Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 3

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 3
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6bn      |
| Common equity tier 1 ratio        | 13.8%         |     | 14.2%         |
| Tier 1 capital ratio              | 16.1%         |     | 16.6%         |
| Total capital ratio               | 19.0%         |     | 19.0%         |

| Page 5 of74 |

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

FINANCIAL REVIEW Income statement The Group’s statutory profit before tax for the first half of 2025 was £ 3,504 million, 5% higher than in the first half of 2024 . This was driven by higher total income, partially offset by a higher impairment charge. Profit after tax was £ 2,544 million and earnings per share was 3.8 pence (half-year to 30 June 2024 : £ 2,444 million and 3.4 pence respectively). Total income for the half-year of 2025 was £ 9,386 million, an increase of 6% on the same period in 2024 ( half-year to 30 June 2024 : £ 8,876 million). Net interest income of £ 6,478 million was up 7% on the prior year ( half-year to 30 June 2024 : £ 6,046 million), driven by higher average interest-earning assets and a higher margin, which benefitted from a growing structural hedge contribution as balances have been reinvested in a higher rate environment, partially offset by continued asset margin compression and deposit churn headwinds. Other income increased by 3% to £ 2,908 million ( half-year to 30 June 2024 : £ 2,830 million), with higher other operating income, partly offset by lower net fee and commission income. Other operating income increased by 12% to £ 1,015 million ( half-year to 30 June 2024 : £ 907 million) as a result of fleet growth and higher average vehicle rental values in UK Motor Finance within Retail as well as current account earnings. Alongside Insurance, Pensions and Investments which benefitted from higher general insurance income net of claims and strengthening income in Workplace. Growth in Equity Investments and Central items was driven by the Group’s equity and direct investment businesses, with strong income growth from Lloyds Living and higher income from LDC. Net fee and commission income was