Slide 1: Q2 2025 Results Presentation
Q2 2025 Results Presentation 29th July 2025
Slide 2: Group performance against financial targets; on the path to 2026 delivery
Group performance against financial targets; on the path to 2026 delivery Barclays Q2 2025 Results July 2025 2 Targets Q225 actuals H125 actuals 2025 guidance 2026 targets Statutory RoTE 12.3% 13.2% c.11% >12% Progressive At least £10bn3 Total payout £1.4bn1 (up 21% vs. H124) increase vs 20242 2024-
Slide 3: Q225 performance summary
Q225 performance summary Barclays Q2 2025 Results July 2025 3 Q225 Statutory RoTE Barclays UK 19.7% FY26 target: high teens% Execution progress UK Corporate Bank 16.6% FY26 target: high teens% Realised c.£200m of c.£500m expected FY25 gross Private Bank & Wealth 31.9% cost efficiency savings (c.£350
Slide 4: Halfway through the plan, confident in achieving our targets
Halfway through the plan, confident in achieving our targets Barclays Q2 2025 Results July 2025 4 Confident in achieving our 2025 guidance and 2026 RoTE target Progress towards a more balanced Group Group RoTE Risk weighted assets (£bn) 343 353 £17bn of c.£30bn UK business UK businesses 102 119 grow
Slide 5: Barclays Group Q225 and H125
Barclays Group Q225 and H125 Barclays Q2 2025 Results July 2025 5 Q225 H125 12.3% £2.5bn 13.2% £5.2bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q224: 9.9%1 Q224: £1.9bn H124: 11.1%1 H124: £4.2bn £7.2bn £0.5bn £14.9bn £1.1bn Income Impairment Income Impairment Q224: £6.3bn Q22
Slide 6: Group delivered Q225 RoTE of 12.3%; Profit Before Tax up 28% YoY
Group delivered Q225 RoTE of 12.3%; Profit Before Tax up 28% YoY Barclays Q2 2025 Results July 2025 6 +28% Group RoTE (%) Profit before tax (£m) Positive jaws +4% (1.5) 2,503 2,484 3.7 (0.5) 1,964 1,938 (1.3) 1,531 1,499 359 1.9 Includes c.70bps from Q219 Q220 Q221 Q222 Q223 Q224 Q225 less negative
Slide 7: Income up 14% YoY; more stable income streams 73% of Group income
Income up 14% YoY; more stable income streams 73% of Group income Barclays Q2 2025 Results July 2025 7 Group income (£bn) +14% YoY +9% excl. inorganic activity1 YoY QoQ 7.7 7.2 +14% -7% 0.6 More stable income streams 6.3 6.3 0.6 -16% -12% Banking fees & underwriting 0.5 0.7 1.8 1.4 +34% -23% 73% Int
Slide 8: Group NII of £3.1bn, up 12% YoY; FY25 guidance of >£12.5bn
Group NII of £3.1bn, up 12% YoY1; FY25 guidance of >£12.5bn Barclays Q2 2025 Results July 2025 8 Net interest income (£bn) +12% YoY 3.0 3.1 2.8 2.7 2025 Group NII (excl. IB and HO) guidance: >£12.5bn UK Corporate Bank, 1.2 1.2 2025 Barclays UK NII guidance: >£7.6bn Private Bank & Wealth 1.1 1.1 Mana
Slide 9: £2.8bn structural hedge income in H125
£2.8bn structural hedge income in H125 Barclays Q2 2025 Results July 2025 9 Gross hedge 14.0 expected to deliver multiyear income growth beyond 2026 4.1% 4.0% Q225: 3.7% 12.0 3.4% 10.0 Q225: 2.5% GBP 5yr 1.0% 2.0% swap 08.0 rate1 +c.£1bn 1.5% Average 0.9% +>£1bn 0.7% hedge yield 06.0 2 +£1.1bn +£1.4
Slide 10: 59% cost: income ratio in Q225; FY25 guidance of c.61%
59% cost: income ratio in Q225; FY25 guidance of c.61% Barclays Q2 2025 Results July 2025 10 Cost: income ratio Group total costs (£m) Q223 Q224 Q225 2026 target Efficiency savings partially offsetting inflation, regulation & control spend and business growth Group 63% 63% 59% High 50s% c.801 c.100
