Close Brothers Group plc (CBG) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.915 Thank you, Lorenzo, and good morning and welcome to the presentation of Close Brothers 00:00:04.915 -- 00:00:06.457 2025 00:00:06.457 -- 00:00:10.701 preliminary results. I'll begin with an overview of the year. 00:00:10.701 -- 00:00:15.825 After that, I will hand over to Fiona McCarthy, our group CFO, who will walk you through 00:00:15.825 -- 00:00:21.570 our financial performance, and then I'll return to update you on our strategic priorities 00:00:21.570 -- 00:00:24.033 and wrap up the presentation. 00:00:24.033 -- 00:00:28.637 We'll be happy to take your questions afterwards, both via the telephone conference line 00:00:28.637 -- 00:00:33.807 and over the webcast. You can submit your questions either during or after 00:00:33.807 -- 00:00:36.148 the presentation. 00:00:37.435 -- 00:00:42.106 This year has shown that change is possible and that we can move at pace. 00:00:42.106 -- 00:00:47.118 We've strengthened our capital position, reshaped the portfolio and addressed 00:00:47.118 -- 00:00:49.002 legacy issues. 00:00:49.002 -- 00:00:54.033 Our performance demonstrates the resilience of our business model and the impact of these 00:00:54.033 -- 00:00:59.145 actions. We're also encouraged by the growth opportunities across our chosen 00:00:59.145 -- 00:01:02.603 markets, which I'll touch on shortly. 00:01:02.603 -- 00:01:07.732 We significantly strengthened our capital position, with over 400 million 00:01:07.732 -- 00:01:13.822 of CET1 capital generated or preserved since March 2024. 00:01:13.822 -- 00:01:17.769 At 31 July 2025, 00:01:17.769 -- 00:01:23.636 we achieved a CET1 capital ratio of 13.8% or 14.3% 00:01:25.703 -- 00:01:28.220 following the sale of Winterflood. 00:01:28.220 -- 00:01:33.036 This is after taking account o...