Slide 1: Slide 1
Slide 2: Agenda
Agenda 09:00-09:30 30 minutes FY25 Results Presentation 09:30-10:15 45 minutes Progress and Targets Update 10:15-10:30 15 minutes Break 10:30-11:45 75 minutes Q&A Presenters: C.S. Venkatakrishnan and Anna Cross
Slide 3: FY 2025 Results Presentation
FY 2025 Results Presentation 10th February 2026
Slide 4: We achieved all 2025 financial guidance
We achieved all 2025 financial guidance Barclays FY25 Results February 2026 4 Targets Q425 actuals FY25 actuals 2025 guidance Statutory RoTE 8.5% 11.3% >11% (Feb 25 guidance: c.11%) £1.8bn £3.7bn Progressive increase Total payout Dividend: £0.8bn Dividend: £1.2bn Buyback: £1.0bn Buyback: £2.5bn vs
Slide 5: FY25 divisional progress and execution against the plan
FY25 divisional progress and execution against the plan Barclays FY25 Results February 2026 5 Statutory RoTE FY24 FY25 A year of disciplined execution Barclays UK 23.1%1 20.7% Distributed £3.7bn of capital (+25% YoY) UK Corporate Bank 16.0% 18.9% Delivered c.£700m gross cost efficiency savings, Priv
Slide 6: Barclays Group Q425 and FY25
Barclays Group Q425 and FY25 Barclays FY25 Results February 2026 6 Q425 FY25 8.5% £1.9bn 11.3% £9.1bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q424: 7.5% Q424: £1.7bn FY24: 10.5% FY24: £8.1bn £7.1bn £0.5bn £29.1bn £2.3bn Income Impairment Income Impairment Q424: £7.0bn1 Q424
Slide 7: Group delivered FY25 RoTE of 11.3%; achieving guidance of >11%
Group delivered FY25 RoTE of 11.3%; achieving guidance of >11% Barclays FY25 Results February 2026 7 Group RoTE (%) Profit before tax (£m) +13% Profit before impairment +13% 8% tangible 9,139 equity growth 8,1941 8,108 (1.5) 7,012 6,557 3.5 (0.4) 4,357 (0.7) 3,065 FY19 FY20 FY21 FY22 FY23 FY24 FY25
Slide 8: Group income of £29.1bn, up 9% YoY, driven by stable income streams
Group income of £29.1bn, up 9% YoY, driven by stable income streams Barclays FY25 Results February 2026 8 Group income (£bn) +9% YoY 29.1 YoY 26.8 c.£31bn income guidance in FY26 25.4 2.5 -2% (Previously c.£30bn) Banking fees & 2.5 underwriting 2.0 5.1 +13% 4.3 4.5 Intermediation 3.5 +17% More stabl
Slide 9: Group NII of £12.8bn, up 13% YoY; achieving guidance of >£12.6bn
Group NII of £12.8bn, up 13% YoY; achieving guidance of >£12.6bn Barclays FY25 Results February 2026 9 Net interest income (£bn) +13% YoY 14.00 12.8 12.00 11.3 11.0 NII performance FY25 YoY (%) Q425 QoQ (%) 10.00 5.1 BUK +15% +3% UK Corporate Bank, Private Bank & Wealth 4.6 UKCB 4.5 +23% +3% Managem
Slide 10: £5.9bn structural hedge income in FY25; 46% of Group NII
£5.9bn structural hedge income in FY25; 46% of Group NII1 Barclays FY25 Results February 2026 10 Continued structural hedge momentum Notional broadly stable for five quarters from Q424 14.0 Hedge notional (£bn) 4.0% 3.7% GBP 5yr12.0 3.4% swap rate2 10.0 246 2.5% 232 236 2.0% Hedge yield08.0 3 1.5% +
Slide 11: Cost: income ratio of 61% supported by c.£700m of gross efficiency savings
Cost: income ratio of 61% supported by c.£700m of gross efficiency savings Barclays FY25 Results February 2026 11 Strong operating leverage Group total costs (£bn) 120 Includes Motor Revenues Costs Finance provision 115 Q423 SCA of £235m 110 of £927m c.10% YoY Indexed 0.4 0.3 105 0.9 0.1 0.6 (0.7) 0
Slide 12: FY25 LLR of 52bps; maintaining through the cycle guidance of 50-60bps
FY25 LLR of 52bps; maintaining through the cycle guidance of 50-60bps Barclays FY25 Results February 2026 12 Loan loss rate (bps) Impairment charge (£m) 190 US Consumer Bank 636 514 431 496 610 562 558 5052 1,438 1,521 1,293 438 456 140 411 395 FY23 FY24 FY25² Group 52 46 46 90 1,881 1,982 2,279 661
Slide 13: Broadly stable delinquency trends in US cards
Broadly stable delinquency trends in US cards Barclays FY25 Results February 2026 13 30 day US cards delinquencies 2.9% 3.1% 2.9% 3.0% 3.0% 3.0% 2.9% 3.0% 2.8% 90 day US cards delinquencies 1.5% 1.7% 1.6% 1.6% 1.6% 1.6% 1.6% 1.5% 1.6% USCB loan loss rate1 (bps) 636 610 438 411 395 562 456 5054 558 U
Slide 14: On track to deploy c.£30bn UK RWA by 2026 with organic momentum
On track to deploy c.£30bn UK RWA by 2026 with organic momentum Barclays FY25 Results February 2026 14 Continued strong net mortgage growth Card acquisitions driving balance growth YoY HLTV mix1 13% 15% 14% 18% 22% 26% 23% 26% Card 278 243 251 288 386 374 371 317 acquisitions (k) 15.0 15.0 15.7 16.0
Slide 15: Barclays UK Q425 and FY25
