Lloyds Banking Group plc (LYG) H1 2025 Earnings Call Transcript

2025-07-26 00:09:54 ET

Lloyds Banking Group plc (LYG)

H1 2025 Earnings Call

July 24, 2025 4:30 A.M. ET

Company Participants

Charles Alan Nunn - Group Chief Executive & Executive Director

William Leon David Chalmers - Group CFO & Executive Director

Conference Call Participants

Amandeep Singh Rakkar - Barclays Bank PLC, Research Division

Benjamin Toms - RBC Capital Markets, Research Division

Benjamin D. Caven-Roberts - Goldman Sachs Group, Inc., Research Division

Christopher Cant - Bernstein Autonomous LLP

Edward Hugo Anson Firth - Keefe, Bruyette, & Woods, Inc., Research Division

Guy Stebbings - BNP Paribas Exane, Research Division

Jason Clive Napier - UBS Investment Bank, Research Division

Jonathan Richard Kuczynski Pierce - Jefferies LLC, Research Division

Sheel Shah - JPMorgan Chase & Co, Research Division

Presentation

Operator

Thank you for standing by, and welcome to the Lloyds Banking Group 2025 Half Year Results Call. [Operator Instructions] There will be presentations from Charlie Nunn and William Chalmers followed by a question-and-answer session [Operator Instructions] Please note this call is scheduled for 90 minutes and is being recorded. I will now hand over to Charlie Nunn, please go ahead.

Charles Alan Nunn

Thank you, operator, and good morning, everyone, and thank you for joining our 2025 half year results presentation. I'll start today with an overview of our financial and strategic performance, where we've continued to make strong progress having moved into the second day of our transformation at the beginning of the year. I'll then hand over to William, who will run through the financials in detail before we take your questions. Let me begin on Slide 3.

I'd like to start by highlighting the following key messages. Firstly, we're continuing to deliver strong outcomes for all stakeholders. Our strategy is providing our customers with leading propositions and supporting the real economy, creating attractive growth opportunities and improved operating leverage across the group. We're on track to meet our 2026 targeted strategic outcomes.

Secondly, we continue to demonstrate broad-based and sustained strength in financial funds. This has enabled continued improvement in shareholder distributions with the ordinary dividend up 15% at the interim stage. And finally, we remain confident of delivering higher, more sustainable returns. We are reaffirming our guidance for 2025 and remain confident in our 2026 commitments....

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