Barclays PLC (BCS) Q2 2025 Earnings Call

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WEBVTT 00:00:01.651 -- 00:00:07.218 welcome to barclays half year 2025 results analyst and investor conference call 00:00:07.218 -- 00:00:12.225 i will now hand over to cs venkata krishnan group chief executive before i hand over 00:00:12.225 -- 00:00:16.187 to anna cross group finance director 00:00:16.270 -- 00:00:21.857 good morning everyone thank you for joining barclay the second quarter 2025 results call 00:00:21.857 -- 00:00:26.343 i am very pleased to announce very strong results for this quarter income grew by 14 00:00:26.343 -- 00:00:31.418 year-on-year to 7.2 billion pounds profit before taxes 00:00:31.418 -- 00:00:34.059 grew by 28% to £2.5 00:00:34.141 -- 00:00:38.466 billion, and earnings per share grew by 41% to 11.7 pence. 00:00:38.466 -- 00:00:40.466 Return 00:00:41.068 -- 00:00:46.875 on tangible equity was 13.2% in the first half of the year and 12.3% in the 00:00:46.875 -- 00:00:50.418 quarter. This compares to 11.1% 00:00:50.418 -- 00:00:53.662 in the first half of 2024 and 9.9% 00:00:53.662 -- 00:00:58.827 in the second quarter of last year. Cost-income ratio at 59% 00:00:58.827 -- 00:01:03.875 in the second quarter is a 4.0% percentage point improvement versus last 00:01:03.875 -- 00:01:09.080 year. This performance drove an eighth consecutive quarter 00:01:09.080 -- 00:01:14.144 of growth in tangible book value per share, now to 384 00:01:14.144 -- 00:01:19.409 pence. And it has driven strong capital generation with a CET1 ratio 00:01:19.409 -- 00:01:21.469 of 14%. 00:01:21.911 -- 00:01:27.256 As a result, we are announcing a £1 billion buyback today, up from £750 00:01:27.256 -- 00:01:30.008 million in the first half of 2024, 00:01:30.008 -- 00:01:33.474 and we expect to initiate this in the coming days. 00:01:33.474 -- 00:01:37.781 And we ar...