Barclays UK Q425 and FY25 Barclays FY25 Results February 2026 15 Q425 FY25 23.8% £0.9bn 20.7% £3.4bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q424: 28.0%1 Q424: £1.1bn1 FY24: 23.1%1 FY24: £3.6bn1 £2.3bn £2.0bn £8.7bn £7.7bn Income Net Interest Income Income Net Interest Inco
Slide 16: Barclays UK delivered Q425 RoTE of 23.8%
Barclays UK delivered Q425 RoTE of 23.8% Barclays FY25 Results February 2026 16 RoTE (%) Income by business (£m) YoY Total costs (£m) YoY 2,253 2,262 +10% 2,059 1,792 SCA 168 545 560 +4% Business 537 483 1,329 +9% Banking 1,215 1,198 1,019 Retail 1,522 1,708 1,702 +12% 1,309 Banking 19.7 19.1 Q423 Q
Slide 17: Stable deposit trends; sixth consecutive quarter of organic loan growth
Stable deposit trends; sixth consecutive quarter of organic loan growth Barclays FY25 Results February 2026 17 Barclays UK deposit balances and mix (£bn) Barclays UK loans and advances1 (£bn) +£8.0bn2 -£1.1bn -£1.8bn +£0.2bn +£3.1bn +£8.4bn2 +£1.9bn +£1.6bn +£2.2bn +£3.1bn YoY YoY 210 211 213 217 +4
Slide 18: UK Corporate Bank Q425 and FY25
UK Corporate Bank Q425 and FY25 Barclays FY25 Results February 2026 18 Q425 FY25 19.1% £0.3bn 18.9% £1.0bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q424: 12.3% Q424: £0.2bn FY24: 16.0% FY24: £0.7bn £0.5bn £0.3bn £2.1bn £1.1bn Income Costs Income Costs Q424: £0.5bn Q424: £0.3
Slide 19: UK Corporate Bank delivered Q425 RoTE of 19.1%
UK Corporate Bank delivered Q425 RoTE of 19.1% Barclays FY25 Results February 2026 19 RoTE (%) Income by product (£m) YoY Income by type (£m) YoY 522 539 +18% 522 539 +18% 458 458 395 90 97 +37% 395 71 139 143 +7% Corporate 64 134 lending Non-NII 148 Transaction 387 432 442 +14% 396 +22% 331 324 383
Slide 20: Private Bank & Wealth Management Q425 and FY25
Private Bank & Wealth Management Q425 and FY25 Barclays FY25 Results February 2026 20 Q425 FY25 12.6% £0.1bn 26.3% £0.4bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q424: 23.9% Q424: £0.1bn FY24: 28.1% FY24: £0.4bn £0.3bn £0.3bn £1.4bn £1.0bn Income Costs Income Costs Q424: £0
Slide 21: Private Bank & Wealth Management delivered Q425 RoTE of 12.6%
Private Bank & Wealth Management delivered Q425 RoTE of 12.6% Barclays FY25 Results February 2026 21 RoTE (%) Income by type (£m) YoY Total costs (£m) YoY 351 335 348 -1% 313 SCA 29 Non-NII 135 145 146 +8% 131 296 28.9 263 +13% 228 243 NII 182 216 190 202 -6% Q423 Q424 Q325 Q425 Q423 Q424 Q325 Q425
Slide 22: Investment Bank Q425 and FY25
Investment Bank Q425 and FY25 Barclays FY25 Results February 2026 22 Q425 FY25 4.0% £0.7bn 10.6% £4.6bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q424: 3.4% Q424: £0.5bn FY24: 8.5% FY24: £3.8bn £2.8bn £2.1bn £13.1bn £8.1bn Income Costs Income Costs Q424: £2.6bn Q424: £2.1bn F
Slide 23: Operational performance on track in Investment Bank
Operational performance on track in Investment Bank Barclays FY25 Results February 2026 23 Maintaining capital discipline Driving efficiency of capital Growing more stable income streams Period-end IB RWAs (£bn) Income / average RWAs (%) 42% from stable income streams in 2025 (£bn) YoY 13.1 11.61 11
Slide 24: Investment Bank delivered Q425 RoTE of 4.0%
Investment Bank delivered Q425 RoTE of 4.0% Barclays FY25 Results February 2026 24 RoTE (%) Investment Bank income (£m)3 YoY 3,083 2,607 2,792 +7% 2,037 1,697 1,461 1,395 +5% Other income4 1,092 More stable 1,212 1,386 1,331 +10% 945 income streams5 10.1 Q423 Q424 Q325 Q425 Risk weighted assets (£bn
Slide 25: Income up 7% YoY; solid performance in Markets and Advisory
Income up 7% YoY; solid performance in Markets and Advisory Barclays FY25 Results February 2026 25 Global Markets Investment Banking Banking fees Income by product (£m) Income by type (£m) Income (£m) +3% USD YoY4 +12% YoY +12% YoY flat YoY +17% USD +17% USD 1,138 1,945 1,945 1,069 1,065 YoY 196 +13
Slide 26: US Consumer Bank Q425 and FY25
US Consumer Bank Q425 and FY25 Barclays FY25 Results February 2026 26 Q425 FY25 15.8% £0.2bn | $0.3bn 11.0% £0.5bn | $0.7bn Statutory RoTE Profit before tax Statutory RoTE Profit before tax Q424: 11.2% Q424: £0.1bn | $0.2bn FY24: 9.1% FY24: £0.4bn | $0.5bn $37.6bn £1.1bn | $1.4bn $37.6bn £3.7bn | $4
Slide 27: Operational performance on track in US Consumer Bank
Operational performance on track in US Consumer Bank Barclays FY25 Results February 2026 27 Organic and inorganic balance growth Margin tracking to >12% Rebalancing mix towards retail End Net Receivables ($bn)1 Net interest margin (%) Retail mix (%)3 +17% since 20232 34.2 33.9 35.9 37.6 +10% YoY 10.
