Barclays PLC (BCS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

welcome to barclays half year 2025 results analyst and investor conference call i will now hand over to cs venkata krishnan group chief executive before i hand over to anna cross group finance director good morning everyone thank you for joining barclay the second quarter 2025 results call i am very pleased to announce very strong results for this quarter income grew by 14 year-on-year to 7.2 billion pounds profit before taxes grew by 28% to £2.5 billion, and earnings per share grew by 41% to 11.7 pence. Return on tangible equity was 13.2% in the first half of the year and 12.3% in the quarter. This compares to 11.1% in the first half of 2024 and 9.9% in the second quarter of last year. Cost-income ratio at 59% in the second quarter is a 4.0% percentage point improvement versus last year. This performance drove an eighth consecutive quarter of growth in tangible book value per share, now to 384 pence. And it has driven strong capital generation with a CET1 ratio of 14%. As a result, we are announcing a £1 billion buyback today, up from £750 million in the first half of 2024, and we expect to initiate this in the coming days. And we are also announcing a dividend per share of three-tenths. This total of 1.4 billion pounds of shareholder distributions for the first half of 2025 is up 21% year-on-year. And we expect our distributions to continue to build progressively, supported by increasing capital generation. These strong results marked the midpoint of our three-year plan to deliver a better run, more highly performing and higher returning Barclays. I'm very pleased with the group's operational and financial progress so far. We remain committed to and confident in achieving the full objectives of this plan. And this includes a return on tangible equity of circa 11% i...