巴克萊H126業績：RoTE升至14.8%，收入增11%，稅前利潤升17%

bcs-20260630_d2

Barclays PLC

          1                                            

Exhibit 99.1
Barclays PLC
This exhibit includes portions from the previously published Results Announcement of Barclays PLC relating to the six 
months ended 30 June 2026, as amended in part to comply with the requirements of Regulation G and Item 10(e) of 
Regulation S-K promulgated by the US Securities and Exchange Commission (SEC), including the reconciliation of certain 
financial information to comparable measures prepared in accordance with International Financial Reporting Standards 
(IFRS). The purpose of this document is to provide such additional disclosure as required by Regulation G and Regulation S-K 
item 10(e), to delete certain information not in compliance with SEC regulations and to include reconciliations of certain 
non-IFRS figures to the most directly equivalent IFRS figures for the periods presented. This document does not update or 
otherwise supplement the information contained in the previously published Results Announcement. Any reference to a 
website in this document is made for informational purposes only, and information found at such websites is not 
incorporated by reference into this document.
An audit opinion has not been rendered in respect of this document.

Barclays PLC

          2                                            

Results Announcement

Page

Notes

3

Performance Highlights

5

Group Finance Director’s Review

9

Results by Business

•  Barclays UK

11

•  Barclays UK Corporate Bank

13

•  Barclays Private Bank and Wealth Management

14

•  Barclays Investment Bank

15

•  Barclays US Consumer Bank

17

•  Head Office

19

Quarterly Results Summary

20

Quarterly Results by Business

21

Performance Management

•  Margins and Balances

28

Risk Management

•  Risk Management and Principal Risks

30

•  Credit Risk

31

•  Market Risk

52

•  Treasury and Capital Risk

53

Condensed Consolidated Financial Statements

62

Financial Statement Notes

68

Appendix: Non-IFRS Performance Measures

88

Appendix: Loan Loss Rate Calculations

92

Appendix: Income Over RWAs Calculations

95

Shareholder Information

96

Glossary of Terms

97

BARCLAYS PLC, 1 CHURCHILL PLACE, LONDON, E14 5HP, UNITED KINGDOM. TELEPHONE: +44 (0) 20 7116 1000. COMPANY NO. 48839.

Barclays PLC

          3                                            

Notes

The terms Barclays and Group refer to Barclays PLC together with its subsidiaries. Unless otherwise stated, the income statement analysis compares 
the six months ended 30 June 2026 to the corresponding six months of 2025 and balance sheet analysis as at 30 June 2026 with comparatives 
relating to 31 December 2025 and 30 June 2025. The abbreviations ‘£m’ and ‘£bn’ represent millions and thousands of millions of Pounds Sterling 
respectively; the abbreviations ‘$m’ and ‘$bn’ represent millions and thousands of millions of US Dollars respectively; and the abbreviations ‘€m’ and 
‘€bn’ represent millions and thousands of millions of Euros respectively.
There are a number of key judgement areas, for example impairment calculations, which are based on models and which are subject to ongoing 
adjustment and modifications. Reported numbers reflect best estimates and judgements at the given point in time.
Relevant terms that are used in this document but are not defined under applicable regulatory guidance or International Financial Reporting 
Standards (IFRS) are explained in the results glossary, which can be accessed at home.barclays/investor-relations.
The information in this announcement, which was approved by the Board of Directors on 27 July 2026, does not comprise statutory accounts within 
the meaning of Section 434 of the Companies Act 2006. Statutory accounts for the year ended 31 December 2025, which contain an unmodified 
audit report under Section 495 of the Companies Act 2006 (which does not make any statements under Section 498 of the Companies Act 2006) 
have been delivered to the Registrar of Companies in accordance with Section 441 of the Companies Act 2006.
Barclays is a frequent issuer in the debt capital markets and regularly meets with investors via formal roadshows and other ad hoc meetings. 
Consistent with its usual practice, Barclays expects that from time to time over the coming quarter it will meet with investors globally to discuss these 
results and other matters relating to the Group.
Non-IFRS performance measures
Barclays’ management believes that the non-IFRS performance measures included in this document provide valuable information to the readers of 
the financial statements as they enable the reader to identify a more consistent basis for comparing the businesses’ performance between financial 
periods and provide more detail concerning the elements of performance which the managers of these businesses are most directly able to influence 
or are relevant for an assessment of the Group. They also reflect an important aspect of the way in which operating targets are defined and 
performance is monitored by Barclays’ management. However, any non-IFRS performance measures in this document are not a substitute for IFRS 
measures and readers should consider the IFRS measures as well. Refer to the appendix on pages 88 to 91.