Slide 11: Q225 LLR of 44bps; maintaining through the cycle guidance of 50-60bps
Q225 LLR of 44bps; maintaining through the cycle guidance of 50-60bps Barclays Q2 2025 Results July 2025 11 190 Loan loss rate (bps) Impairment charge (£m) 800 636 US Consumer Bank 610 582 562 600 264 309 312 438 456 140 411 411 395 Q223 Q224 Q225 400 Group 200 90 372 384 469 661 61 Q223 Q224 Q225 5
Slide 12: Lower delinquencies in US cards in line with normal seasonal trend
Lower delinquencies in US cards in line with normal seasonal trend Barclays Q2 2025 Results July 2025 12 30 day US cards delinquencies 2.7% 2.9% 3.1% 2.9% 3.0% 3.0% 3.0% 2.8% 2.4% 90 day US cards delinquencies 1.5% 1.7% 1.6% 1.6% 1.6% 1.6% 1.6% 1.2% 1.3% USCB loan loss rate (bps)1 411 582 636 610 43
Slide 13: On track for c.£30bn UK RWA growth with organic momentum
On track for c.£30bn UK RWA growth with organic momentum Barclays Q2 2025 Results July 2025 13 Net mortgage growth following contraction Card acquisitions driving balance growth HLTV mix1 13% 15% 14% 18% 22% 26% Card 278 243 251 2882 3862 3742 acquisitions (k) 15.0 15.0 15.7 9.8 10.2 10.6 8.1 8.5 6.
Slide 14: Barclays UK Q225 and H125
Barclays UK Q225 and H125 Barclays Q2 2025 Results July 2025 14 Q225 H125 19.7% £0.8bn 18.6% £1.6bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q224: 22.3% Q224: £0.8bn H124: 20.4% H124: £1.5bn £2.1bn £1.9bn £4.2bn £3.7bn Income Net Interest Income Income Net Interest Income Q2
Slide 15: Barclays UK delivered Q225 RoTE of 19.7%
Barclays UK delivered Q225 RoTE of 19.7% Barclays Q2 2025 Results July 2025 15 Includes Tesco Bank integration RoTE (%) Income by business (£m) YoY Total costs (£m) and run-rate costs 2,074 2,119 +12% 1,961 1,887 Business 501 520 +7% YoY 480 485 Banking 1,085 1,045 1,160 1,195 +14% Retail 1,481 1,40
Slide 16: Competitive savings deposit trends; another quarter of loan growth
Competitive savings deposit trends; another quarter of loan growth Barclays Q2 2025 Results July 2025 16 Barclays UK deposit balances and mix (£bn) Barclays UK loans and advances1 (£bn) -£0.5bn -£0.5bn +£8.0bn2 -£1.1bn -£1.8bn -£2.1bn +£0.6bn +£8.4bn2 +£1.9bn +£1.6bn YoY YoY 244 243 241 +2% 208 210
Slide 17: UK Corporate Bank Q225 and H125
UK Corporate Bank Q225 and H125 Barclays Q2 2025 Results July 2025 17 Q225 H125 16.6% £0.2bn 16.8% £0.4bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q224: 18.0% Q224: £0.2bn H124: 16.6% H124: £0.4bn £0.5bn £0.3bn £1.0bn £0.5bn Income Costs Income Costs Q224: £0.4bn Q224: £0.2b
Slide 18: UK Corporate Bank delivered Q225 RoTE of 16.6%
UK Corporate Bank delivered Q225 RoTE of 16.6% Barclays Q2 2025 Results July 2025 18 RoTE (%) Income by product (£m) YoY Income by type (£m) YoY 32.9 484 519 +17% 519 +17% 472 443 472 484 Corporate 443 80 90 +58% RoTE pre £84m 68 57 160 +9% lending 173 142 impairment release: Non-NII 147 8.7 impact
Slide 19: Private Bank & Wealth Management Q225 and H125
Private Bank & Wealth Management Q225 and H125 Barclays Q2 2025 Results July 2025 19 Q225 H125 31.9% £0.1bn 33.2% £0.2bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q224: 30.8% Q224: £0.1bn H124: 29.7% H124: £0.2bn £0.3bn £0.2bn £0.7bn £0.5bn Income Costs Income Costs Q224: £0.
