v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) - GBP (£)
£ in Millions
Total
Total £m
Share capital £m
Share premium £m
Other reserves £m
Retained profits £m
Other equity instruments £m
Non- controlling interests £m
Beginning balance at Dec. 31, 2024 £ 39,747 £ 33,975 £ 1,574 [1] £ 600 [1] £ 2,389 £ 29,412 £ 5,692 £ 80
Comprehensive income                
Profit for the period 1,940 1,709       1,709 215 16
Other comprehensive income                
Post-retirement defined benefit scheme remeasurements, net of tax (125) (125)       (125)    
Movements in revaluation reserve in respect of FVOCI assets, net of tax:                
Debt securities 143 143     143      
Gains and losses attributable to own credit risk, net of tax 45 45       45    
Movements in cash flow hedge reserve, net of tax 886 886     886      
Movements in foreign currency translation reserve, net of tax 42 42     42      
Total other comprehensive (loss) income for the period, net of tax 991 991     1,071 (80)    
Total comprehensive income for the period [2] 2,931 2,700     1,071 1,629 215 16
Transactions with owners                
Dividends (note 14) (640) (640)       (640)    
Distributions on other equity instruments (215)           (215)  
Issue of other equity instruments 744 (9)       (9) 753  
Repurchases and redemptions of other equity instruments (640) 47       47 (687)  
Capital contributions received 83 83       83    
Return of capital contributions (1) (1)       (1)    
Changes in non-controlling interests 0 20       20   (20)
Total transactions with owners (669) (500)       (500) (149) (20)
Ending balance at Jun. 30, 2025 [3] 42,009 36,175 1,574 [1],[4] 600 [1],[4] 3,460 30,541 5,758 76
Comprehensive income                
Profit for the period 1,916 1,716       1,716 189 11
Other comprehensive income                
Post-retirement defined benefit scheme remeasurements, net of tax (260) (260)       (260)    
Movements in revaluation reserve in respect of FVOCI assets, net of tax:                
Debt securities 17 17     17      
Gains and losses attributable to own credit risk, net of tax (136) (136)       (136)    
Movements in cash flow hedge reserve, net of tax 655 655     655      
Movements in foreign currency translation reserve, net of tax 28 28     28      
Total other comprehensive (loss) income for the period, net of tax 304 304     700 (396)    
Total comprehensive income for the period [5] 2,220 2,020     700 1,320 189 11
Transactions with owners                
Dividends (note 14) (1,766) (1,750)       (1,750)   (16)
Distributions on other equity instruments (189)           (189)  
Issue of other equity instruments 756 (5)       (5) 761  
Repurchases and redemptions of other equity instruments (1,118) 34       34 (1,152)  
Capital contributions received 68 68       68    
Total transactions with owners (2,249) (1,653)       (1,653) (580) (16)
Ending balance at Dec. 31, 2025 [6] 41,980 36,542 1,574 [4] 600 [4] 4,160 30,208 5,367 71
Comprehensive income                
Profit for the period 2,651 2,436       2,436 213 2
Other comprehensive income                
Post-retirement defined benefit scheme remeasurements, net of tax 66 66       66    
Movements in revaluation reserve in respect of FVOCI assets, net of tax:                
Debt securities 103 103     103      
Gains and losses attributable to own credit risk, net of tax (3) (3)       (3)    
Movements in cash flow hedge reserve, net of tax (370) (370)     (370)      
Movements in foreign currency translation reserve, net of tax (30) (30)     (30)      
Total other comprehensive (loss) income for the period, net of tax (234) (234)     (297) 63    
Total comprehensive income for the period [7] 2,417 2,202     (297) 2,499 213 2
Transactions with owners                
Dividends (note 14) (1,187) (1,180)       (1,180)   (7)
Distributions on other equity instruments (213)           (213)  
Issue of other equity instruments 498 (2)       (2) 500  
Repurchases and redemptions of other equity instruments (678) 5       5 (683)  
Capital contributions received 81 81       81    
Total transactions with owners (1,499) (1,096)       (1,096) (396) (7)
Ending balance at Jun. 30, 2026 [8] £ 42,898 £ 37,648 £ 1,574 [9] £ 600 [9] £ 3,863 £ 31,611 £ 5,184 £ 66
[1] Share capital and share premium, previously presented in aggregate, are shown separately. Comparatives have been
represented on a consistent basis.
[2] Total comprehensive income attributable to owners of the parent was £2,915 million.
[3] Total equity attributable to owners of the parent was £41,933 million
[4] Share capital and share premium, previously presented in aggregate, are shown separately. Comparatives have been
represented on a consistent basis.
[5] Total comprehensive income attributable to owners of the parent was £2,209 million.
[6] Total equity attributable to owners of the parent was £41,909 million
[7] Total comprehensive income attributable to owners of the parent was £2,415 million.
[8] Total equity attributable to owners of the parent was £42,832 million
[9] Share capital and share premium, previously presented in aggregate, are shown separately. Comparatives have been
represented on a consistent basis.