Slide 1: Q3 2025 Interim Management Statement
2024 Results Lloyds Banking Group 20th February 2025 Q3 2025 Interim Management Statement Lloyds Banking Group 23 October 2025 1
Slide 2: Continuing to deliver; confident in our outlook
Continuing to deliver; confident in our outlook Purpose Continued strategic delivery for customers and wider stakeholders Helping Robust financial performance, with strong capital generation Britain Prosper 2025 guidance improved excluding Q3 motor finance charge; confident in 2026 Lloyds Banking Gr
Slide 3: Continued strategic progress
Continued strategic progress Comprehensive offering: c.£17bn AuA, >300 advisors, 60k clients Full acquisition of Schroders Compelling rationale: Differentiated, integrated banking and investment proposition Personal Wealth Re-branding to Lloyds Wealth and scaling: To >3m mass affluent and >4m workpl
Slide 4: Robust financial performance
Robust financial performance Financial performance (£m) Q3 2025 Q3 2024 YoY Q3 vs Q2 YTD YTD % 2025 2025 % Net interest income 10,106 9,569 6 3,451 3 • YTD stat PAT £3.3bn; RoTE 11.9% (14.6% excl. motor Other income 4,526 4,164 9 1,557 3 provision) Operating lease depreciation (1,075) (994) (8) (365
Slide 5: Continued strength in customer franchise
Continued strength in customer franchise Q3 lending change (£bn) Q3 deposit change (£bn) Retail Commercial Retail Commercial +£5.1bn/+1% +£1.3bn/+1% +£0.3bn/+0% +£2.4bn/+1% • Lending £477.1bn, up £6.1bn in Q3; up £18bn / 4% YTD o Mortgages up £3.1bn QoQ 3.1 o Continued growth in Cards, Loans, Motor,
Slide 6: Sustained growth in NII
Sustained growth in NII Net interest income and banking net interest margin (£bn, bps) £3.36bn £3.45bn 4 1 (2) (1) 306 304 • YTD NII £10.1bn, up 6% YoY • Q3 NII £3.5bn, up 7% YoY, up 3% QoQ Q2 2025 Structural hedge Mortgages Deposits Funding, capital & Q3 2025 other o NIM 306bps, up 2bps QoQ, driven
Slide 7: Broad based momentum in OOI
Broad based momentum in OOI Other income (£m) + 9% YoY + 9% 2-year CAGR • YTD OOI £4.5bn, up 9% YoY 1,557 • Q3 OOI £1.6bn, up 9% YoY, up 3% QoQ; broad based 1,517 1,340 1,394 1,430 1,433 1,452 momentum 1,299 1,286 o Strength in Motor, General Insurance and LBG Equity Investments Q3 2023 Q4 2023 Q1 2
Slide 8: Ongoing cost discipline
Ongoing cost discipline Operating costs (£bn) + 3% (+2% excl. severance) 0.2 0.2 0.2 7.2 7.0 • YTD operating costs £7.2bn, up 3% YoY (0.4) o Excluding increased severance taken YTD, up 2% YoY o Includes impact of NIC changes, equivalent to c.£0.1bn Q3 2024 YTD Cost savings Pay & inflation Investment
Slide 9: Motor finance commissions update
Motor finance commissions update Motor finance provision (£m) Total provision: 1,950 800 New additional provision • £800m provision in Q3 2025 reflects FCA consultation proposals announced 7 October o Proposals represent adverse end of previously modelled 1,150 Previous provision scenarios o More ca
Slide 10: Strong asset quality
Strong asset quality Impairment (£m) Q3 2025 Q3 2024 YoY Q3 QoQ YTD YTD £m 2025 £m Charge (credit) pre updated MES1 591 597 6 140 37 Retail 627 592 (35) 201 21 Commercial Banking (36) 16 52 (61) 15 Other - (11) (11) - 1 • Strong asset quality, reflecting prudent lending and healthy customer behaviou
Slide 11: Strengthening RoTE excl. motor, alongside TNAV growth
Strengthening RoTE excl. motor, alongside TNAV growth Statutory profit (£m) Q3 2025 Q3 2024 YoY QoQ Q3 2025 YTD YTD % % Underlying profit 4,851 5,350 (9) 1,290 (36) Restructuring (16) (21) 24 (7) (40) • YTD RoTE 11.9% (14.6% excl. motor provision); Q3 7.5% Volatility and other items (157) (182) 14 (
Slide 12: Strong capital generation
Strong capital generation Risk weighted assets (£bn) - 2.3 9.3 (0.5) (3.4) 232.3 224.6 • RWAs £232.3bn, up £7.7bn YTD, up £0.9bn QoQ o Strength in lending partly offset by optimisation 2024 Underlying Credit / CRD IV1 Market risk Optimisation Q3 2025 • Strong YTD capital generation: 110bps (141bps e
Slide 13: Continuing to deliver; confident in our outlook
Continuing to deliver; confident in our outlook Continued strategic delivery for customers and wider stakeholders Robust financial performance, with strong capital generation 2025 guidance improved excluding Q3 motor finance charge; confident in 2026 2025 2025 (excl. motor) 2026 Net interest income
Slide 14: Q&A
Q&A
Slide 15: Appendix
Appendix
Slide 16: Quarterly P&L and key ratios
Quarterly P&L and key ratios (£m) Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Net interest income 3,451 3,361 3,294 3,276 3,231 3,154 3,184 3,317 3,444 Other income 1,557 1,517 1,452 1,433 1,430 1,394 1,340 1,286 1,299 Operating lease depreciation (365) (355) (355) (331)
Slide 17: Updated economics scenarios
Updated economics scenarios Scenario ECL (£m) Measure (%) 2025 2026 2027 2028 2029 Ave. 25-29 GDP 1.4 1.9 1.9 1.6 1.5 1.6 Unemployment rate 4.6 3.7 3.2 3.1 3.1 3.6 HPI growth 1.1 4.8 7.0 6.3 5.5 4.9 Upside (30%) 2,656 CRE price growth 2.7 7.5 3.7 2.4 1.4 3.5 UK Bank Rate 4.19 4.30 4.72 4.95 5.12 4.6
Slide 18: Investor Relations contacts
Investor Relations contacts Douglas Radcliffe Sarah Robson Group Investor Relations Director Senior Manager, Investor Relations +44 (0)20 7356 1571 +44 (0)7494 513 983 Douglas.Radcliffe@lloydsbanking.com Sarah.Robson2@lloydsbanking.com Nora Thoden Tom Grantham Director, Investor Relations – ESG Seni
Slide 19: Disclaimer
Disclaimer Important notice The information, statements, views and opinions contained in this document and accompanying discussion (“this Presentation”) are for informational and reference purposes only. This Presentation has been provided by the Group (defined below). This Presentation does not pur