Company: HBCYF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001654954-25-008629
Chunk: 6

Company: HSBC HOLDINGS PLC
Filing Date: 2025-07-30
Form: 6-K
Chunk 6
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4.8bn gain on disposal of our banking business in Canada, inclusive of a $0.3bn gain on the foreign exchange hedging of the sale proceeds, the recycling of $0.6bn in foreign currency translation reserve losses and $0.4bn of other reserves recycling losses. This was partly offset by a $1.2bn impairment recognised in relation to the sale of our business in Argentina.

3 Amounts in 'Revenue' and 'Dilution loss of interest in BoCom associate' include a loss of $1.1bn inclusive of reserves recycling as a result of the dilution of our shareholding in BoCom. We have also recognised a $1.0bn impairment loss following an impairment test on the carrying value of the Group's investment in BoCom in 'Share of profit in associates and joint ventures less impairment' and 'Impairment losses of interest in BoCom associate'. See Note 10 on page 95 of the Interim Report 2025.

4 Constant currency performance is computed by adjusting reported results of comparative periods for the effects of foreign currency translation differences, which distort period-on-period comparisons.

5 Amounts relate to restructuring provisions recognised in 2025 as well as reversals of restructuring provisions recognised during 2022.

Group CEO's shareholder letter

#### Dear fellow shareholders,
In my first letter to you I set out a clear vision to unlock HSBC's full potential. It is built on the principle of becoming a simple, more agile, focused organisation to better serve our customers. This mission has become even more important as the world in which we operate becomes even more uncertain.

By being mission-focused we intend to build on our strong foundations and hallmark financial strength, growing in areas of core competitive advantage while remaining true to our values. This will help us to achieve our refreshed ambition of becoming the most trusted bank globally, putting customers at the heart of everything we do.

We are making positive progress.

#### Strong performance
We performed strongly in the first half, delivering an annualised return on tangible equity ('RoTE') of 14.7%, or 18.2% excluding the impact of notable items.

Our four businesses performed strongly with revenue growing in each. We are investing in customer experience, accelerating growth in strategic activities and harnessing the power of technology to change the way we work to increase productivity.

In our Hong Kong home market, we attracted a further 600,000 new to bank customers in the first six months. We also grew deposits by 9% over the