Lloyds Banking Group Q2 Financial Highlights

Lloyds Banking Group plc has announced its financial results for the second quarter of 2025, revealing a net income of £4.52 billion. This marks a 3% increase compared to the same period last year, albeit slightly missing market estimates.

Underlying profit saw a significant rise of 32% year on year, reaching £2 billion. The earnings per share were reported at 2.1 pence, with the cost-to-income ratio improving to 52.2%. Additionally, the return on tangible equity increased by 2.9 percentage points to 15.5%.

First Half of 2025 Performance

For the first six months of the year, Lloyds reported a 6% increase in net income to £8.9 billion. Earnings per share also rose from 3.4 pence to 3.8 pence compared to the previous year.

CEO Charlie Nunn commented on the results, stating, "Our strategic progress and sustained strength in our financial performance allow us to re-affirm our 2025 guidance and gives us confidence in our 2026 commitments. It also underpins our delivery of higher, more sustainable returns for our shareholders."