Key non-IFRS measures included in this document, and the most directly comparable IFRS measures, are:
– Average allocated equity represents the average shareholders’ equity that is allocated to the businesses. The comparable IFRS measure is average 
equity. A reconciliation is provided on pages 89 to 90;
Average tangible equity refers to:
– Average allocated tangible equity (for businesses) is calculated as the average of the previous month’s period end allocated tangible equity and 
the current month’s period end allocated tangible equity. The average allocated tangible equity for the period is the average of the monthly 
averages within that period. Period end allocated tangible equity is calculated as 13.5% (2025: 13.5%) of RWAs for each business, adjusted for 
capital deductions, excluding goodwill and intangible assets, reflecting the assumptions the Barclays Group uses for capital planning purposes. 
Head Office allocated tangible equity represents the difference between the Barclays Group’s tangible shareholders’ equity and the amounts 
allocated to businesses. The comparable IFRS measure is average equity. A reconciliation is provided on pages 89 to 90;
– Average tangible shareholders’ equity (for Barclays Group) is calculated as the average of the previous month’s period end tangible shareholders' 
equity and the current month’s period end tangible shareholders' equity. The average tangible shareholders’ equity for the period is the average of 
the monthly averages within that period. The comparable IFRS measure is average equity. A reconciliation is provided on pages 89 to 90;
– Group net interest income (NII) excluding Barclays Investment Bank (IB) and Head Office represents Group NII excluding IB NII and Head Office NII. 
The comparable IFRS measure is Group NII. A reconciliation is provided on page 90;
– Group operating costs represents group operating expenses excluding UK regulatory levies and litigation and conduct charges. The comparable 
IFRS measure is total operating expenses. A reconciliation is provided on page 90;
– Return on average allocated equity represents the return on average shareholders’ equity that is allocated to the businesses. The comparable IFRS 
measure is return on equity. A reconciliation is provided on page 91;
Return on tangible equity refers to:
– Return on average allocated tangible equity (for businesses) is calculated as annualised Group attributable profit, as a proportion of average 
shareholders’ tangible equity. The comparable IFRS measure is return on equity. A reconciliation is provided on page 88;
– Return on average tangible shareholders’ equity (for Barclays Group) is calculated as the annualised profit after tax attributable to ordinary equity 
holders of the parent, as a proportion of average shareholders’ equity excluding non-controlling interests and other equity instruments adjusted for 
the deduction of intangible assets and goodwill. The comparable IFRS measure is return on equity. A reconciliation is provided on page 89;
– Tangible net asset value per share is calculated by dividing shareholders’ equity, excluding non-controlling interests and other equity instruments, 
less goodwill and intangible assets, by the number of issued ordinary shares. The comparable IFRS measure is net asset value per share. A 
reconciliation is provided on page 91.

