Company: HBCYF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001654954-25-004763
Chunk: 25

Company: HSBC HOLDINGS PLC
Filing Date: 2025-04-29
Form: 6-K
Chunk 25
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 |         216 |         215 |             1 |   - | -                  |
| -  Credit and Lending                               |            53 |          54 |          49 |             4 |   8 | -                  |
| -  Other2                                           |            22 |          42 |          31 |            -9 | -29 | -                  |
| Revenue excluding notable items                     |         3,003 |       3,012 |       2,877 |           126 |   4 | -                  |
| Notable items                                       |             - |           - |           - |             - |   - | -                  |
| Revenue                                             |         3,003 |       3,012 |       2,877 |           126 |   4 | -                  |
| RoTE (annualised) (%)                               |          22.8 |             |        26.4 |               |     |                    |

1 For a description of how we derive banking NII, see page 16 . In the UK business, there are no adjustments to net interest income to derive banking NII.

2 Includes revenue from Markets Treasury. It also includes other non-product specific income and notional tax credits.

3 Impact of strategic transactions classified as material notable items. For further details, see 'Strategic transactions supplementary analysis' on page 26 .

| Notable items                                         | Quarter ended 
   31 Mar 2025 | 31 Dec 2024 | 31 Mar 2024 |
|:------------------------------------------------------|--------------:|------------:|------------:|
|                                                       |            $m |          $m |          $m |
| Operating expenses                                    |               |             |             |
| Disposals, wind-downs, acquisitions and related costs |             - |           4 |           - |
| Restructuring and other related costs                 |            -4 |           1 |           2 |
| Currency translation on operating expenses notable    
 items                                                 |             - |           - |           - |

1Q25 compared with 1Q24

Profit before tax of $1.6bn was $0.1bn or 6% lower than in 1Q24 on a constant currency basis. The rise in revenue was primarily from higher banking NII, including the benefit of our structural hedge, which was more than offset by higher ECL charges and growth in operating expenses.

Revenue of $3.0bn was $