Slide 28: US Consumer Bank delivered Q425 RoTE of 15.8%
US Consumer Bank delivered Q425 RoTE of 15.8% Barclays FY25 Results February 2026 28 YoY RoTE (%) Income by type (£m) Total costs (£m) +23% YoY 1,053 +28% USD 941 SCA 19 866 857 277 +55% Non-NII 180 179 215 +63% USD 433 432 -0% 12.5 401 407 +4% USD 776 +14% NII 686 678 726 +19% USD Q423 Q424 Q325 Q4
Slide 29: Robust capital position with 14.3% CET1 ratio (14.0% rebased)
Robust capital position with 14.3% CET1 ratio (14.0% rebased) Barclays FY25 Results February 2026 29 Q425 CET1 ratio movements (8bps) 13bps 2bps c.(30bps) 33bps c.(14bps) FY25: 173bps capital generation 14.3% 14.1% 14.0% 13.9% Q325 Q325 announced Q325 rebased Attributable Dividend RWA Other Q425 Q42
Slide 30: Guidance on regulatory driven RWA inflation
Guidance on regulatory driven RWA inflation Barclays FY25 Results February 2026 30 c.£19-26bn total RWA impact remains unchanged c.£3-10bn Basel 3.1: • FRTB1 impact mostly expected in 2027. Likely to use option to defer elements of FRTB to 20282 c.£3-10bn • Partial offset in Pillar 2A expected on 1s
Slide 31: Group RWAs decreased by £0.6bn quarter on quarter
Group RWAs decreased by £0.6bn quarter on quarter Barclays FY25 Results February 2026 31 Risk weighted assets (£bn) IB % of Group: 58% 56% 56% 55% (0.9)1 1.4 0.2 (2.4) 1.7 (0.4) 358.1 357.4 356.8 342.7 Q423 Q424 Q325 Barclays UK UK Corporate Private Bank & Investment US Consumer Head Office Q425 Ban
Slide 32: Consistent capital and liquidity over time
Consistent capital and liquidity over time Barclays FY25 Results February 2026 32 Historical performance 14.3% 13.8% 13-14% target CET1 ratio 12.2% MDA 2019 2020 2021 2022 2023 2024 2025 82% 73% Loan: deposit Prudent LDR over time ratio 2019 2020 2021 2022 2023 2024 2025 170% Average Liquidity 155%
Slide 33: Tenth consecutive quarter of tangible book value growth (+15% YoY)
Tenth consecutive quarter of tangible book value growth (+15% YoY) Barclays FY25 Results February 2026 33 QoQ TNAV movements (pence per share) 9 (0) (0) 5 3 384 392 392 401 401 401 406 409 372 Q125 Q225 Q325 Attributable Share buyback Dividends paid Cash flow Other² Q425 profit¹ hedge reserve YoY TN
Slide 34: We achieved all 2024 targets and 2025 guidance
We achieved all 2024 targets and 2025 guidance Barclays FY25 Results February 2026 34 Targets 2024 targets 2025 guidance Statutory RoTE >10% >11% Broadly in line Progressive increase Total payout with 2023 vs. 2024 CET1 ratio 13-14% 13-14% Supporting targets and guidance Group NII excl.