Barclays PLC

          4                                            

Notes

Forward-looking statements
This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as 
amended, and Section 27A of the US Securities Act of 1933, as amended, with respect to the Group. Barclays cautions readers that no forward-
looking statement is a guarantee of future performance and that actual results or other financial condition or performance measures could differ 
materially from those contained in the forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate 
only to historical or current facts. Forward-looking statements sometimes use words such as ‘may’, ‘will’, ‘seek’, ‘continue’, ‘aim’, ‘anticipate’, ‘target’, 
‘projected’, ‘expect’, ‘estimate’, ‘intend’, ‘plan’, ‘goal’, ‘believe’, ‘achieve’ or other words of similar meaning. Forward-looking statements can be made 
in writing but also may be made verbally by directors, officers and employees of the Group (including during management presentations) in 
connection with this document. Examples of forward-looking statements include, among others, statements or guidance regarding or relating to the 
Group’s future financial position, business strategy, income levels, costs, assets and liabilities, impairment charges, provisions, capital leverage and 
other regulatory ratios, capital distributions (including policy on dividends and share buybacks), return on tangible equity, projected levels of growth 
in banking and financial markets, industry trends, any commitments and targets (including sustainability-related commitments and targets), plans 
and objectives for future operations, International Financial Reporting Standards (“IFRS”) and other statements that are not historical or current facts. 
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking 
statements speak only as at the date on which they are made. Forward-looking statements may be affected by a number of factors, including, 
without limitation: changes in legislation, regulations, governmental and regulatory policies, expectations and actions, voluntary codes of practices 
and the interpretation thereof, changes in IFRS and other accounting standards, including practices with regard to the interpretation and application 
thereof and emerging and developing sustainability reporting standards (including emissions accounting methodologies); changes in tax laws and 
practice; the outcome of current and future legal proceedings and regulatory investigations; the Group’s ability along with governments and other 
stakeholders to measure, manage and mitigate the impacts of climate change effectively or navigate inconsistencies and conflicts in the manner in 
which climate policy is implemented in the regions where the Group operates, including as a result of the adoption of rules and regulations taking a 
different or opposing position on sustainability matters, or other forms of governmental and regulatory action against sustainability policies; 
environmental, social and geopolitical risks and incidents and similar events beyond the Group’s control; financial crime; the impact of competition in 
the banking and financial services industry; capital, liquidity, leverage and other regulatory rules and requirements applicable to past, current and 
future periods; UK, US, Eurozone and global macroeconomic and business conditions, including inflation; volatility in credit and capital markets; 
market related risks such as changes in interest rates and foreign exchange rates; reforms to benchmark interest rates and indices; higher or lower 
asset valuations; changes in credit ratings of any entity within the Group or any securities issued by it; changes in counterparty risk; changes in 
consumer behaviour; changes in trade policy, including the imposition of tariffs or other protectionist measures; the direct and indirect consequences 
of the conflicts in the Middle East and Ukraine on European and global macroeconomic conditions, political stability and financial markets; changes in 
US legislation and policy; developments in the UK’s relationship with the European Union; the risk of cyberattacks, information or security breaches, 
technology failures or operational disruptions and any subsequent impact on the Group’s reputation, business or operations; the use of new 
technology, including artificial intelligence; the Group’s ability to access funding; and the success of acquisitions, disposals, joint ventures and other 
strategic transactions. A number of these factors are beyond the Group’s control. As a result, the Group’s actual financial position, results, financial 
and non-financial metrics or performance measures or its ability to meet commitments and targets may differ materially from the statements or 
guidance set forth in the Group’s forward-looking statements. In setting its targets and outlook for the period 2026-2028, Barclays has made certain 
assumptions about the macroeconomic environment, including, without limitation, inflation, interest and unemployment rates, the different markets 
and competitive conditions in which Barclays operates, and its ability to grow certain businesses and achieve costs savings and other structural 
actions. Additional risks and factors which may impact the Group’s future financial condition and performance are identified in Barclays PLC’s filings 
with the US Securities and Exchange Commission (“SEC”) (including, without limitation, Barclays PLC’s Annual Report on Form 20-F for the financial 
year ended 31 December 2025), which are available on the SEC’s website at www.sec.gov.
Subject to Barclays PLC's obligations under the applicable laws and regulations of any relevant jurisdiction (including, without limitation, the UK and 
the US) in relation to disclosure and ongoing information, we undertake no obligation to update publicly or revise any forward-looking statements, 
whether as a result of new information, future events or otherwise.

Barclays PLC

          5                                            

Performance Highlights

Barclays delivered a return on equity (RoE) of 12.9% and a return on tangible equity (RoTE) of 
14.8% in H126, announced £2.3bn total capital distributions, and is on track to deliver its 2026 
and 2028 targets

