Financial Performance Highlights - The company's Q2'25 operating income increased by 14% year-over-year to $5509 million[5] - Non-Net Interest Income (Non-NII) saw a significant increase of 31% year-over-year in Q2'25, reaching $2806 million[5] - The underlying earnings per share (EPS) for H1'25 increased by 41% year-over-year to 139.2 cents[6, 42] - The tangible net asset value (TNAV) per share increased by 16% year-over-year to 1680 cents[8, 42] Capital Allocation and Shareholder Returns - A new share buyback program of $1300 million was announced[3, 39, 83] - The company is on track to return at least $8 billion to shareholders between 2024 and 2026[3, 57, 83] - Distributions of $6500 million to shareholders have been announced since FY'23 results, including $5300 million in share buybacks and $1200 million in ordinary dividends[40, 42] Business Segment Performance - Global Markets within CIB experienced substantial growth, with income up 47% year-over-year in Q2'25[43, 46] - Wealth Solutions in WRB continued its growth momentum, with income up 20% year-over-year in Q2'25[47] - Ventures segment profit before tax was $130 million in Q2'25, supported by a $238 million gain on the Solv India transaction with Jumbotail[51, 55] Strategic Outlook and Guidance - The company upgraded its 2025 income growth guidance to around the bottom of the 5-7% range at constant currency, excluding notable items[16, 57, 83] - The company expects low single-digit percentage growth in underlying loans and advances to customers for FY'25[34] - The company aims for operating expenses to be less than $12300 million in 2026[22, 57]
渣打集团(02888) - 2025 Q2 - 电话会议演示