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Financial income and expenses
 12 Months Ended
Dec. 31, 2025
Disclosure Of Detailed Finance Cost [Abstract]  
Financial income and expenses 7. Financial income and expenses
2025
2024a
2023a
$m
$m
$m
Financial income
Financial income on deposits and money market funds
33
48
33
Interest income on loans and other assets
16
15
6
49
63
39
Financial expenses
Interest expense on external borrowings
165
131
85
Interest expense on lease liabilities
30
30
29
Unwind of discount on deferred purchase consideration
–
–
1
Other charges
7
17
11
202
178
126
a.In 2025, foreign exchange gains/(losses) have been presented on a separate line of the Group income statement. The 2024 and 2023 amounts were
previously presented within ‘Financial expenses’.
Financial income comprises $34m (2024: $47m, 2023: $24m) relating to financial assets held at amortised cost and $15m
(2024: $16m, 2023: $15m) relating to financial assets held at FVTPL.
Interest expense on external borrowings and unwind of discount on deferred purchase consideration relate to financial liabilities
which are held at amortised cost. Other charges includes bank charges and non-bank interest expense.
In 2025, $44m (2024: $49m, 2023: $43m) was payable to the System Fund in relation to interest accumulated on the balance of
cash received in advance of the consumption of points awarded through the IHG One Rewards loyalty programme. The expense
and corresponding System Fund interest income are eliminated within financial expenses. On a net basis, financial income and
expenses includes $3m (2024: $1m, 2023: $1m) of other interest which is also attributable to the System Fund.