6% higher on a constant currency basis. Banking NII of $5.9bn decreased by $0.1bn or 1% . The decrease was due to the impact of lower margins, particularly following the reduction in HIBOR during the period, and from lower lending balances. This was partly offset by deposit balance growth of $43bn or 9% since 30 June 2024 and a lower cost of funding as interest rates fell. Fee and other income of $2.0bn was up by $0.5bn or 31% . The growth was mainly driven by an increase of $0.3bn or 45% in Wealth from a strong performance in investment distribution due to higher client activity in the context of market volatility. ECL of $0.9bn in 1H25 increased by $0.5bn compared with 1H24 on a constant currency basis. The 1H25 period included charges related to the Hong Kong CRE sector. This reflected updates to our models used for ECL calculations, which had an impact of $0.1bn, an increase in allowances for new defaulted exposures, as well as the over-supply of non- residential properties putting continued downward pressure on