Company: BCS
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0001654954-25-004815
Chunk: 6

Company: BARCLAYS PLC
Filing Date: 2025-04-30
Form: 6-K
Chunk 6
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**

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Group operating costs increased 7% to £4.3bn, reflecting Tesco Bank costs, further investment spend and business growth, inflation and the c.£50m expense for the employee share grant announced at FY24 Results, partially offset by c.£150m of cost efficiency savings

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Credit impairment charges were £0.6bn (Q124: £0.5bn) with an LLR of 61bps (Q124: 51bps)

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CET1 ratio of 13.9% (December 2024: 13.6%), with risk weighted assets (RWAs) of £351.3bn (December 2024: £358.1bn) and TNAV per share of 372p (December 2024: 357p)

| 1 | Including a co-branded cards portfolio classified as assets held 
 for sale.                                                        |
| 2 | Excludes Tesco Bank to aid comparability year-on-year.           |

**Group financial guidance and targets 1 :**

#### 2025 guidance
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Returns: RoTE of c.11%

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Capital returns: progressive increase in total capital returns versus 2024

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Income: Group NII excluding IB and Head Office of greater than £12.5bn, of which Barclays UK NII of greater than £7.6bn

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Costs : Group cost: income ratio of c.61%. This includes total gross efficiency savings of c.£0.5bn in 2025

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Impairment: LLR of 50-60bps through the cycle

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Capital: CET1 ratio target range of 13-14%

#### 2026 targets
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Returns : RoTE of greater than 12%

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Capital returns: plan to return at least £10bn of capital to shareholders between 2024 and 2026, through dividends and share buybacks, with a continued preference for buybacks

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Plan to keep total dividend stable at 2023 level in absolute terms, with progressive dividend per share growth driven through share count reduction as a result of increased share buybacks

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Dividends will continue to be paid semi-annually. This multi-year plan is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14%

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Income: Group total income of c.£30bn

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Costs: