Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001654954-25-008460
Chunk: 58

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 58
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                                |
| Net interest income           |  6,231 |     |         278 |     |        -2 |     |             6,507 |     | Underlying net interest income |
| Other income                  |  2,896 |     |        -167 |     |       134 |     |             2,863 |     | Underlying other income        |
|                               |        |     |        -646 |     |         - |     |              -646 |     | Operating lease depreciation5  |
| Total income                  |  9,127 |     |        -535 |     |       132 |     |             8,724 |     | Net income                     |
| Operating expenses5           | -6,149 |     |         735 |     |      -132 |     |            -5,546 |     | Total costs                    |
| Impairment credit             |   -331 |     |          -1 |     |         - |     |              -332 |     | Underlying impairment credit   |
| Profit before tax             |  2,647 |     |         199 |     |         - |     |             2,846 |     | Underlying profit              |

1 In the half-year ended 30 June 2025 this comprised the effects of market and other volatility (gains of £27 million); the amortisation of purchased intangibles (£40 million); restructuring costs (£9 million); and fair value unwind (losses of £35 million).

2 In the half-year ended 30 June 2024 this comprised the effects of market and other volatility (losses of £65 million); the amortisation of purchased intangibles (£41 million); restructuring costs (£15 million); and fair value unwind (losses of £52 million).

3 In the half-year ended 31 December 2024 this comprised the effects of market and other volatility (losses of £79 million); the amortisation of purchased intangibles (£40 million); restructuring costs (£25 million); and fair value unwind (losses of £55 million).

4 Under IFRS 17, expenses which are directly associated with the fulfilment of insurance contracts are reported as part of the insurance service result within statutory other income. On an underlying basis these expenses remain within costs.

5 Net of losses on disposal of operating lease assets of £3 million (half-year to 30 June 2024; profit of £37 million; half