Ge Long Hui·2026-02-25 04:21Core Insights - HSBC Holdings reported a decrease in reported pre-tax profit by $2.4 billion to $29.9 billion for the year ending December 31, 2025, primarily due to a negative impact of $4.9 billion from notable items [1] - The adjusted pre-tax profit, excluding notable items, increased by $2.4 billion to $36.6 billion, driven by strong performance in international wealth management, retail banking, and wholesale banking [1] Financial Performance - Revenue for 2025 increased by $2.4 billion to $68.3 billion, representing a growth of 4%, mainly due to growth in wealth management and wholesale banking [1] - The fourth quarter of 2025 saw a reported pre-tax profit increase of $4.5 billion to $6.8 billion, with revenue rising by $4.3 billion to $16.4 billion, a 42% increase [2] Capital and Dividend Strategy - The Common Equity Tier 1 capital ratio remained at 14.9%, reflecting an increase in risk-weighted assets offset by capital generation [2] - The board approved a fourth dividend of $0.45 per share, totaling $0.75 per share for 2025, with a target payout ratio of 50% for 2026 to 2028 [2] Future Goals - The company aims for an average tangible equity return of 17% or higher for 2026, 2027, and 2028, reflecting a positive growth trend in profitability [2] - HSBC targets a revenue growth of 5% for 2028 compared to 2027, excluding notable items and based on fixed exchange rates [2]