Slide 35: Progress and Targets Update
Progress and Targets Update 10th February 2026
Slide 36: Barclays – a journey to sustainably higher returns
Barclays – a journey to sustainably higher returns Barclays Targets Update February 2026 36 Sustainably higher returns Building foundations Simpler for all-weather RoTE Growth Stabilisation Better 13.1% >14% More 11.3% >12% 10.4% 10.6%1 10.5% balanced 2021 2022 2023 2024 2025 2026 2028 2028+ RoTE (%
Slide 37: Accelerating ambition to build segment leading businesses
Accelerating ambition to build segment leading businesses 37 Barclays Targets Update February 2026 Continue Acceleration Ambition Operational efficiency Segment leading businesses Simpler Transform and modernise Built for growth and scale infrastructure Industry leading products Better Standardise d
Slide 38: Confident in delivering our financial goals
Confident in delivering our financial goals Barclays Targets Update February 2026 38 Targets 2025 2026 2028 Statutory 11.3% >12% >14% RoTE Progressive >£15bn1 increase vs 20251 2026-2028 Total payout £3.7bn Incl. planned £2bn With capacity to support dividend for 2026 investment and growth Investmen
Slide 39: Simpler Better More balanced
Our journey to achieve 39 Barclays Targets Update February 2026 Simpler Better More balanced
Slide 40: What Simpler means
What Simpler means Barclays Targets Update February 2026 40 Simpler business 2024-25 Simpler organisation Simpler operations Simpler business: digitally driven Simpler organisation: standardised, modernised, 2026-28 harmonised Simpler operations: resilient, reliable, secure
Slide 41: Simpler business: digitally driven
Simpler business: digitally driven Barclays Targets Update February 2026 41 Digital interactions2 Direct Investing 24k 65k USCB digital 96% c.30% c.50% >70% new clients 2023 2025 interactions3 2025 2023 2025 2028 PBWM1 UK Corporate Bank PBWM1 Private Bank services International Corporate Bank Premie
Slide 42: Simpler organisation: standardised foundations
Simpler organisation: standardised foundations Barclays Targets Update February 2026 42 Cloud Data Digital and AI Most Most developed potential Leading multi-cloud adoption… Barclays c.70% >250 today 75% 89% of core data on our AI tools and 1 1 standardised platform… models in use2 2023 2025 …with f
Slide 43: Simpler organisation: modernised approaches
Simpler organisation: modernised approaches Barclays Targets Update February 2026 43 Accelerating revenue growth Creating efficiencies 19k Delivering developers using BarxBot 75% software GitLab Duo Chatbot for FX faster response Streamlines planning, quotations in Markets for queries developing and
Slide 44: Simpler organisation: harmonised systems and processes
Simpler organisation: harmonised systems and processes Barclays Targets Update February 2026 44 More efficient, lower cost operations c.75% c.£2bn c.£0.8bn of employees in support efficiency savings additional investment functions1 across Group 2028 versus 2025 across Group 2028 versus 2025 Two exam
Slide 45: What Better means
What Better means Barclays Targets Update February 2026 45 Better financial returns 2024-25 Better customer experience and outcomes Better financial returns: segment leading businesses 2026-28 Better customer experience and outcomes: deepening and broadening relationships
Slide 46: Better: building segment-leading businesses
Better: building segment-leading businesses Barclays Targets Update February 2026 46 Best-in-class offerings for our customers Building connections and scale across the Group #6 Leading non-US Investment Bank with deep fixed income Integrated client offerings and Global Markets and coverage Investme
Slide 47: Better financial returns: the leading non-US Investment Bank
Better financial returns: the leading non-US Investment Bank Barclays Targets Update February 2026 47 Strong global position Path to >13% RoTE by 2028 #6 #4 #1 Global Markets: Consolidate gains in focus Global Markets and Fixed Income Credit US and European Investment Banking1 Trading2 Credit Resear
Slide 48: Better financial returns: the 'Premier' UK bank
Better financial returns: the ‘Premier’ UK bank Barclays Targets Update February 2026 48 Starting from strong foundations with significant further scope Enhancements to realise connected opportunity Premier bNPS1 37 c.1.1m 50% Enhancing Premier Banking Mass Affluent Mass Affluent2 10 customers2 cust
Slide 49: Better financial returns: USCB is a leading digital banking partner
Better financial returns: USCB is a leading digital banking partner Barclays Targets Update February 2026 49 Track record of organic growth and partner wins Leveraging digital platforms through savings and Best Egg >85% 100% +34% c.50bps Total receivables secured through 20301 digital growth in reta
Slide 50: Better: building segment-leading customer experience
Better: building segment-leading customer experience Barclays Targets Update February 2026 50 Improved customer satisfaction Driving deeper engagement bNPS score1 Barclays UK 25 17 Barclays UK mobile app 2023 2025 re-launch in 2026 NPS score2 55 Barclays UK mortgage broker platform -51 2023 2025 Inv