•H126 Group RoE of 12.9% (H125: 11.4%) and H126 Group RoTE of 14.8% (H125: 13.2%), and Q226 Group RoE of 
14.0% (Q225: 10.7%) and Q226 Group RoTE of 16.1% (Q225: 12.3%)
–All divisions delivered double digit RoE and RoTE for H126 and Q226
•H126 EPS of 30.7p (H125: 24.7p) and Q226 EPS of 16.7p (Q225: 11.7p)
•2026 Group income target increased to c.£31.5bn (from c.£31bn)
–2026 Group net interest income (NII) excluding Barclays Investment Bank and Head Office increased to greater than 
£13.7bn3 (from greater than £13.5bn)
•Strong CET1 ratio of 14.3% and announced intention to initiate a share buyback of up to £1.0bn for Q226, and a dividend 
of 5.9p per share for H126 (H125: 3.0p)
•5% growth in UK lending balances year-on-year in H126 
–Delivered £25bn of c.£30bn planned UK risk weighted assets (RWAs) growth since 20241 (£3bn in Q226), of which 
£18bn was organic growth
Key financial metrics:
  
Income

Profit 
before 
tax

Attribut
able 
profit

Cost: 
income 
ratio

LLR

RoE

RoTE

EPS

NAV 
per 
share

TNAV 
per 
share

CET1 
ratio

Total 
capital 
return2

Q226

£8.3bn

£3.3bn

£2.3bn

54%

51bps

14.0%

16.1%

16.7p

489p

423p

14.3%

£2.3bn

H126

£16.5bn

£6.1bn

£4.2bn

55%

62bps

12.9%

14.8%

30.7p

Q226 Performance highlights:
•Group RoE was 14.0% (Q225: 10.7%) and Group RoTE was 16.1% (Q225: 12.3%) with profit before tax of £3.3bn 
(Q225: £2.5bn)
•Group income of £8.3bn increased 16% year-on-year. Group NII was £3.9bn, up 11.9% year-on-year, and Group NII 
excluding IB and Head Office was £3.4bn, up 10% year-on-year
–Barclays UK income increased 7%, as higher structural hedge income was partially offset by retail deposit dynamics 
and mortgage margin compression
–Barclays UK Corporate Bank (UKCB) income increased 8%, reflecting higher average deposit and lending balances, 
and higher structural hedge income
–Barclays Private Bank and Wealth Management (PBWM) income increased 5%, reflecting growth in client balances, 
partially offset by the impact of deposit mix
–Barclays Investment Bank (IB) income increased 20%, driven by Global Markets and Investment Banking fees
–Barclays US Consumer Bank (USCB) income increased 38%, driven by portfolio changes including a c.£225m gain 
from the sale of the American Airlines co-branded credit cards portfolio (AA portfolio) and the impact of the Best Egg 
Inc. (Best Egg) acquisition
•Group total operating expenses were £4.5bn, up 7% year-on-year
–Group operating costs increased to £4.5bn (Q225: £4.1bn), reflecting business growth (including higher performance 
costs), inflation and further investment spend (including the Best Egg acquisition), partially offset by c.£200m of cost 
efficiency savings
•Credit impairment charges were £0.6bn (Q225: £0.5bn) with an LLR of 51bps (Q225: 44bps)
1Represents RWAs from business growth in Barclays UK, UK Corporate Bank and Private Bank and Wealth Management since January 2024, 
excluding the effects of securitisations, model updates and other methodological changes. Also excludes additional Operational Risk RWAs 
related to organic growth.
2H126 total capital return: includes the £500m buyback announced at Q126 Results in addition to the £1.0bn buyback and c.£0.8bn dividend 
announced at H126 Results.
3Management does not assess forward-looking “Group NII” (target) as a performance indicator of the business, and therefore a reconciliation of 
the forward-looking non-IFRS measure “Group NII excluding IB and Head Office” (target) to an equivalent IFRS measure is not available without 
unreasonable efforts.

