Company: LLOBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001654954-25-012079
Chunk: 3

Company: Lloyds Banking Group plc
Filing Date: 2025-10-23
Form: 6-K
Chunk 3
---
 |     |   124,952 |     |      5 |     |   122,064 |     |      8 |
| Liabilities arising from non-participating investment           
 contracts                                                       |    56,267 |     |    52,285 |     |      8 |     |    51,228 |     |     10 |
| Other liabilities                                               |    27,890 |     |    27,704 |     |      1 |     |    30,644 |     |     -9 |
| Subordinated liabilities                                        |    10,936 |     |    10,661 |     |      3 |     |    10,089 |     |      8 |
| Total liabilities                                               |   891,831 |     |   872,411 |     |      2 |     |   860,809 |     |      4 |
| Total equity                                                    |    45,633 |     |    46,871 |     |     -3 |     |    45,888 |     |     -1 |
| Total equity and liabilities                                    |   937,464 |     |   919,282 |     |      2 |     |   906,697 |     |      3 |

### REVIEW OF PERFORMANCE A

#### Income statement A
The Group’s statutory profit before tax for the first nine months of 2025 was £4,678 million. This included higher total income and a charge for motor finance commission arrangements in the third quarter. Profit after tax was £3,322 million and earnings per share was 4.8 pence (nine months to 30 September 2024: £3,777 million and 5.3 pence respectively).

The Group’s underlying profit was £4,851 million in the first nine months of 2025 (nine months to 30 September 2024: £5,350 million). Higher net income was more than offset by the charge for motor finance in the third quarter and a higher underlying impairment charge given a significant release from an improved economic outlook in 2024. Underlying profit in the third quarter of 2025 was £1,290 million, down 36% compared to the second quarter, or up 3% excluding the charge for motor finance, given strengthening income.

Net income of £13,557 million was up 6% compared to the first nine months of 202