Slide 20: Private Bank & Wealth Management delivered Q225 RoTE of 31.9%
Private Bank & Wealth Management delivered Q225 RoTE of 31.9% Barclays Q2 2025 Results July 2025 20 RoTE (%) Income by type (£m) YoY Total costs (£m) 320 349 348 +9% 299 RoTE pre WM&I1 transfer: 145 145 +9% YoY 35.9 Non-NII 113 133 negative impact c.2.2% 2.2 219 236 238 +9% 182 NII 186 187 204 203 +
Slide 21: Investment Bank Q225 and H125
Investment Bank Q225 and H125 Barclays Q2 2025 Results July 2025 21 Q225 H125 12.2% £1.3bn 14.2% £3.0bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q224: 9.6% Q224: £1.1bn H124: 10.8% H124: £2.4bn £3.3bn £1.9bn £7.2bn £4.0bn Income Costs Income Costs Q224: £3.0bn Q224: £1.9bn H
Slide 22: Investment Bank delivered Q225 RoTE of 12.2%
Investment Bank delivered Q225 RoTE of 12.2% Barclays Q2 2025 Results July 2025 22 RoTE (%) Income by business (£m)1 3,873 YoY 3,307 +10% Banking fees & 3,019 644 2,743 -16% underwriting 568 472 679 Intermediation 1,826 1,408 +34% 937 1,051 Financing International 8122 794 836 912 +15% Corporate Ban
Slide 23: Income up 10% YoY; strong performance in Global Markets
Income up 10% YoY; strong performance in Global Markets Barclays Q2 2025 Results July 2025 23 Global Markets Investment Banking Income (£m) Fees and underwriting (£m) International Corporate Bank income +26% YoY (£m) +34% USD -16% YoY -10% USD -15% YoY 2,662 YoY 679 YoY 2,320 644 567 YoY 550 522 963
Slide 24: US Consumer Bank Q225 and H125
US Consumer Bank Q225 and H125 Barclays Q2 2025 Results July 2025 24 Q225 H125 10.2% £0.1bn | $0.2bn 7.3% £0.2bn | $0.2bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q224: 9.2% Q224: £0.1bn | $0.1bn H124: 7.2% H124: £0.2bn | $0.2bn $33.9bn £0.8bn | $1.1bn $33.9bn £1.7bn | $2.2b
Slide 25: US Consumer Bank delivered Q225 RoTE of 10.2%
US Consumer Bank delivered Q225 RoTE of 10.2% Barclays Q2 2025 Results July 2025 25 YoY RoTE (%) Income by type (£m) Total costs (£m) 0% 819 864 823 +7% USD 767 173 186 183 +6% YoY Non-NII 145 +13% USD 405 410 410 396 -3% NII 646 678 640 -1% +4% USD 7.7 622 +6% USD Q223 Q224 Q125 Q225 Q223 Q224 Q125
Slide 26: Robust capital position with 14.0% CET1 ratio
Robust capital position with 14.0% CET1 ratio Barclays Q2 2025 Results July 2025 26 Q225 CET1 ratio movements (8bps) 47bps (29bps) 5bps c.(30bps) H125: c.100bps capital generation 14.0% 13.9% 13.7% Q125 Attributable Dividend RWA Other Q225 H125 announced Q225 rebased profit accrual excl. FX incl. FX
Slide 27: Group RWAs broadly flat quarter-on-quarter
Group RWAs broadly flat quarter-on-quarter Barclays Q2 2025 Results July 2025 27 Risk weighted assets (£bn) IB % of £1.2bn decrease Group: 59% 58% 56% driven by FX 56% 1.1 1.1 (0.1) 0.5 (0.9) (0.1) £4.4bn decrease driven by FX 351.4 351.3 353.0 336.9 Q223 Q224 Q125 Barclays UK UK Corporate Private B
Slide 28: Consistent capital and liquidity over time
Consistent capital and liquidity over time Barclays Q2 2025 Results July 2025 28 Historical performance 13.8% 14.0% 13-14% target CET1 ratio 12.2% MDA 2019 2020 2021 2022 2023 2024 Q225 82% 74% Loan: deposit Prudent LDR over time ratio 2019 2020 2021 2022 2023 2024 Q225 178% Average Liquidity 155% >
Slide 29: TNAV growth +12 pence QoQ and +44 pence YoY
TNAV growth +12 pence QoQ and +44 pence YoY Barclays Q2 2025 Results July 2025 29 QoQ TNAV movements (pence per share) 10 1 9 (8) 351 357 372 372 382 383 384 384 Q324 Q424 Q125 Attributable profit¹ Share buyback Cash flow Other² Q225 hedge reserve YoY TNAV movements (pence per share) 41 4 (8) 18 (11
Slide 30: Group performance against financial targets; on the path to 2026 delivery
