v3.26.1
Condensed Consolidated Statement of Changes in Equity (Unaudited) - GBP (£)
£ in Millions
Total
Share capital
Share premium
Other equity instruments
Capital contribution reserve
Fair value
Cash flow hedging
Cost of hedging
Currency translation
Retained earnings
Beginning balance at Dec. 31, 2024 £ 13,773 £ 3,105 £ 5,620 £ 1,860 £ 0 £ (17) £ (317) £ 0 £ 1 £ 3,521
Profit after tax 551                 551
Other comprehensive income, net of tax:                    
- Fair value reserve (debt instruments) 6         6        
- Cash flow hedges 450           450      
- Cost of hedging 0                  
- Pension remeasurement 1                 1
- Own credit adjustment 3                 3
Total other comprehensive (expense)/income net of tax 460         6 450     4
Total comprehensive income 1,011         6 450     555
Issue of other equity instruments 500     500            
Repurchase of other equity instruments (500)     (500)            
Dividends on preference shares and other equity instruments (67)                 (67)
Ending balance at Jun. 30, 2025 14,717 3,105 5,620 1,860 0 (11) 133 0 1 4,009
Beginning balance at Dec. 31, 2025 15,148 3,105 1,119 1,860 0 (6) 212 (20) 0 8,878
Profit after tax 374                 374
Other comprehensive income, net of tax:                    
- Fair value reserve (debt instruments) 10         10        
- Cash flow hedges (227)           (227)      
- Cost of hedging 16             16    
- Pension remeasurement (30)                 (30)
- Own credit adjustment (2)                 (2)
Total other comprehensive (expense)/income net of tax (233)         10 (227) 16   (32)
Total comprehensive income 141         10 (227) 16   342
Issue of ordinary shares 1,600 1,600                
Issue of other equity instruments 410     410            
Repurchase of other equity instruments (210)     (210)            
Dividends on preference shares and other equity instruments (73)                 (73)
Ending balance at Jun. 30, 2026 £ 17,016 £ 4,705 £ 1,119 £ 2,060 £ 0 £ 4 £ (15) £ (4) £ 0 £ 9,147