v3.25.4
Consolidated statement of changes in equity - GBP (£)
£ in Millions
Total
Total
Share capital £m
Share premium £m
Other reserves £m
Retained profits £m
Other equity instruments £m
Non-controlling interests
At 1 January at Dec. 31, 2022 £ 43,911 £ 38,370 £ 6,729 [1] £ 18,504 [1] £ 6,587 £ 6,550 [2] £ 5,297 £ 244
Comprehensive income                
Profit for the year 5,518 [3],[4] 4,933       4,933 [2] 527 58
Other comprehensive income                
Post-retirement defined benefit scheme remeasurements, net of tax (1,205) [3] (1,205)       (1,205) [2]    
Movements in revaluation reserve in respect of FVOCI assets, net of tax:                
Debt securities (117) [3] (117)     (117)      
Equity shares (57) [3] (57)     (57)      
Gains and losses attributable to own credit risk, net of tax (168) [3] (168)       (168) [2]    
Movements in cash flow hedge reserve, net of tax 1,710 [3] 1,710     1,710      
Movements in foreign currency translation reserve, net of tax (53) [3] (53)     (53)      
Total other comprehensive income (loss) for the year, net of tax 110 [3] 110     1,483 (1,373) [2]    
Total comprehensive income (loss) for the year 5,628 [3] 5,043     1,483 3,560 [2] 527 58
Transactions with owners                
Dividends (note 34) (1,752) (1,651)       (1,651) [2]   (101)
Distributions on other equity instruments (527)           (527)  
Issue of ordinary shares 131 131 67 [1] 64 [1]        
Share buyback (1,993) (1,993) (438) [1]   438 (1,993) [2]    
Issue of other equity instruments (note 33) 1,772 (6)       (6) [2] 1,778  
Repurchases and redemptions of other equity instruments (note 33) (135)           (135)  
Movement in treasury shares 103 103       103 [2]    
Value of employee services 227 227       227 [2]    
Changes in non-controlling interests 0              
Total transactions with owners (2,174) (3,189) (371) [1] 64 [1] 438 (3,320) [2] 1,116 (101)
Realised gains and losses on FVOCI equity shares 0       0      
At 31 December at Dec. 31, 2023 47,365 40,224 6,358 [1],[5] 18,568 [1],[5] 8,508 6,790 [2],[6] 6,940 201
Transactions with owners                
Comprehensive income, attributable to owners of parent [3] 5,570              
Treasury shares held (in shares) 61              
Total equity excluding non-controlling interests 47,164              
Treasury and other bills 10              
Profit for the year 4,477 [3],[4] 3,923       3,923 [6] 498 56
Post-retirement defined benefit scheme remeasurements, net of tax (564) [3] (564)       (564) [6]    
Debt securities (46) [3] (46)     (46)      
Equity shares 93 [3] 93     93      
Gains and losses attributable to own credit risk, net of tax (56) [3] (56)       (56) [6]    
Movements in cash flow hedge reserve, net of tax 11 [3] 11     11      
Movements in foreign currency translation reserve, net of tax (73) [3] (73)     (73)      
Total other comprehensive income (loss) for the year, net of tax (635) [3] (635)     (15) (620) [6]    
Total comprehensive income (loss) for the year 3,842 [3] 3,288     (15) 3,303 [6] 498 56
Dividends (note 34) (1,911) (1,828)       (1,828) [6]   (83)
Distributions on other equity instruments (498)           (498)  
Issue of ordinary shares 190 190 73 [5] 117 [5]        
Share buyback (2,011) (2,011) (369) [5]   369 (2,011) [6]    
Redemption of preference shares 0     35 [5] (35)      
Issue of other equity instruments (note 33) 757 (6)       (6) [6] 763  
Repurchases and redemptions of other equity instruments (note 33) (1,824) (316)       (316) [6] (1,508)  
Movement in treasury shares (173) (173)       (173) [6]    
Value of employee services 153 153       153 [6]    
Changes in non-controlling interests (2)             (2)
Total transactions with owners (5,319) (3,991) (296) [5] 152 [5] 334 (4,181) [6] (1,243) (85)
Realised gains and losses on FVOCI equity shares 0       0      
At 31 December at Dec. 31, 2024 45,888 39,521 6,062 [5],[7] 18,720 [5],[7] 8,827 5,912 [6],[8] 6,195 172
Transactions with owners                
Comprehensive income, attributable to owners of parent [3] 3,786              
Treasury shares held (in shares) 126              
Total equity excluding non-controlling interests 45,716              
Treasury and other bills 47              
Profit for the year 4,757 4,196       4,196 [8] 463 98
Post-retirement defined benefit scheme remeasurements, net of tax (385) (385)       (385) [8]    
Debt securities 24 24     24      
Equity shares 34 34     34      
Gains and losses attributable to own credit risk, net of tax (91) (91)       (91) [8]    
Movements in cash flow hedge reserve, net of tax 1,692 1,692     1,692      
Movements in foreign currency translation reserve, net of tax 54 54     54      
Total other comprehensive income (loss) for the year, net of tax 1,328 1,328     1,804 (476) [8]    
Total comprehensive income (loss) for the year [9] 6,085 5,524     1,804 3,720 [8] 463 98
Dividends (note 34) (2,051) (2,000)       (2,000) [8]   (51)
Distributions on other equity instruments (463)           (463)  
Issue of ordinary shares 124 124 47 [7] 77 [7]        
Share buyback (1,710) (1,710) (220) [7]   220 (1,710) [8]    
Issue of other equity instruments (note 33) 1,504 (7)       (7) [8] 1,511  
Repurchases and redemptions of other equity instruments (note 33) (1,759)           (1,759)  
Movement in treasury shares 38 38       38 [8]    
Value of employee services 211 211       211 [8]    
Changes in non-controlling interests 0 20       20 [8]   (20)
Total transactions with owners (4,106) (3,324) (173) [7] 77 [7] 220 (3,448) [8] (711) (71)
Realised gains and losses on FVOCI equity shares 0       (107) 107 [8]    
At 31 December at Dec. 31, 2025 [10] 47,867 £ 41,721 £ 5,889 [7] £ 18,797 [7] £ 10,744 £ 6,291 [8] £ 5,947 £ 199
Transactions with owners                
Comprehensive income, attributable to owners of parent 5,987              
Treasury shares held (in shares) 87              
Total equity excluding non-controlling interests 47,668              
Treasury and other bills £ 17              
[1] Share capital and share premium, previously presented in aggregate, are shown separately. Comparatives have been represented on a consistent basis.
[2] Retained profits are stated after deducting £10 million representing 61 million treasury shares held.
[3] 1Current tax and deferred tax impacts, previously shown in aggregate for each reserve, are now presented alongside each line item. Comparatives are represented on a consistent basis.
[4] 1Comparative periods have been represented for presentational changes. See note 1.
[5] Share capital and share premium, previously presented in aggregate, are shown separately. Comparatives have been represented on a consistent basis.
[6] Retained profits are stated after deducting £47 million representing 126 million treasury shares held.
[7] Share capital and share premium, previously presented in aggregate, are shown separately. Comparatives have been represented on a consistent basis.
[8] Retained profits are stated after deducting £17 million representing 87 million treasury shares held.
[9] 1Total comprehensive income attributable to owners of the parent was a surplus of £5,987 million (2024: surplus of £3,786 million; 2023: surplus of £5,570 million).
[10] 2Total equity attributable to owners of the parent was £47,668 million (2024: £45,716 million; 2023: £47,164 million).