Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 8

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 8
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 (half-year to 30 June 2024: £ 15 million). Volatility and other items were a net loss of £ 48 million for the first half of 2025 (half-year to 30 June 2024: net loss of £ 158 million). This included £ 40 million for the amortisation of purchased intangibles (half-year to 30 June 2024: £ 41 million) and £ 35 million relating to the usual fair value unwind (half-year to 30 June 2024: £ 52 million). This was alongside a gain from market and other volatility of £ 27 million (half-year to 30 June 2024: loss of £ 65 million), including negative market volatility and the £120 million gain on sale of the Group’s bulk annuities portfolio to Rothesay Life plc.

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

DIVISIONAL RESULTS Retail Retail offers a broad range of financial services products to personal customers, including current accounts, savings, mortgages, credit cards, unsecured loans, motor finance and leasing solutions. Its aim is to build enduring relationships meeting more of its customers’ financial needs and improve their financial resilience throughout their lifetime . Retail operates the largest digital bank in the UK and improves digital experience through a mobile-first strategy, delivering market-leading products and meeting consumer duty expectations whilst working within a prudent risk appetite. Additionally, Retail has a growing mortgages and savings focused European business. Through strategic investment and increased use of data, Retail aims to deepen consumer relationships, deliver personalised propositions, broaden its intermediary offering, improve customer experience and increase operational efficiency. Strategic progress • Launched Lloyds Premier to attract, retain and deepen relationships with Mass Affluent customers; benefits include exclusive product rates and cashback, an enhanced digital experience and digital family GP subscription • UK’s largest digital bank with 20.9 million customers actively using the Group’s mobile apps; with new GenAI assisted search in the Lloyds app, which received an award for Best AI Use In Finance at The AI Awards • Over 95% of sales now through digital channels. Support from Relationship Managers now available across six product journeys in the mobile app, with c.90,000 customers accessing live in-app connections • Launched new digital remortgage journey, giving customers seamless end-to-end experience; digital applications up c.6 percentage points and valuable direct mortgage application share up c.4 percentage points