v3.26.1
CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - GBP (£)
£ in Millions
 6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Cash flows (used in) provided by operating activities      
Profit before tax £ 4,293 £ 3,157 £ 3,504
Adjustments for:      
Change in operating assets (39,576) (31,529) (9,160)
Change in operating liabilities 51,570 23,222 12,181
Non-cash and other items 2,351 4,108 2,323
Tax paid (968) (752) (1,553)
Tax refunded 150 0 200
Net cash provided by (used in) operating activities 17,820 (1,794) 7,495
Cash flows used in investing activities      
Purchase of financial assets (13,611) (12,382) (7,380)
Proceeds from sale and maturity of financial assets 9,416 9,570 4,739
Purchase of property, plant and equipment (2,575) (2,909) (2,162)
Purchase of other intangible assets (827) (693) (559)
Proceeds from sale of property, plant and equipment 837 940 620
Net cash provided by (used in) other investing activities 0 (2) 2
Acquisition of businesses and joint ventures, net of cash acquired (58) 88 (61)
Net cash used in investing activities (6,818) (5,388) (4,801)
Cash flows used in financing activities      
Dividends paid to ordinary shareholders (1,420) (729) (1,271)
Distributions in respect of other equity instruments (229) (218) (245)
Distributions in respect of non-controlling interests (32) (28) (23)
Interest paid on subordinated liabilities (394) (395) (411)
Proceeds from issue of subordinated liabilities 496 7 1,750
Proceeds from issue of other equity instruments 0 755 749
Proceeds from issue of ordinary shares 63 18 81
Share buyback (1,176) (975) (735)
Repurchases and redemptions of subordinated liabilities (1,121) (1,024) (904)
Repurchases and redemptions of other equity instruments (378) (1,118) (641)
Net cash used in financing activities (4,191) (3,707) (1,650)
Effects of exchange rate changes on cash and cash equivalents 47 318 (696)
Change in cash and cash equivalents 6,858 (10,571) 348
Cash and cash equivalents at beginning of period 60,593 71,164 70,816
Cash and cash equivalents at end of period £ 67,451 £ 60,593 £ 71,164