Barclays PLC

          6                                            

Performance Highlights

H126 Performance highlights:
•Group RoE was 12.9% (H125: 11.4%) and RoTE was 14.8% (H125: 13.2%) with profit before tax of £6.1bn (H125: 
£5.2bn)
•Group income of £16.5bn increased 11% year-on-year. Group NII was £7.7bn, up 9% year-on-year and Group NII 
excluding IB and Head Office was £6.8bn, up 11% year-on-year
•Group total operating expenses were £9.1bn, up 6% year-on-year 
–Group operating costs increased 6% to £8.9bn, reflecting business growth (including higher performance costs), 
inflation, and further investment spend (including the Best Egg acquisition), partially offset by c.£350m of cost 
efficiency savings and FX movements
–Litigation and conduct charges of £0.1bn primarily reflected an increase in the provision for the UK Financial Conduct 
Authority (FCA) motor finance redress scheme in Q126
•Credit impairment charges were £1.4bn (H125: £1.1bn) with an LLR of 62bps (H125: 52bps), including a £0.2bn single 
name charge in the IB in Q126
•Strong balance sheet with CET1 ratio of 14.3% (December 2025: 14.3%), with RWAs of £364.8bn (December 2025: 
£356.8bn)
–Taking into account the impact of the £1.0bn share buyback announced today, the CET1 ratio as of 30 June 2026 
would be reduced to 14.0%, at the top end of the 13-14% range
•Net asset value (NAV) per share of 489p (December 2025: 469p) and tangible net asset value (TNAV) per share of 423p 
(December 2025: 409p)

Barclays PLC

          7                                            

Performance Highlights

Group financial targets1:
2026 targets
•Returns: Group RoTE of greater than 12%4
•Capital returns2: plan to return at least £10bn of capital to shareholders between 2024 and 2026, through dividends and 
share buybacks, with a continued preference for buybacks
–Progressive increase in total capital returns versus 2025
–Share buybacks announced quarterly
–Dividends to be paid semi-annually, including planned £2bn dividend for 2026
•Income: Group total income of c.£31.5bn
–Group NII excluding IB and Head Office greater than £13.7bn and Barclays UK NII around the middle of the £8.1bn - 
£8.3bn5 guided range
•Costs: Group cost: income ratio of high 50s in percentage terms
•Impairment: expect Group LLR to be around the top of the 50-60bps through the cycle range
•Capital: CET1 ratio target range of 13-14%
–IB RWAs mid 50s% of Group RWAs
–Impact of regulatory change on RWAs in line with our prior guidance of c.£19-26bn
–c.£8-15bn RWAs from Basel 3.1, with implementation expected from 1 January 20273
–c.£11bn RWAs from USCB moving to an Internal Ratings Based (IRB) model, subject to portfolio changes and 
regulatory approval, expected in H2 2027
–Expect Pillar 2A capital to reduce upon implementation of Basel 3.1 and USCB IRB
2028 targets
•Returns: Group RoTE of greater than 14%4
•Capital returns2: plan to return greater than £15bn of capital to shareholders between 2026 and 2028, through dividends 
and share buybacks. This provides capacity for additional investment and growth, exceeding the level of investment in 
the current plan
•Income: greater than 5% compound annual growth rate (CAGR) 2025-2028
•Costs: Group cost: income ratio of low 50s in percentage terms. Cost target includes total gross efficiency savings of 
greater than £2bn in 2026-2028
•Impairment: expect Group LLR of 50-60bps through the cycle
•Capital: CET1 ratio target range of 13-14%
–IB RWAs of c.50% of Group RWAs
1Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and may be 
subject to change.
2This multi-year plan is subject to supervisory and Board approvals, anticipated financial performance and our published CET1 ratio target range of 
13-14%.
3Fundamental review of the trading book (FRTB) impact mostly expected in 2027.
4Management does not assess forward-looking “return on equity” (target RoE) as a performance indicator of the business, and therefore a 
reconciliation of the forward-looking non-IFRS measures “return on tangible equity” (target RoTE) to equivalent IFRS measures is not available 
without unreasonable efforts. 
5Management does not assess forward-looking “Group NII” (target) as a performance indicator of the business, and therefore a reconciliation of 
the forward-looking non-IFRS measure “Group NII excluding IB and Head Office” (target) to an equivalent IFRS measure is not available without 
unreasonable efforts.

Barclays PLC

          8                                            

Performance Highlights

Barclays Group results

Half year ended

Three months ended

30.06.26

30.06.25

30.06.26

30.06.25

£m

£m

% Change

£m

£m

% Change

Barclays UK

4,517

4,193

8

2,259

2,119

7

Barclays UK Corporate Bank

1,088

1,003

8

558

519

8

Barclays Private Bank and Wealth Management

713

697

2

366

348

5

Barclays Investment Bank

7,986

7,180

11

3,958

3,307

20

Barclays US Consumer Bank

2,119

1,687

26

1,136

823

38

Head Office

78

136

(43)

61

71

(14)

Total income

16,501

14,896

11

8,338

7,187

16

Operating costs

(8,873)

(8,407)

(6)

(4,514)

(4,149)

(9)

UK regulatory levies

(84)

(96)

13

—

—

#DIV/0!

