HSBC Holdings plc has published its Annual Report and Accounts 2025, covering the year ended 31 December 2025. The report outlines a decline in reported profit before tax compared with the prior year, driven mainly by notable items, while performance excluding notable items improved, supported by growth in wealth-related fee income and wholesale transaction banking activity. The bank reported higher revenue year on year and maintained its common equity tier 1 capital ratio. HSBC also highlighted ongoing organisational simplification initiatives, portfolio exits and strategic reviews in selected markets, and confirmed completion of the privatisation of Hang Seng Bank in January 2026. The full report can be accessed through the link below.

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