Slide 1: Q1 2025 Results Presentation
Q1 2025 Results Presentation 30th April 2025
Slide 2: Group Q125 performance against financial targets
Group Q125 performance against financial targets Barclays Q1 2025 Results April 2025 2 Targets Q125 actuals 2025 guidance 2026 targets Statutory RoTE 14.0% c.11% >12% Progressive increase At least £10bn2 Total payout vs 20241 2024-2026 Investment Bank RWAs 56% c.50% (% of Group) CET1 ratio 13.9% 13-
Slide 3: Q125 performance summary
Q125 performance summary Barclays Q1 2025 Results April 2025 3 Q125 Statutory RoTE Barclays UK 17.4% FY26 target: high teens% Execution progress UK Corporate Bank 17.1% Realised c.£150m of c.£500m expected FY25 gross FY26 target: high teens% cost efficiency savings Private Bank & Wealth 34.5% Manage
Slide 4: Barclays Group Q125
Barclays Group Q125 Barclays Q1 2025 Results April 2025 4 14.0% £2.7bn Statutory RoTE Profit before tax Q124: 12.3% Q124: £2.3bn £7.7bn £0.6bn Income Impairment Q124: £7.0bn Q124: £0.5bn 57% £4.4bn Cost: income ratio Costs Q124: 60% Q124: £4.2bn 61bps 13.0p Loan loss rate EPS Q124: 51bps Q124: 10.3p
Slide 5: Group delivered Q125 RoTE of 14.0%; Profit Before Tax up 19% YoY
Group delivered Q125 RoTE of 14.0%; Profit Before Tax up 19% YoY Barclays Q1 2025 Results April 2025 5 +19% Group RoTE (%) Profit before tax (£m) Positive jaws +6% (1.1) vs Q119 (0.8) 2,598 2,719 4.5 (0.9) 2,399 2,234 2,277 +83% 1,483 Includes c.50bps from 913 less negative cash flow hedge reserve Q
Slide 6: Income up 11% YoY; more stable income streams 68% of Group income
Income up 11% YoY; more stable income streams 68% of Group income Barclays Q1 2025 Results April 2025 6 Group income (£bn) +11% YoY More stable income streams 7.2 7.7 68% >70% 7.0 7.0 0.6 of Group income in Q125 of Group income by 2026 Banking fees & 0.6 underwriting 0.6 0.6 (68% in Q124) 0.8 1.8 In
Slide 7: Group NII of £3.0bn, up 13% YoY; FY25 guidance revised to >£12.5bn
Group NII of £3.0bn, up 13% YoY1; FY25 guidance revised to >£12.5bn Barclays Q1 2025 Results April 2025 7 Net interest income (£bn) +13% YoY 3.0 3.0 2.7 2.7 2025 Group NII (excl. IB and HO) guidance: >£12.5bn Previously: c.£12.2bn UK Corporate Bank, 1.2 1.2 • £3.0bn Group NII Q1251 Private Bank & We
Slide 8: £1.3bn structural hedge income in Q125
£1.3bn structural hedge income in Q125 Barclays Q1 2025 Results April 2025 8 Gross hedge income expected to continue to grow, including beyond 2026 10.0 4.1% 4.0% Q125: 4.0% 09.0 3.4% 08.0 07.0 Q125: 2.3% GBP 5yr swap rate1 06.0 1.0% 2.0% Average 05.0 1.5% 0.9% £10.2bn income hedge yield2 04.0 0.7%
Slide 9: 57% cost: income ratio in Q125; FY25 guidance of c.61%
57% cost: income ratio in Q125; FY25 guidance of c.61% Barclays Q1 2025 Results April 2025 9 Cost: income ratio Group total costs (£m) Efficiency savings partially Includes share Q123 Q124 Q125 2026 target offsetting inflation, reg & control grant spend and business growth Group 57% 60% 57% High 50s
Slide 10: Stable delinquency trends in US cards and seasonal increase in reserving
Stable delinquency trends in US cards and seasonal increase in reserving Barclays Q1 2025 Results April 2025 10 30 day US cards delinquencies 2.7% 2.9% 3.1% 2.9% 3.0% 3.0% 3.0% 2.3% 2.4% 90 day US cards delinquencies 1.5% 1.7% 1.6% 1.6% 1.6% 1.6% 1.2% 1.2% 1.3% USCB loan loss rate (bps)1 515 411 582
Slide 11: Q125 LLR of 61bps; maintaining through the cycle guidance of 50-60bps
Q125 LLR of 61bps; maintaining through the cycle guidance of 50-60bps Barclays Q1 2025 Results April 2025 11 800 190 Loan loss rate (bps) Impairment charge (£m) 636 US Consumer Bank 610 Post model 582 562 38 600 adjustment2 515 321 410 361 438 140 411 411 395 Q123 Q124 Q125 400 Group Post model 743
Slide 12: Barclays UK Q125
Barclays UK Q125 Barclays Q1 2025 Results April 2025 12 Targets 2026 17.4% £0.8bn RoTE High teens % Statutory RoTE Profit before tax Q124: 18.5% Q124: £0.7bn £2.1bn £1.8bn Income 2025 NII >£7.6bn Income Net Interest Income c.£7.4bn previously Q124: £1.8bn Q124: £1.5bn 56% £158m Cost: income ratio c.