Litigation and conduct

(108)

(87)

(24)

(4)

(76)

95

Total operating expenses

(9,065)

(8,590)

(6)

(4,518)

(4,225)

(7)

Other net income/(expense)

24

9

 

3

(9)

Profit before impairment

7,460

6,315

18

3,823

2,953

29

Credit impairment charges

(1,394)

(1,112)

(25)

(571)

(469)

(22)

Profit before tax 

6,066

5,203

17

3,252

2,484

31

Tax charge

(1,369)

(1,173)

(17)

(731)

(552)

(32)

Profit after tax 

4,697

4,030

17

2,521

1,932

30

Non-controlling interests

(19)

(23)

17

(19)

(21)

10

Other equity instrument holders

(487)

(484)

(1)

(243)

(252)

4

Attributable profit

4,191

3,523

19

2,259

1,659

36

Performance measures

Return on average shareholders' equity

12.9%

11.4%

14.0%

10.7%

Return on average tangible shareholders' equity

14.8%

13.2%

16.1%

12.3%

Average shareholders' equity (£bn)

65.1

61.8

64.8

62.1

Average tangible shareholders' equity (£bn)

56.7

53.5

56.1

53.9

Cost: income ratio

55%

58%

54%

59%

Loan loss rate (bps)

62

52

51

44

Basic earnings per ordinary share

30.7p

24.7p

24

16.7p

11.7p

43

Dividend per ordinary share

5.9p

3.0p

97

Share buybacks announced (£m)

1,500

1,000

50

1,000

1,000

—

Total payout equivalent per share

c.16.9p

c.10.1p

69

Basic weighted average number of shares (m)

13,645

14,262

(4)

13,565

14,211

(5)

Period end number of shares (m)

13,507

14,180

(5)

 
As at 
30.06.26

As at 
31.12.25

As at 
30.06.25

Balance sheet and capital management1

£bn

£bn

£bn

Loans and advances at amortised cost

444.8

430.0

417.8

Loans and advances at amortised cost impairment 
coverage ratio

1.2%

1.2%

1.2%

Total assets

1,730.4

1,544.2

1,598.7

Deposits at amortised cost

594.4

585.6

564.5

Net asset value per share

489p

469p

442p

Tangible net asset value per share

423p

409p

384p

Common equity tier 1 ratio

14.3%

14.3%

14.0%

Common equity tier 1 capital

52.2

51.1

49.5

Risk weighted assets

364.8

356.8

353.0

UK leverage ratio

4.9%

5.1%

5.0%

UK leverage exposure

1,345.6

1,247.3

1,259.8

Funding and liquidity

Group liquidity pool (£bn)

346.7

337.8

333.7

Liquidity coverage ratio2

157.7%

170.0%

177.7%

Net stable funding ratio3

135.8%

135.2%

135.6%

Loan: deposit ratio

75%

73%

74%

1Refer to pages 57 to 61 for further information on how capital, RWAs and leverage are calculated.
2Represents average of the last 12 spot month end ratios.
3Represents average of the last four spot quarter end positions.

Barclays PLC

          9                                            

Group Finance Director's Review

H126 Group performance

•Barclays delivered a profit before tax of £6,066m (H125: £5,203m), RoE of 12.9% (H125: 11.4%), RoTE of 14.8% 
(H125: 13.2%) and EPS of 30.7p (H125: 24.7p) 

