Lloyds Group expects profits of £4,196m (€4,825m) in 2025, up 7% on a like-for-like basis, and announced this fifth day, 29
The value is comparable to £3,923 million (€4,512 million) in 2024.
The increase in cash results was achieved by costing customers £968m (€1,112m), including an additional charge of £800m (€920m) in the third quarter to compensate affected customers Allowed for unforeseen repairs to cars with unreported faults.
Gross profit was 11.5%, or £6,661m (€7,660m), compared to £5,971m (€6,867m) in 2024.
For now, revenue is up 8% to £19,422m with financial margin up 6% to £13,230m.
Operating customers increased by 3% to £11,966m driven by strategic investment and inflationary pressures.
On the credit card side, subia 5%, for £481.1m, less a 3% increase in our deposits (£496.5m).
The bank’s board is proposing an extraordinary ordinary dividend of 3.65p per share, which is 15% over 2024, I am set to announce a share buyback program of up to £1,750m.
Group Executive Chairman Charlie Nunn has announced that it will enter the second phase of its five-year strategy in 2025 with a commitment to deliver value for customers, shareholders and society.
“We have successfully supported our position in our first position until 2026 and beyond,” said the executive, quoted by Efe.
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