Full Year 2025 Standard Chartered PLC Earnings Call Transcript
Key Points
- Standard Chartered PLC (SCBFF) achieved a record annual income of $20.9 billion in 2025, marking an 8% year-on-year increase.
- The company's underlying return on tangible equity for 2025 was 14.7%, surpassing their target for 2026.
- The wealth business grew by 24%, supported by record net new money of $52 billion.
- A new $1.5 billion share buyback was announced, alongside a 65% increase in the full-year dividend per share.
- The company has exceeded its 2024 to 2026 group targets a year early, demonstrating strong financial performance and strategic success.
- Fourth-quarter income was broadly flat due to weaker global markets, impacting the overall performance.
- Interest rate headwinds and a softer fourth quarter for episodic income posed challenges.
- The company expects net interest income (NII) to be broadly flat in 2026, indicating potential stagnation in this area.
- Credit impairment for 2025 was $676 million, up around $100 million from 2024.
- The transition to reporting on a reported basis from underlying financials may cause some initial confusion among investors.
Good morning and good afternoon everyone, and welcome to our full year 2025 results call. I'm joined here in London by Pete Borough, our interim group CFO, and Manna Costello, our global head of investor relations. We'll take you through our results and outlook before opening up for questions.
2025 was an extraordinary year by any measure. It tested the resilience of the global system and the relevance of institutions operating within it.
It was a year shaped by heightened geopolitical tension, tariff announcements, and periods of significant financial market volatility across multiple asset classes.
But it was also a year that demonstrated something fundamental that global trade, capital flows, and economic connectivity endure and even thrive, and that institutions built to support them responsibly and at scale matter more than ever. Now when I spoke to you at our first quarter results in the immediate aftermath of the tariff announcements, I said that we were entering that period of
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