•The Group has a diverse income profile across businesses and geographies. The 4% year-on-year appreciation of 
average GBP against USD negatively impacted income and profits, and positively impacted credit impairment charges 
and total operating expenses
•Group income increased 11% to £16,501m, due to higher income in Global Markets and Investment Banking fees, 
higher structural hedge income and the c.£225m gain from the sale of the AA portfolio
•Group total operating expenses increased to £9,065m (H125: £8,590m)
–Group operating costs increased 6% to £8,873m, reflecting business growth (including higher performance costs), 
inflation, and further investment spend (including the Best Egg acquisition), partially offset by c.£350m of cost 
efficiency savings and FX movements
–Litigation and conduct charges of £108m primarily reflected a £105m increase in the provision for the FCA motor 
finance redress scheme in Q126
•Credit impairment charges increased to £1,394m (H125: £1,112m), primarily driven by a single name charge of £228m 
in IB in Q126. Total coverage ratio remained stable at 1.2% (December 2025: 1.2%)
•The effective tax rate (ETR) was 22.6% (H125: 22.5%)
•Attributable profit was £4,191m (H125: £3,523m)

•Total assets increased to £1,730.4bn (December 2025: £1,544.2bn) driven by higher trading activity in IB, growth in 
the liquidity pool and higher lending across the Group 

•NAV per share increased to 489p (December 2025: 469p) and TNAV per share increased to 423p (December 2025: 
409p) as EPS of 30.7p was partially offset by a 6p negative movement in the cash flow hedging reserve, a 6p reduction 
from FY25 dividends paid in Q126, and a 6p reduction from share awards vesting in Q126

Group capital and leverage
•The CET1 ratio remained stable at 14.3% (December 2025: 14.3%). Taking into account the impact of the £1.0bn share 
buyback announced today, the CET1 ratio as of 30 June 2026 would be reduced to 14.0% (at the top end of the 13-14% 
target range)
•Q226 USCB sale of the AA portfolio and acquisition of Best Egg resulted in a marginal increase in the CET1 ratio with a 
net release of £3.2bn RWAs partially offset by a £0.2bn decrease in CET1 capital, reflecting the c.£225m gain on sale of 
the AA portfolio offset by £0.5bn of goodwill and intangibles from the Best Egg acquisition. Excluding the impacts of 
these changes, other movements were:
–108bps increase from attributable profit 
–68bps decrease driven by shareholder distributions including the now completed £1.5bn total share buybacks 
announced with FY25 and Q126 results, and the accrual for the total 2026 dividend 
–40bps decrease due to a £9.8bn increase in RWAs, excluding the impact of foreign exchange movements, primarily 
driven by lending growth in UK businesses and higher activity in Global Markets 
–A £0.2bn increase in CET1 capital due to an increase in the currency translation reserve was offset by a £1.3bn 
increase in RWAs as a result of foreign exchange movements 
•The UK leverage ratio decreased to 4.9% (December 2025: 5.1%) as leverage exposure increased by £98.3bn to 
£1,345.6bn (December 2025: £1,247.3bn). The increase in leverage exposure was primarily driven by higher trading 
activity in IB

Group funding and liquidity
•The liquidity metrics remain above regulatory requirements, underpinned by well-diversified sources of funding, a stable 
global deposit franchise and a highly liquid balance sheet
•The liquidity pool was £346.7bn, an increase of £8.9bn from December 2025. The increase in the liquidity pool was 
primarily driven by deposit growth across businesses and increased term wholesale funding. 
•The average1 LCR was 157.7% (December 2025: 170.0%), equivalent to a surplus of £117.2bn (December 2025: 
£131.2bn)
•Total deposits increased to £594.4bn (December 2025: £585.6bn), primarily driven by deposit growth in the  
International Corporate Bank (ICB)
•The average2 Net Stable Funding Ratio (NSFR) was 135.8% (December 2025: 135.2%), which represents a £171.7bn 
surplus (December 2025: £166.3bn) above the 100% regulatory requirement

1Represents average of the last 12 spot month end ratios.
2Represents average of the last four spot quarter end ratios.

Barclays PLC

          10                                            

Group Finance Director's Review

Group funding and liquidity (continued)
•Wholesale funding outstanding, excluding repurchase agreements, was £236.0bn (December 2025: £220.1bn)
•The Group issued £9.9bn equivalent of minimum requirement for own funds and eligible liabilities (MREL) instruments 
from Barclays PLC (the Parent company), completing the targeted 2026 MREL issuance plan within H126. The Group has 
a strong MREL position with a ratio of 36.7%, which is in excess of the regulatory requirement of 30.5% excluding any 
applicable confidential institution specific Prudential Regulation Authority (PRA) buffer. The Group remains above its 
minimum capital regulatory requirements and applicable buffers