Group performance against financial targets; on the path to 2026 delivery Barclays Q2 2025 Results July 2025 30 Targets Q225 actuals H125 actuals 2025 guidance 2026 targets Statutory RoTE 12.3% 13.2% c.11% >12% Progressive At least £10bn3 Total payout £1.4bn1 (up 21% vs. H124) increase vs 20242 2024
Slide 31: Why Barclays
Why Barclays Barclays Q2 2025 Results July 2025 31 1 High returning UK retail and corporate franchises 2 Top-tier global Investment Bank with focus and scale, operating in core UK and US markets 3 Multiple levers to allocate capital in a disciplined way to drive growth within higher returning divisi
Slide 32: Q&A
Q&A
Slide 33: Appendix
Appendix
Slide 34: Plan based on unchanged realistic scenarios
Plan based on unchanged realistic scenarios Barclays Q2 2025 Results July 2025 34 GBP 5-year swap rate UK bank rate US Unemployment 13th Feb 4.75% 4.4% 4.4% 4.1% Market 3.9% 2025 implied1 3.7% Consensus1 Consensus1 4.0% 4.3% 4.3% 3.75% 13th Feb 13th Feb 3.50% 2025 2025 3.4% 3.4% 3.35% 2024 2025 2026
Slide 35: Structural hedge notional and income allocation to businesses
Structural hedge notional and income allocation to businesses Barclays Q2 2025 Results July 2025 35 Structural hedge notional (£bn) Illustrative structural hedge income allocation Product hedge Equity hedge 263 allocation allocation1 246 239 228 234 232 232 232 Barclays UK c.85% 22% UK Corporate Ban
Slide 36: Head Office Q225
Head Office Q225 Barclays Q2 2025 Results July 2025 36 Income (£m) 43 (164) German 77 Cards1 91 65 35 71 Payment 91 Acceptance2 67 68 73 (2) (38) (82) Other3 (125) Inorganic (240) activity4 Loss Before Tax (221) (372) (131) (116) Q223 Q224 Q125 Q225 Q223 Q224 Q125 Q225 1 German Cards is no longer pa
Slide 37: Global Markets risk managed prudently
Global Markets risk managed prudently Barclays Q2 2025 Results July 2025 37 Global Markets: VaR Global Markets: Daily trading income distribution2 Russia/ US banking £60m Pandemic Ukraine crisis Average H1: 2019-24 H125 £40m Two loss days Average in H125 VaR1 £23m £20m <£0m £0-15m £16-30m £31-50m £5
Slide 38: Long-term prudent risk positioning in our credit card portfolios
Long-term prudent risk positioning in our credit card portfolios Barclays Q2 2025 Results July 2025 38 UK cards US cards 15.1 15.7 22.5 22.8 24.0 23.3 21.3 11.5 17.1 9.3 10.2 Net L&A1 (£bn) 8.8 8.8 Net L&A1 (£bn) 14.1 16.0% 13.9% 10.9% 14.2% 10.9% 12.4% 9.0% 11.1% 10.1% 7.1% 6.1% 8.1% 8.4% Total cov
Slide 39: Our US Cards book is high quality and stable, with no signs of stress
Our US Cards book is high quality and stable, with no signs of stress Barclays Q2 2025 Results July 2025 39 US consumer indebtedness lower versus historic levels1 Our book is positioned in the super-prime segment 2008 crisis Pandemic 790 10% 25% Super-prime 740 8% 20% Prime Q225 USCB 690 6% 15% aver
Slide 40: Long track record of growth and returns in USCB
Long track record of growth and returns in USCB Barclays Q2 2025 Results July 2025 40 Why partners choose Barclays Long term mid-teens RoTE business 40 Covid-19: 25% 22% impacted by impairment 18% reserve build 20% 16% 17% 16% 30 15% 18% 17% 13% Avg 15% 20+ years of expertise in specialised partner
Slide 41: Well provisioned balance sheet
Well provisioned balance sheet Barclays Q2 2025 Results July 2025 41 Balance sheet provisions for ECL (£bn) Credit impairment charges (£m) 5.6 5.4 643 0.4 0.4 Off-balance sheet 158 469 19 Includes 72 79 Barclays UK £36m PMA2 On-balance sheet 12 UK Corporate Bank 5.1 5.0 67 Investment Bank Includes £
Slide 42: Resilient mortgage book with customers proactively locking in rates