Slide 13: Barclays UK delivered Q125 RoTE of 17.4%
Barclays UK delivered Q125 RoTE of 17.4% Barclays Q1 2025 Results April 2025 13 RoTE (%) Income by product (£m) YoY Costs (£m) 1,961 2,059 2,074 +14% Business 1,826 YoY Banking 537 501 +7% 461 469 Barclaycard -2% 1,094 1,215 1,160 +9% 247 231 225 1,063 Consumer UK 229 Personal 1,253 1,2911 1,3482 +2
Slide 14: Better seasonal deposit trends; another quarter of loan growth
Better seasonal deposit trends; another quarter of loan growth Barclays Q1 2025 Results April 2025 14 Barclays UK deposit balances and mix (£bn) Barclays UK loans and advances1 (£bn) -£3.9bn -£0.5bn -£0.5bn +£8.0bn2 -£1.1bn -£2.0bn -£2.1bn +£0.6bn +£8.4bn2 +£1.9bn 241 237 244 243 203 208 210 237 236
Slide 15: Leading indicators of UK lending growth strategy
Leading indicators of UK lending growth strategy Barclays Q1 2025 Results April 2025 15 Mortgages (£bn) • Q1 net lending of £2.2bn1 as new business exceeds redemptions • Maintained stock market share2, with the Gross lending 7.0 7.1 7.9 8.3 6.9 6.6 8.1 8.5 5.6 5.7 4.4 4.2 5.0 purchase market remaini
Slide 16: UK Corporate Bank Q125
UK Corporate Bank Q125 Barclays Q1 2025 Results April 2025 16 Targets 2026 17.1% £0.2bn RoTE High teens % Statutory RoTE Profit before tax Q124: 15.2% Q124: £0.2bn Deliver high-quality £0.5bn £0.3bn Income growth across broad Income Costs Q124: £0.4bn Q124: £0.3bn sources 53% £19m Cost: income ratio
Slide 17: UK Corporate Bank delivered Q125 RoTE of 17.1%
UK Corporate Bank delivered Q125 RoTE of 17.1% Barclays Q1 2025 Results April 2025 17 RoTE (%) Income by product (£m) YoY Income by type (£m) YoY 463 458 484 +12% 434 484 +12% Higher liquidity Corporate 80 +11% 463 434 458 61 71 pool income lending 72 153 134 142 -10% Non-NII 157 Transaction 402 387
Slide 18: Private Bank & Wealth Management Q125
Private Bank & Wealth Management Q125 Barclays Q1 2025 Results April 2025 18 Targets 2026 34.5% £0.1bn Statutory RoTE Profit before tax RoTE >25% Q124: 28.7% Q124: £0.1bn £0.3bn £0.2bn Deliver high-quality Income Costs Income growth across broad Q124: £0.3bn Q124: £0.2bn sources 68% £8.0bn Cost: inc
Slide 19: Private Bank & Wealth Management delivered Q125 RoTE of 34.5%
Private Bank & Wealth Management delivered Q125 RoTE of 34.5% Barclays Q1 2025 Results April 2025 19 RoTE (%) Income by type (£m) YoY Costs (£m) 312 351 349 +12% RoTE pre WM&I1 34.5 transfer impact 259 135 145 +6% YoY Non-NII 137 3.4 78 263 217 237 +9% NII 181 216 204 +17% 144 175 Q123 Q124 Q424 Q12
Slide 20: Investment Bank Q125
Investment Bank Q125 Barclays Q1 2025 Results April 2025 20 Targets 2026 16.2% £1.7bn In line with Group Statutory RoTE Profit before tax RoTE (>12%) Q124: 12.0% Q124: £1.3bn £3.9bn £2.1bn Income High single digit CAGR Income Costs Q124: £3.3bn Q124: £2.0bn 54% £72m Cost: income ratio High 50s % Cos
Slide 21: Investment Bank delivered Q125 RoTE of 16.2%
Investment Bank delivered Q125 RoTE of 16.2% Barclays Q1 2025 Results April 2025 21 RoTE (%) Income by business (£m)1 YoY 3,873 +16% 3,569 3,328 Banking fees & 644 +4% 603 2,607 underwriting 617 Intermediation 1,690 614 1,826 +15% 1,587 781 Financing International 8022 757 836 +19% 700 Corporate Ban
Slide 22: Income up 16% YoY; strong performance in Global Markets
Income up 16% YoY; strong performance in Global Markets Barclays Q1 2025 Results April 2025 22 Global Markets Investment Banking Income (£m) Fees and underwriting (£m) International Corporate Bank income +16% YoY (£m) +16% USD +4% YoY +23% USD ex. Visa +4% USD +34% YoY 2,662 YoY 644 YoY Includes 603
Slide 23: Growing stable income streams, whilst monetising market conditions
Growing stable income streams, whilst monetising market conditions Barclays Q1 2025 Results April 2025 23 Q125 Income ICB 1,403 1,276 FICC 1,124 Advisory Of which: stable ECM income streams: 745 836 8021 Markets 700 DCM 69% Financing 448 International 474 424 5672 297 Corporate Bank Equities Q122 Q1