Slide 51: Better: integrated wholesale client offering and coverage
Better: integrated wholesale client offering and coverage Barclays Targets Update February 2026 51 Global Markets: Growing share with our largest clients UK-centred, global corporate Bank Top 100 Markets clients with Top 5 rank1 US UK Europe USD #1 Top 10 Built deposit Target: GBP clearer2 EUR clear
Slide 52: Better returns: through business mix and improved performance
Better returns: through business mix and improved performance Barclays Targets Update February 2026 52 Statutory RoTE 2023 2025 2026 2028 2023 vs 2025 2025 vs 2028 Feb 24: high teens 19% 21% >20% >20% Barclays UK c.£20bn of c.£30bn UK >5% lending CAGR Improving mix business growth RWAs 21% 19% High
Slide 53: What More balanced means
What More balanced means Barclays Targets Update February 2026 53 Capital discipline in Investment Bank 2024-25 UK lending growth Capital discipline in Investment Bank 2026-28 UK lending growth Build fee income
Slide 54: More balanced: UK lending growth of >5% CAGR to 2028
More balanced: UK lending growth of >5% CAGR to 2028 Barclays Targets Update February 2026 54 Barclays UK: Scaling multi-brand offering Open market strategy Specialist mortgages Multi-brand card partnerships Growing and capturing market share Which gives confidence in >5% lending CAGR UK lending (£b
Slide 55: More balanced: accelerating investments to drive returns
More balanced: accelerating investments to drive returns Barclays Targets Update February 2026 55 Organic investments for growth and efficiency (£bn) Adopt digital and AI at scale • Modernise platforms • Streamline customer journeys • Improve products and services c.2.3 1.1 Fee growth 2023-25 2026-2
Slide 56: More balanced: building fee income
More balanced: building fee income Barclays Targets Update February 2026 56 Group wide capabilities and connections Driving fee income beyond 2028 Income (£bn)3 Barclays UK Premier Wealth Planning & Advice Management 29.1 25.4 PBWM 5.1 4.3 Intermediation Transaction Banking 6.0 UKCB 4.1 #1 Deposits4
Slide 57: The external environment presents risk with opportunity
The external environment presents risk with opportunity Barclays Targets Update February 2026 57 Interest rate • Structural hedge tailwind cycle • Diversified income streams • Simplifying operations Technological • Deep and broad investment in technology and AI disruption • Resilient, secure and rel
Slide 58: Confident in delivering our financial goals
Confident in delivering our financial goals Barclays Targets Update February 2026 58 Targets 2025 2026 2028 Statutory 11.3% >12% >14% RoTE Progressive >£15bn1 increase vs 20251 2026-2028 Total payout £3.7bn Incl. planned £2bn With capacity to support dividend for 2026 investment and growth Investmen
Slide 59: Simpler Better More balanced: Outcome to 2028
Barclays Targets Update 59 February 2026 Simpler Better More balanced Outcome to 2028
Slide 60: New horizon in 2028 is grounded in existing momentum
New horizon in 2028 is grounded in existing momentum Barclays Targets Update February 2026 60 2023-25 2025-28 Group income 7% CAGR >5% CAGR UK lending 4% CAGR1 >5% CAGR Investment Bank income 9% CAGR Low single digit CAGR Investment Bank income / average RWAs 5.5% → 6.6% >7% £1.7bn Gross cost effici
Slide 61: RoTE: targeting >12% in 2026 and >14% in 2028
RoTE: targeting >12% in 2026 and >14% in 2028 Barclays Targets Update February 2026 61 IB Retail & Corporate1 >14% >12% 11.3% 2025 Income Costs Impairment Book value 2026 Income Costs Impairment Book value 2028 growth & growth & Other Other 1 Retail & Corporate consists of income from Barclays UK, B
Slide 62: Income: growth underpinned by Net Interest Income
Income: growth underpinned by Net Interest Income Barclays Targets Update February 2026 62 Income (£bn) 7% Income CAGR >5% Income CAGR 8% NII2 CAGR 29.1 26.8 25.0 25.4 16.4 2026 guidance 15.5 Group income: c.£31bn (previously c.£30bn) 14.4 Investment Bank 15.2 & other1 Group NII ex IB & HO: >£13.5bn
Slide 63: Income: gross structural hedge income expected to grow beyond 2028
Income: gross structural hedge income expected to grow beyond 2028 Barclays Targets Update February 2026 63 14.0 3.8% Income growth allocation3 2025 2026 GBP 7yr 12.0 swap rate1 Barclays UK c.75% c.55% Hedge yield10.0 2 UK Corporate Bank c.10% c.15% 2.5% +c.£1bn Private Bank & Wealth Management c.5%
Slide 64: Income: continuing to drive Investment Bank RWA productivity
Income: continuing to drive Investment Bank RWA productivity Barclays Targets Update February 2026 64 Delivering on what we promised Improving capital productivity of the Investment Bank Global Markets Progress two 116 125 126 2026 target years into 2028 target 86 Average RWA the plan (£bn) Income /
Slide 65: Income: Investment Bank growth supported by more stable income
