Lloyds Banking Group plc (LLOY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining our 2025 full year results presentation. It's great that the move to prelims has allowed us to update you earlier than prior years. This means our organisation can make a fast start and increase our focus on the year ahead as we enter the final stage of the strategy that we laid out in early 2022. I'm very pleased with our ongoing strategic transformation and 2025 was another strong year for the group. we're building significant momentum that sets us up well to deliver upgraded 2026 commitments and stronger sustainable returns for the period. I'm very excited about the plans we're developing for our next strategic phase, and you'll hear more about this in July alongside our half-year results. As usual, following my opening remarks, I'll hand over to William who'll run through the financials in detail. We'll then have plenty of time to take questions. Let me begin on slide three. I'd like to start by highlighting the following key messages. Firstly, our strategic delivery is accelerating and building momentum across the business. We're on track to meet or exceed our 2026 strategic targeted outcomes, delivering clear benefits for all stakeholders. Secondly, our continued strategic execution underpins sustained strength in financial performance and growth in shareholder distributions. we've announced a 15% increase in the ordinary dividend alongside a share back of up to 1.75 billion pounds. And finally, we're confident in our outlook. We are upgrading our guidance for 2026 and are committed to further improvements in financial performance beyond this. Turning now to a performance overview on slide four. We delivered strong outcomes for all stakeholders in 2025. Our clear purpose of helping Britain prosper continues to dri...