Company: HBCYF
Filing Date: 2025-10-28
Form Type: 6-K
Source: 0001089113-25-000056
Chunk: 32

Company: HSBC HOLDINGS PLC
Filing Date: 2025-10-28
Form: 6-K
Chunk 32
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1 For a description of how we derive banking NII, see page 8 . In the UK business, there are no adjustments to NII to derive banking NII. 2 Includes revenue from Markets Treasury. It also includes other non-product-specific income, gains/(losses) on property disposals and notional tax credits. 3 For details of our RoTE calculation by business segment, see page 40 . 4 Impact of strategic transactions classified as material notable items. For further details, see ‘Strategic transactions supplementary analysis‘ on page 31 . Profit before tax of $4.9bn was $0.3bn or 6% lower than in 9M24 on a constant currency basis. Revenue of $9.6bn was $0.4bn or 4% higher on a constant currency basis. Banking NII of $8.2bn increased by $0.5bn or 6% , driven by the continued benefit of our structural hedge. It also reflected higher lending balances across mortgages and corporate lending and growth in deposits, in line with the increase in the overall market size, which mitigated reductions in interest rates and margin compression on mortgages. Fee and other income of $1.4bn fell by $0.1bn or 4% due to lower fees on foreign exchange transactions in Retail Banking and Wealth. ECL of $0.6bn in 9M25 increased by $0.4bn compared with 9M24 on a constant currency basis. The increase mainly reflected a more normalised level of ECL in 9M25 and the non-recurrence of allowance releases in 9M24. Operating expenses of $4.1bn increased by $0.4bn or 11% on a constant currency basis. The increase primarily reflected higher planned investment spend in technology, including on operational resilience, and an increase in restructuring and other related costs. This was partly mitigated by continued cost discipline. 3Q25 compared with 3Q24

| Results – on a constant currency basis                    | Quarter ended |             |               |     |                                 |
|:----------------------------------------------------------|--------------:|------------:|--------------:|----:|:--------------------------------|
|                                                           |               |             |      Variance |     |                                 |
|                                                           |               |             | 3Q25 vs. 3Q24 |     |                                 |
|                                                           |   30 Sep 2025 | 30 Sep 2024 |               |     | of