Resilient mortgage book with customers proactively locking in rates Barclays Q2 2025 Results July 2025 42 Mortgage portfolio Maturity profile • 53.8% average balance weighted LTV of mortgage stock • 13% of total balances maturing in FY253 o 40.4% average valuation weighted LTV • Increased HLTV mix1:
Slide 43: Risk transfer transactions enhance Barclays' risk management capabilities
Risk transfer transactions enhance Barclays’ risk management capabilities Barclays Q2 2025 Results July 2025 43 Purpose Barclays transfers c.£50bn1 risk via a variety of structures • The banking book has inherent credit UK Corporate Bank and Investment Bank Corporate risk, driving risk weight densit
Slide 44: Risk transfer activities focused on corporate loans and credit cards
Risk transfer activities focused on corporate loans and credit cards Barclays Q2 2025 Results July 2025 44 Corporate loans US credit cards • Colonnade programme established in 2016 • Initiated risk transfer in Q124 to help optimise • Deployed against exposure in the UK Corporate Bank and Investment
Slide 45: Prudently managed LCR supported by a highly liquid balance sheet
Prudently managed LCR supported by a highly liquid balance sheet Barclays Q2 2025 Results July 2025 45 Average LCR1 Average NSFR2 70% of Liquidity Pool held in cash HTC 172% 175% 178% 137% 138% 135% 136% 136% £29bn 156% 161% 9% FVOCI £71bn 21% FY22 FY23 FY24 Q125 Q225 FY22 FY23 FY24 Q125 Q225 Liquid
Slide 46: CET1 ratio in relation to our minimum requirements
CET1 ratio in relation to our minimum requirements Barclays Q2 2025 Results July 2025 46 Q225: CET1 minimum requirements MDA 12.2% CCyB 1.0% CCB 2.5% • Plan to operate towards the upper half of our 13-14% CET1 target G-SII 1.5% range, as we have been doing 14.0% • Continue to have flexibility to man
Slide 47: Operating with a prudent buffer to each tier of capital requirements
Operating with a prudent buffer to each tier of capital requirements Barclays Q2 2025 Results July 2025 47 Q225: AT1 and T2 needs managed on a total capital basis Balanced total capital structure • Operating with prudent buffers at each part of the capital stack 20.5% to manage FX and RWA movements
Slide 48: Appendix: Barclays UK
Appendix: Barclays UK Barclays Q2 2025 Results July 2025 48 Income by business (£m) 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Retail Banking 1,500 1,481 1,403 1,309 1,357 1,402 1,433 2,0782 1,573 1,599 Of which: UK Cards1 247 237 238 242 229 228 249 296 292 279 Business Banking 461 480 470 483 46
Slide 49: Non-IFRS performance measures
Non-IFRS performance measures Barclays Q2 2025 Results July 2025 49 Group: Return on average tangible shareholders’ equity USCB: Return on average allocated tangible equity1 Last 12 Statutory (£m) Q324 Q424 Q125 Q225 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 months Profit
Slide 50: Macroeconomic variables
Macroeconomic variables Barclays Q2 2025 Results July 2025 50 Assumptions 2024 2025 2026 UK GDP2 0.8% 1.3% 1.4% UK unemployment3 4.3% 4.4% 4.5% UK bank rate4 4.75% 3.75% 3.50% Sterling 5-year swap rate5 4.05%6 3.42% 3.39% UK inflation7 2.5% 2.1% 2.2% Plan US GDP2 2.8% 1.8% 2.0% (13th February 2025)
Slide 51: Disclaimer
Disclaimer Barclays Q2 2025 Results July 2025 51 Important Notice The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation, an offer to s
Slide 52: Contact details, upcoming events and useful presentations
Contact details, upcoming events and useful presentations Investor Relations Upcoming events barclays.ir@barclays.com 22nd October 2025 Q325 results 10th February 2026 Q425 results Useful presentations Progress Update 2025 Link Private Bank and Wealth Management deep dive Link Investment Banking dee