Slide 24: US Consumer Bank Q125
US Consumer Bank Q125 Barclays Q1 2025 Results April 2025 24 Targets 2026 In line with Group 4.5% £0.1bn RoTE Statutory RoTE Profit before tax (>12%) Q124: 5.3% Q124: £0.1bn $33.0bn £0.9bn End Net Receivables1 c.$40bn End net receivables1 Income Dec-24: $34.2bn Q124: £0.9bn 10.53% £0.4bn Net interes
Slide 25: US Consumer Bank delivered Q125 RoTE of 4.5%
US Consumer Bank delivered Q125 RoTE of 4.5% Barclays Q1 2025 Results April 2025 25 YoY RoTE (%) Income by type (£m) Costs (£m) +1% 826 859 857 864 +0% USD 192 171 179 186 +9% YoY Non-NII +9% USD 427 390 433 410 +5% NII 688 678 678 -1% +5% USD 634 -2% USD 7.7 Q123 Q124 Q424 Q125 Q123 Q124 Q424 Q125
Slide 26: Long term partnership for Payment Acceptance
Long term partnership for Payment Acceptance Barclays Q1 2025 Results April 2025 26 Head Office income (£m) 195 194 188 159 43 113 (164) 76 80 87 65 74 77 89 92 66 91 88 351 • Strategic long-term partnership agreed with Brookfield 63 75 91 91 81 67 66 68 49 44 21 • Barclays will invest in the busine
Slide 27: Robust capital position with 13.9% CET1 ratio, top end of 13-14% range
Robust capital position with 13.9% CET1 ratio, top end of 13-14% range Barclays Q1 2025 Results April 2025 27 Q125 CET1 ratio movements Includes 12bps benefit from the sale of the German consumer portfolio (28bps) 53bps 3bps (9bps) 14bps 13.9% 13.6% Q424 Attributable Share buyback Dividend RWA Other
Slide 28: RWAs decreased by £6.8bn QoQ, of which £3.1bn is FX
RWAs decreased by £6.8bn QoQ, of which £3.1bn is FX Barclays Q1 2025 Results April 2025 28 Risk weighted assets (£bn) IB % of £0.6bn decrease Group: 59% 57% 56% driven by FX 56% 0.5 0.3 0.1 (2.9) (1.3) (3.6) Capital discipline resulting in broadly flat RWAs, £3.3bn reduction from excluding £2.4bn de
Slide 29: Consistent capital and liquidity over time
Consistent capital and liquidity over time Barclays Q1 2025 Results April 2025 29 Historical performance 13.8% 13.9% 13-14% target CET1 ratio 12.2% MDA 2019 2020 2021 2022 2023 2024 Q125 82% 73% Loan: deposit Prudent LDR over time ratio 2019 2020 2021 2022 2023 2024 Q125 175% Average Liquidity 155%
Slide 30: TNAV growth +15 pence QoQ and +37 pence YoY
TNAV growth +15 pence QoQ and +37 pence YoY Barclays Q1 2025 Results April 2025 30 QoQ TNAV movements (pence per share) 12 1 4 (2) 340 351 357 357 369 370 372 372 Q224 Q324 Q424 Attributable profit¹ Share buyback Cash flow Other² Q125 hedge reserve YoY TNAV movements (pence per share) 38 7 (8) 11 (1
Slide 31: Group Q125 performance against financial targets
Group Q125 performance against financial targets Barclays Q1 2025 Results April 2025 31 Q125 actuals 2025 guidance 2026 targets Statutory RoTE 14.0% c.11% >12% Progressive increase At least £10bn1 Total payout vs. 20241 2024-2026 Investment Bank RWAs 56% c.50% (% of Group) CET1 ratio 13.9% 13-14% 13
Slide 32: Why Barclays
Why Barclays Barclays Q1 2025 Results April 2025 32 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 Multiple levers to allocate capital in a disciplined way to drive growth 3 within higher returning divis
Slide 33: Q&A
Q&A
Slide 34: Appendix
Appendix
Slide 35: Plan based on unchanged realistic scenarios
Plan based on unchanged realistic scenarios Barclays Q1 2025 Results April 2025 35 GBP 5-year swap rate UK bank rate US Unemployment 13th Feb 4.75% 4.4% 4.1% 4.3% Market 2025 3.7% Consensus1 implied1 3.6% Market 4.0% 4.3% 3.75% 13th Feb 13th Feb implied1 3.53% 2025 2025 3.4% 3.4% 3.58% 3.50% 2024 20
Slide 36: Structural hedge notional and income allocation to businesses
Structural hedge notional and income allocation to businesses Barclays Q1 2025 Results April 2025 36 Structural hedge notional (£bn) Illustrative structural hedge income allocation Product hedge Equity hedge 263 allocation allocation1 246 243 239 228 234 232 232 Barclays UK c.85% 22% UK Corporate Ba
