Full Year 2025 Barclays PLC Fixed Income Call Transcript

Feb 10, 2026 / 02:30PM GMT
Release Date Price: MXN461
Operator

Welcome to Barclays full year 2025 fixed income conference call. I will now hand over to Anna Cross, Group Finance Director; and Dan Fairclough, Group Treasurer.

Anna Cross
Barclays PLC - Group Finance Directo

Good afternoon and welcome to the full year 2025 fixed income investor call I'm joined by Dan Fairclough, our Group Treasurer.

Let me begin with a brief overview of our financial performance in 2025 and key areas of the progress and targets update announced this morning. Barclays achieved all financial targets and guidance in 2025. We generated a return on tangible equity of 11.3%. Top line income grew by 9% year-on-year to GBP29.1 billion, and we achieved our NII guidance for the group and for Barclays UK.

Our cost/income ratio once again improved year-on-year to 61%. And the group loss rate of 52 basis points was comfortably within the 50 basis points to 60 basis points through the cycle guidance. Finally, we remained well capitalized, ending the year at the top of our 13% to 14% target range after accounting for today's buyback.

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