Income: Investment Bank growth supported by more stable income Barclays Targets Update February 2026 65 Income (£bn) 9% CAGR Low single digit CAGR 0.5 0.1 1.4 13.1 11.0 Increased productivity, targeting income/average RWAs of >7% by 2028 2023 Global Markets Banking fees International 2025 Global Mar
Slide 66: Costs: modest cost growth to 2028, with positive operating jaws
Costs: modest cost growth to 2028, with positive operating jaws in each year Barclays Targets Update February 2026 66 Group costs (£bn) Cost: Low income 61% ratio (%) 50s% Includes c.£0.4bn • Broadly equal split 2026-28 Best Egg • Includes c.£0.2bn for Tesco c.(0.3) c.0.8 c.0.8 c.(2.0) c.1.2 Modest
Slide 67: Costs: normalised costs driving Barclays UK operating leverage from 2026
Costs: normalised costs driving Barclays UK operating leverage from 2026 Barclays Targets Update February 2026 67 Ongoing transformation journey Efficiency savings underpin lower cost base by 2028 Barclays UK cost: income ratio (%) 56%2 56% Mid 40s% 0.2 0.4 68% Includes c.£50m 58% one-offs 60% Inclu
Slide 68: Costs: capital generation enabling further investment
Costs: capital generation enabling further investment Barclays Targets Update February 2026 68 Prior investments yielding tangible results Organic investments for growth and efficiency £bn (P&L) £1.1bn c.£2.3bn Organic Cash Investment Results to date c.0.8 c.0.8 c.0.7 +c.60% c.£130m Global Markets 0
Slide 69: Costs: improved cost: income ratios and further efficiency savings
Costs: improved cost: income ratios and further efficiency savings Barclays Targets Update February 2026 69 Cost efficiencies Cost: income ratio 2024-25 20231 2024 2025 2026 2028 c.£0.5bn 56% 52%2 56%3 Low 50s% Mid 40s% Barclays UK Barclays c.£0.1bn 55% 51% 50% High 40s% Low 40s% UK Corporate Bank B
Slide 70: Impairment: maintaining Group through the cycle LLR guidance of 50-60bps
Impairment: maintaining Group through the cycle LLR guidance of 50-60bps Barclays Targets Update February 2026 70 Group has operated within 50-60bps LLR for the past decade Structurally lower UK impairment BUK: c.30bps LLR through the cycle Q425 90d+ arrears 138 Group LLR Mortgages Average LLR betwe
Slide 71: Structurally improved profit signature driving strong capital generation
Structurally improved profit signature driving strong capital generation Barclays Targets Update February 2026 71 Profit signature has structurally improved Driving organic capital generation (bps)1 RoTE 2023 2028 19% >20% Barclays UK Barclays 21% >20% UK Corporate Bank Barclays >230 >200 Private Ba
Slide 72: Unchanged capital allocation priorities
Unchanged capital allocation priorities Barclays Targets Update February 2026 72 1. Regulatory capital 2. Shareholder distributions 3. Investment Protect our customers, Increase returns to our Grow our business for the clients and investors shareholders benefit of all our stakeholders Sufficient hea
Slide 73: Capital distributions: plan to return greater than £15bn from 2026 to 2028
Capital distributions: plan to return greater than £15bn from 2026 to 20281 Barclays Targets Update February 2026 73 2026 - 2028 2026 2025 Plan to return Progressive >£15bn1 2024 £3.0bn £3.7bn increase vs 20251 with capacity to £1.8bn buyback £2.5bn buyback Incl. planned £2bn support investment £1.2
Slide 74: We achieved our 2025 guidance and are on the path to 2026 and 2028 delivery
We achieved our 2025 guidance and are on the path to 2026 and 2028 delivery Barclays Targets Update February 2026 74 2025 guidance 2026 targets 2028 targets Statutory RoTE >11% >12% >14% Progressive Progressive increase >£15bn1 Total payout increase vs. 2024 vs. 20251 With capacity to support incl
Slide 75: Barclays – a journey to sustainably higher returns
Barclays – a journey to sustainably higher returns Barclays Targets Update February 2026 75 Sustainably higher returns Building foundations Simpler for all-weather RoTE Growth Stabilisation Better 13.1% >14% More 11.3% >12% 10.4% 10.6%1 10.5% balanced 2021 2022 2023 2024 2025 2026 2028 2028+ RoTE (%
Slide 76: Why Barclays
Why Barclays Barclays Targets Update February 2026 76 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 Disciplined capital allocation driving growth within higher returning divisions and greater RWA prod
Slide 77: Q&A
Q&A
Slide 78: Operational datapack
Operational datapack
Slide 79: Barclays UK: Progress to Simpler, Better and More balanced
Barclays UK: Progress to Simpler, Better and More balanced Barclays Targets Update February 2026 79 Simpler 2025 progress • 6% handling time reduction following launch of Deliver operational efficiencies to GenAI Help Hub Assistant, supporting 16k colleagues facilitate investment in growth • >20% re
Slide 80: Barclays UK financials and targets
Barclays UK financials and targets Barclays Targets Update February 2026 80 Financials 2022 2023 2024 2025 2026 Targets 2028 Targets 23%1 >20% >20% RoTE 19% 19% 21% Feb 24: High teens% Total income (£bn) 7.3 7.6 8.3 8.7 Net interest income (£bn)2 5.9 6.4 6.6 7.7 £8.1-8.3bn (NII) Cost: income ratio L
