Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 19

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 19
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 . 3Q25 compared with 3Q24 – performance commentary Reported profit before tax of $7.3bn was $1.2bn lower compared with 3Q24, reflecting the recognition of legal provisions of $1.4bn in 3Q25 on historical matters that are classified as notable items. This was partly offset by r evenue growth of $0.8bn or 5% , with strong performances in fee and other income in Wealth in our IWPB and Hong Kong business segments, while fee and other income fell in Global Foreign Exchange and Debt and Equity Markets in CIB. Reported profit after tax of $5.5bn fell by 18% compared with 3Q24. On a constant currency basis, profit before tax of $7.3bn was 15% lower compared with 3Q24. Reported revenue of $17.8bn was $0.8bn or 5% higher than in 3Q24. The rise in revenue was driven by higher fee and other income in Wealth, mainly from strong performances in Insurance from a higher contractual service margin (‘CSM‘) release and favourable experience variances, and in investment distribution supported by increased customer activity. This was partly offset by a reduction in fee and other income in Global Foreign Exchange of $0.1bn and in Debt and Equity Markets, reflecting lower client activity due to market uncertainty on the path of interest rates . The increase in revenue included a net favourable movement in notable items of $0.1bn . This included the non-recurrence of a $0.3bn loss in 3Q24 on the early redemption of legacy securities, and in 3Q25, a loss on the planned disposal of our UK life insurance entity.

| HSBC Holdings plc Earnings Release 3Q25 on Form 6-K |
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NII increased by $1.1bn compared with 3Q24, which included a benefit from the non-recurrence of a $0.3bn loss in 3Q24 on the early redemption of legacy securities, classified as a notable item. The rise also reflected deposit growth and the benefit of our structural hedge, partly offset by a reduction of $0.3bn due to the disposal of our business in Argentina. The fall in interest rates reduced the funding costs of the trading book compared with 3Q24 by $0.7bn , resulting in an increase in banking NII of $0.2bn to $