Slide 37: Long-term prudent risk positioning in our credit card portfolios
Long-term prudent risk positioning in our credit card portfolios Barclays Q1 2025 Results April 2025 37 UK cards US cards • Balances c.3% higher1 vs. FY19 with strong and stable credit quality • Controlled portfolio growth with a focus on risk management • Repayment rates remain elevated across the
Slide 38: 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 Q1 2025 Results April 2025 38 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 Q125 USCB 690 6% 15% ave
Slide 39: Well provisioned balance sheet
Well provisioned balance sheet Barclays Q1 2025 Results April 2025 39 Balance sheet provisions for ECL (£bn) Credit impairment charges (£m) 5.5 5.6 643 0.4 0.4 Off-balance sheet Barclays UK 5022 158 UK Corporate Bank Private Bank & 19 742 Includes Wealth Management 72 40 £36m PMA3 On-balance sheet I
Slide 40: Risk transfer transactions enhance Barclays' risk management capabilities
Risk transfer transactions enhance Barclays’ risk management capabilities Barclays Q1 2025 Results April 2025 40 Purpose FY24: Barclays transfers c.£57bn1 risk via a variety of structures • The banking book has inherent credit UK Corporate Bank and Investment Bank Corporate risk, driving risk weight
Slide 41: Risk transfer activities focused on corporate loans and credit cards
Risk transfer activities focused on corporate loans and credit cards Barclays Q1 2025 Results April 2025 41 FY24: Corporate loans FY24: US credit cards • Colonnade programme established in 2016 • Initiated risk transfer in Q124 to help optimise • Deployed against exposure in the UK Corporate Bank an
Slide 42: Resilient mortgage book with customers proactively locking in rates
Resilient mortgage book with customers proactively locking in rates Barclays Q1 2025 Results April 2025 42 Mortgage portfolio Maturity profile • 53.5% average balance weighted LTV of mortgage stock • 18% of total balances maturing in FY252 o 40.2% average valuation weighted LTV • 11% of total balanc
Slide 43: Prudently managed LCR supported by a highly liquid balance sheet
Prudently managed LCR supported by a highly liquid balance sheet Barclays Q1 2025 Results April 2025 43 Average LCR1 Average NSFR2 74% of Liquidity Pool held in cash es3 74 i HTC % rit £26bn c u 136% 136% 136% 135% 136% as ec 163% 167% 170% 172% 175% 8% h tS FVOCI Deb £61bn 18% Q124 Q224 Q324 Q424 Q
Slide 44: CET1 ratio with significant headroom to MDA
CET1 ratio with significant headroom to MDA Barclays Q1 2025 Results April 2025 44 Q125: CET1 minimum requirements • 0.1% increase in Pillar 2A applicable until USCB IRB model implementation MDA 12.2% • This incremental adjustment takes into account Pillar 2A we were CCyB 1.0% already holding for th
Slide 45: Operating with a prudent buffer to each tier of capital requirements
Operating with a prudent buffer to each tier of capital requirements Barclays Q1 2025 Results April 2025 45 Q125: 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 20.6% to manage FX and RWA movements
Slide 46: Macroeconomic variables
Macroeconomic variables Barclays Q1 2025 Results April 2025 46 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 47: Disclaimer
Disclaimer Barclays Q1 2025 Results April 2025 47 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
Slide 48: Contact details, upcoming events and useful presentations
Contact details, upcoming events and useful presentations Investor Relations Upcoming events barclays.ir@barclays.com 29th July 2025 Q225 results 22nd October 2025 Q325 results Useful presentations Progress update 2025 Link Private Bank and Wealth Management deep dive Link Investment Banking deep di