Company: LLOBF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001654954-25-001688
Chunk: 1

Company: Lloyds Banking Group plc
Filing Date: 2025-02-20
Form: 6-K
Chunk 1
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                     | 51 |
| Consolidated                                       
 cash flow statement                                | 53 |
| Notes                                              
 to the condensed consolidated financial statements | 54 |
| Key                                                
 dates                                              | 66 |
| Basis                                              
 of presentation                                    | 66 |
| Forward-looking                                    
 statements                                         | 67 |
| Contacts                                           | 68 |

#### Alternative performance measures
The Group uses a number of alternative performance measures, including underlying profit, in the description of its business performance and financial position. These measures are labelled with a superscript 'A' throughout this document, with the exception of content on pages 1 to 2 and pages 7 to 9 which is, unless otherwise stated, presented on an underlying basis. Further information on these measures is set out on page 27.

#### Forward-looking statements
This news release contains forward-looking statements. For further details, reference should be made to page 67.

### RESULTS FOR THE FULL YEAR
"In 2024 we continued to Help Britain Prosper, delivering for our customers, shareholders and wider stakeholders. We successfully completed the first phase of our ambitious and purpose-driven strategy, exceeding our revenue target and transforming our propositions and capabilities as we returned the business to growth.

The Group delivered a robust financial performance in 2024. Pleasingly and as expected, income grew in the second half of the year, supported by a rising banking net interest margin and momentum in other income. We also maintained discipline in costs, whilst asset quality remained strong. This performance enabled total shareholder distributions of £3.6 billion.

Guided by our purpose, we continue to drive positive change in areas where we can have impact at scale and create value for all of our stakeholders. We are a leading supporter of social housing, with around £20 billion of funding since 2018. We have also exceeded the ambitious sustainable finance goals we set for 2024.

Looking forward, we are building momentum as we enhance our franchise and deliver differentiated outcomes for our customers. Our strategy is transforming our capabilities, enabling us to deepen relationships with our customers, grow in high value areas and drive cross-Group collaboration. We are confident of generating more than £1.5 billion of additional income from our strategic initiatives by 2026 as we build towards higher, more sustainable returns."

Charlie Nunn, Group Chief Executive

**Delivering on our purpose-driven strategy, confident of delivering 2026 strategic outcomes

● Clear purpose to Help Britain Prosper, built on a consistent vision of being a customer-focused digital leader and integrated financial services