Barclays PLC (NYSE:BCS) Q2 2025 Earnings Conference Call July 29, 2025 4:30 AM ET
Company Participants
Angela Anna Cross – Group Finance Director & Executive Director
Coimbatore Sundararajan Venkatakrishnan – Group CEO & Executive Director
Conference Call Participants
Alvaro Serrano Saenz de Tejada – Morgan Stanley, Research Division
Amit Goel – Mediobanca—Banca di credito finanziario S.p.A., Research Division
Andrew Philip Coombs – Citigroup Inc., Research Division
Chris Hallam – Goldman Sachs Group, Inc., Research Division
Christopher Cant – Bernstein Autonomous LLP
Guy Stebbings – BNP Paribas Exane, Research Division
Jason Clive Napier – UBS Investment Bank, Research Division
Jonathan Richard Kuczynski Pierce – Jefferies LLC, Research Division
Pui Yee Mong – BofA Securities, Research Division
Robert Noble – Deutsche Bank AG, Research Division
Operator
Welcome to Barclays Half Year 2025 Results Analyst and Investor Conference Call. I will now hand over to C.S. Venkatakrishnan, Group Chief Executive, before I hand over to Anna Cross, Group Finance Director.
Coimbatore Sundararajan Venkatakrishnan
Good morning, everyone. Thank you for joining Barclays’ Second Quarter 2025 Results Call. I’m very pleased to announce very strong results for this quarter. Income grew by 14% year-on-year to GBP 7.2 billion. Profit before taxes grew by 28% to GBP 2.5 billion, and earnings per share grew by 41% to 11.7p. Return on tangible equity was 13.2% in the first half of the year and 12.3% in the quarter.
This compares to 11.1% in the first half of 2024 and 9.9% in the second quarter of last year. Cost-to-income ratio at 59% in the second quarter is a 4 percentage point improvement versus last year. This performance drove an eighth consecutive quarter of growth in tangible book value per share now to 384p and it has driven strong capital generation with a CET1 ratio of 14%.
As a result, we
