Impressive Financial Growth

Barclays PLC has kicked off the fiscal year 2025 with remarkable financial results, announcing an 11% annual increase in total income, reaching £7.7 billion in the first quarter.

Profitability on the Rise

The bank's profit before tax witnessed a significant 19% growth compared to the same period last year, totaling £2.7 billion. Meanwhile, profit after tax saw a 16% increase to £2.1 billion, with attributable profit soaring by 20% to £1.9 billion.

Earnings and Returns

Basic earnings per ordinary share rose from 10.3 pence to 13 pence, and the return on tangible equity (ROTE) was reported at a healthy 14%.

Leadership's Perspective

"Our high quality, diversified businesses, together with proactive risk, capital and liquidity management and a robust balance sheet, position us well to support our customers and clients and deliver strong risk-adjusted returns in a wide range of macroeconomic scenarios," stated Chief Executive C. S. Venkatakrishnan.