Slide 81: Barclays UK Corporate Bank: Progress to Simpler, Better and More balanced
Barclays UK Corporate Bank: Progress to Simpler, Better and More balanced Barclays Targets Update February 2026 81 Simpler 2025 progress Drive productivity and • c.50% self-served client interactions vs. c.30% as seamless digital delivery at FY23 Better Grow broad-based income • +10% improved client
Slide 82: Barclays UK Corporate Bank financials and targets
Barclays UK Corporate Bank financials and targets Barclays Targets Update February 2026 82 Financials 2022 2023 2024 2025 2026 Targets 2028 Targets RoTE 19% 21% 16% 19% High teens % >20% Deliver high-quality Income (£bn) 1.7 1.8 1.8 2.1 growth across broad sources Cost: income ratio 49% 52% 55% 51%
Slide 83: Barclays Private Bank and Wealth Management: Progress to Simpler, Better and More balanced
Barclays Private Bank and Wealth Management: Progress to Simpler, Better Barclays Targets Update February 2026 83 and More balanced 2025 progress Simpler New business structure Driving cost efficiencies to • Achieved >100% of 2023-26 gross cost efficiency reinvest savings target Strengthen propositi
Slide 84: Barclays Private Bank and Wealth Management financials and targets
Barclays Private Bank and Wealth Management financials and targets Barclays Targets Update February 2026 84 Financials1 2022 2023 2024 2025 2026 Targets 2028 Targets 31% RoTE 29% 28% 26% >25% >25% Deliver high- quality growth Income (£bn) 1.2 1.3 1.3 1.4 across broad sources Cost: income ratio 69% 6
Slide 85: Global Markets: Progress to Simpler, Better and More balanced
Global Markets: Progress to Simpler, Better and More balanced Barclays Targets Update February 2026 85 Simpler 2025 progress Monetise our deep client relationships • 62 Top 5 rank with Top 100 clients1 vs. target of 70 Maintain our prudent risk • 6 Trading loss days vs. 7 at FY23 management Better S
Slide 86: Investment Banking: Progress to Simpler, Better and More balanced
Investment Banking: Progress to Simpler, Better and More balanced Barclays Targets Update February 2026 86 Simpler 2025 progress • +137% growth in US deposits1 vs. FY23 Treasury Coverage • Treasury coverage model rolled out to 1,500 clients representing c.73% of capital2 and c.62% of revenue2 • Full
Slide 87: Barclays Investment Bank financials and targets
Barclays Investment Bank financials and targets Barclays Targets Update February 2026 87 Financials 2022 2023 2024 2025 2026 Targets 2028 Targets RoTE 11% c.12% >13% 9% 7% 8% Feb 24: >12% 13.1 High single digit Low single digit Income (£bn) 11.91 11.0 11.8 CAGR2 CAGR3 69% 70% c.60% High 50s% Cost: i
Slide 88: Barclays US Consumer Bank: Progress to Simpler, Better and More balanced
Barclays US Consumer Bank: Progress to Simpler, Better and More balanced Barclays Targets Update February 2026 88 Simpler 2025 progress Invest in digitisation to deliver • 5.5ppt increase in customers using the mobile app1 operational efficiencies and enhanced customer experience • 4ppt increase in
Slide 89: Barclays US Consumer Bank financials and targets
Barclays US Consumer Bank financials and targets Barclays Targets Update February 2026 89 Key Metrics1 2022 2023 2024 2025 2026 Targets 2028 Targets >12% c.12% excluding RoTE 13% 4% 9% 11% AA gain on sale2 Mid-Teens Income ($bn) 3.2 4.1 4.2 4.9 High single 3.3 3.3 3.7 Income (£bn) 2.6 digit CAGR3 En
Slide 90: Appendix
Appendix
Slide 91: Plan continues to be based on realistic assumptions
Plan continues to be based on realistic assumptions Barclays FY25 Results February 2026 91 UK Unemployment UK Inflation UK Rates 4.2% 4.0% 3.8% 3.9% 7 year GBP swap rate Market implied1 10th Feb Hedge reinvestment 3.5% 3.5% 3.5% Consensus1 5.1% 5.1% 2026 3.4% rate 4.8% 4.8% 10th Feb Consensus1 2.5%
Slide 92: Resilient UK economic trends
Resilient UK economic trends Barclays FY25 Results February 2026 92 UK GDP growth comparable to US and Euro economies1 UK debt-to-GDP lower than historic highs2 2024 2025E 2026E Households Non-financial corporations Nominal GDP growth Debt as a % of GDP 7% 100% 6% 5% 80% 4% 3% 2% 60% 1% 0% 40% UK US
Slide 93: Global Markets risk managed prudently
Global Markets risk managed prudently Barclays FY25 Results February 2026 93 Global Markets: VaR Global Markets: Daily trading income distribution2 Russia/ US banking £60m Pandemic Ukraine crisis Average FY19-24 FY25 £40m Average VaR1 £23m £20m <£0m £0-15m £15-30m £30-50m £50m+ Average 11 67 101 56
Slide 94: Long-term prudent risk positioning in our credit card portfolios
Long-term prudent risk positioning in our credit card portfolios Barclays FY25 Results February 2026 94 UK cards US cards 23.7 24.5 25.7 26.3 16.4 20.5 14.7 15.0 14.7 16.1 Net L&A1 (£bn) 9.9 9.7 Net L&A1 (£bn) 8.7 9.2 16.6% 14.3% 10.5% 12.8% 9.1% 10.6% 10.2% 9.9% 9.7% 7.6% 6.8% 8.1% Total coverage 4
Slide 95: 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 FY25 Results February 2026 95 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 Q425 USCB 690 6% 15% ave
