HSBC Holdings plc (HKEX:5) disclosed its 2025 financial results, highlighting a reported profit before tax of 29.90 billion USD, compared with 32.31 billion USD in 2024. Profit after tax reached 23.10 billion USD. Excluding notable items, profit before tax on a constant currency basis was 36.62 billion USD.

Revenue rose 2.40 billion USD to 68.27 billion USD. The bank’s net interest income stood at 34.80 billion USD, up 2.10 billion USD from the previous year. Net interest margin was 1.59%, an increase of 3 basis points.

Expected credit losses amounted to 3.90 billion USD, increasing by 0.40 billion USD versus 2024. Operating expenses climbed to 36.40 billion USD, reflecting a 10% increase primarily due to notable items, planned investments, and inflation effects.

Return on average tangible equity was 13.3%, or 17.2% excluding notable items. The common equity tier 1 capital ratio remained at 14.9%. Customer lending balances rose by 57.70 billion USD, while customer accounts grew by 131.90 billion USD.

A fourth interim dividend of 0.45 USD per share was approved, yielding a total of 0.75 USD per share for 2025. The Board reaffirmed its 50% dividend payout ratio target basis and noted that the annual general meeting will consider relevant resolutions in due course.