AIB Group plc (AIBG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of our interim results for 2025, our first set of results as a fully privatised company in over 15 years. As usual, I will spend a few moments reflecting on the highlights of the first half, give some time to the economic performance and outlook, and update you on our progress on the Group's three strategic priorities before I hand over to Donal who will bring us through the financial details and then, as usual, we will open to the floor for questions. We're now halfway through our current strategic cycle. We're very pleased with the performance of the business and are confident in the outlook for this year and beyond. In the first half of this year, we delivered a profit after tax of €927 million, representing a return on tangible equity of 21.4%. We maintained an exceptionally strong capital position with a CET1 ratio of 16.4%, while the Irish state exited our share register at the end of the half with total proceeds of €20.5 billion to date. The state stood behind AIB Group when that support was vital to our continued existence as a key part of the country's economic infrastructure, and we remain extremely grateful to the taxpayers of Ireland. Notwithstanding a significant easing of monetary policy, our net interest income remains resilient and in line with expectations at €1.9 billion and a half, And on foot of the strong performance, we are pleased to be resuming the payment of interim dividends with a cash distribution of €263 million. And this is the first interim dividend that AIB has paid in 17 years, reflecting the full post-crisis normalisation of the group. Sustainability sits at the very heart of our purpose and we remain committed to our leadership standing in this critical area. The first half saw further si...