Slide 96: Acquisition of Best Egg and sale of American Airlines to complete in Q226
Acquisition of Best Egg and sale of American Airlines1 to complete in Q226 Barclays FY25 Results February 2026 96 Estimated impacts in Q226 Annual normalised income ($m)2 c.$700m2 American Airlines Best Egg Capital light partnership exit acquisition origination and servicing fees AA Best Egg Income
Slide 97: Long track record of growth and returns in USCB
Long track record of growth and returns in USCB Barclays FY25 Results February 2026 97 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% 18% 17%13% 30 15% Avg 20+ years of expertise in specialised partner cards
Slide 98: Well provisioned balance sheet
Well provisioned balance sheet Barclays FY25 Results February 2026 98 Balance sheet provisions for ECL (£bn) Credit impairment charges (£m) 5.6 5.7 0.4 632 0.4 Off-balance sheet 102 535 Barclays UK 5 UK Corporate Bank 74 144 1 Private Bank & 22 Wealth Management On-balance sheet 5.3 5.2 Investment B
Slide 99: Resilient mortgage book; leveraging capabilities of Kensington
Resilient mortgage book; leveraging capabilities of Kensington Barclays FY25 Results February 2026 99 Mortgage portfolio Kensington adding capabilities to Barclays UK • 55.2% average balance weighted LTV of mortgage stock Ability to lend to high-yield, low risk customers with complex incomes o 41.5%
Slide 100: Private Credit exposures well managed
Private Credit exposures well managed Barclays FY25 Results February 2026 100 Committed exposure c.6% of loans and advances • Private Credit: Lending conducted outside of banks or public debt markets • Barclays provides senior financing on a secured basis against diversified portfolios of private cr
Slide 101: Synthetic risk transfer transactions enhance risk management
Risk transfer transactions enhance Barclays’ risk management capabilities Barclays FY25 Results February 2026 101 Purpose Q425: Barclays transfers c.£54bn1 risk via a variety of structures • The banking book has inherent credit Corporate • Credit linked notes (CLNs) sold to investors risk, driving r
Slide 102: Risk transfer activities focused on corporate loans and credit cards
Risk transfer activities focused on corporate loans and credit cards Barclays FY25 Results February 2026 102 Q425: Corporate loans Q425: US credit cards • Colonnade programme established in 2016 • Initiated risk transfer in Q124 to help optimise • Deployed against exposure in the UK Corporate Bank a
Slide 103: CET1 ratio in relation to our minimum requirements
CET1 ratio in relation to our minimum requirements Barclays FY25 Results February 2026 103 Q425: CET1 minimum requirements MDA 12.2% CCyB 1.0% CCB 2.5% • Have been operating around the top end of our 13-14% CET1 target range • Returns and distributions targets based on operating around this level 14
Slide 104: Low-interest rate sensitivity
Low-interest rate sensitivity Barclays FY25 Results February 2026 104 Illustrative -25bps interest rate sensitivity1 Year 1 Year 2 Year 3 • Illustrative Group income impact from a 25bps downward parallel shift in interest rate curves Swap rates £(50)m £(140)m £(240)m • The sensitivity is calculated
Slide 105: Appendix: Barclays UK
Appendix: Barclays UK Barclays FY25 Results February 2026 105 Income by business (£m) 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Retail Banking 1,500 1,481 1,403 1,309 1,357 1,402 1,433 2,0782 1,573 1,599 1,708 1,702 Of which: UK Cards1 247 237 238 242 229 228 249 296 292 279 296 287 Busines
Slide 106: Non-IFRS performance measures
Non-IFRS performance measures Barclays FY25 Results February 2026 106 US Consumer Bank: Return on average allocated tangible equity1 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Attributable profit (£m) 124 133 163 140 258 280 196 536 490 (256) 379 356 131 302 390 Avg.
Slide 107: Macroeconomic variables
Macroeconomic variables Barclays FY25 Results February 2026 107 Assumptions 2025 2026 2027 2028 UK GDP2 1.4% 1.3% 1.5% 1.4% UK unemployment3 5.1% 4.8% 4.8% 4.8% UK bank rate4 3.75% 3.50% 3.75% 3.75% Hedge reinvestment rate 3.8%5 3.5% 3.5% 3.5% UK inflation6 3.4% 2.5% 2.2% 2.2% Plan (10th February 20
Slide 108: Progress across our sustainability and community initiatives
Progress across our sustainability and community initiatives Barclays FY25 Results February 2026 108 Delivering on our climate ambition Positive impacts in communities Sustainable and Transition finance facilitated Skills and employability $260.7bn Δ cumulative vs. target of $1trn between 2023 and e
Slide 109: Disclaimer
Disclaimer 109 Barclays FY25 Results February 2026 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 110: Contact details, upcoming events and useful presentations
Contact details, upcoming events and useful presentations Barclays Targets Update February 2026 110 Investor Relations Upcoming events barclays.ir@barclays.com 28th April 2026 Q126 results 28th July 2026 Q226 results Useful presentations Progress Update Feb 2025 Link Private Bank and Wealth Manageme