Other matters
•Motor finance commission arrangements: In March 2026, the FCA published its final rules for an industry-wide redress 
scheme for eligible motor finance customers where a commission was payable by the lender to the broker. Barclays 
increased its provision in Q126 by £105m to reflect the expected financial impact of the redress scheme. Barclays holds a 
Motor Finance provision of £430m as at 30 June 2026. Barclays decided not to challenge the FCA’s final rules in the 
interests of enabling a swift resolution for customers. However, Barclays strongly disagrees with aspects of the rules 
which require financial redress even where customers suffered no demonstrable financial harm. On 2 July 2026, the 
Upper Tribunal ordered a suspension of parts of the redress scheme following four legal challenges to the FCA’s final 
rules. The legal challenges are expected to be heard by the Upper Tribunal in Q426 or Q127. Such challenges will delay 
and may otherwise affect the implementation of the redress scheme. The legal and regulatory outcomes and the nature, 
extent and timing of any remediation action, therefore remain uncertain
•USCB changes in Q226: 
–American Airlines co-branded credit card portfolio exit: On 24 April 2026 Barclays exited its American Airlines co-
branded credit card partnership, releasing £3.6bn of RWAs and generating a gain on sale of c.£225m
–Best Egg acquisition: On 1 May 2026, Barclays completed the acquisition of Best Egg for c.£0.6bn subject to 
customary post-completion purchase price adjustments. Best Egg is a leading US direct-to-consumer personal loan 
origination platform focused on prime borrowers. Barclays has acquired c.£0.3bn of financial assets and c.£0.2bn of 
financial liabilities
–The effect of both transactions is a marginal increase to the Group's CET1 ratio in Q226, with a net release of RWAs 
of £3.2bn and the c.£225m gain on sale from the AA portfolio exit, partially offset by a c.£0.5bn increase in goodwill 
and intangibles from the Best Egg acquisition
•GoHenry acquisition: On 12 June 2026, Barclays announced that Barclays Bank UK PLC had entered into an agreement to 
acquire GoHenry, a money management platform for children and young people in the UK. Completion of the transaction 
is expected to occur in Q426, subject to regulatory approvals and other conditions. The transaction is expected to 
marginally reduce the Group’s CET1 ratio
•One Churchill Place: On 30 June 2026 Barclays announced it had acquired a 999-year leasehold interest in its global 
headquarters at One Churchill Place, London. The transaction secures Barclays’ control in its global headquarters beyond 
the current lease term, due to expire in 2039, while providing greater certainty over long-term occupancy costs. The 
transaction values the acquired leasehold interest at £750m and is broadly neutral to the Group’s CET1 ratio and 
earnings

Anna Cross, Group Finance Director

Barclays PLC

          11                                            

Results by Business

Barclays UK 

Half year ended

Three months ended

30.06.26

30.06.25

30.06.26

30.06.25

Income statement information

£m

£m

% Change

£m

£m

% Change

Net interest income

3,986

3,677

8

2,000

1,855

8

Net fee, commission and other income 

531

516

3

259

264

(2)

Total income

4,517

4,193

8

2,259

2,119

7

Operating costs

(2,368)

(2,283)

(4)

(1,194)

(1,168)

(2)

UK regulatory levies

(44)

(43)

(2)

—

—

#DIV/0!

Litigation and conduct

—

(29)

 

(1)

(27)

96

Total operating expenses

(2,412)

(2,355)

(2)

(1,195)

(1,195)

—

Other net income

—

—

—

—

—

—

Profit before impairment

2,105

1,838

15

1,064

924

15

Credit impairment charges

(338)

(237)

(43)

(160)

(79)

 

Profit before tax

1,767

1,601

10

904

845

7

Attributable profit

1,214

1,090

11

623

580

7

Performance measures

Return on average allocated equity

15.1%

13.9%

15.4%

14.8%

Return on average allocated tangible equity

20.1%

18.6%

20.4%

19.7%

Average allocated equity (£bn)

16.1

15.7

16.2

15.8

Average allocated tangible equity (£bn)

12.1

11.7

12.2

11.8

Cost: income ratio

53%

56%

53%

56%

Loan loss rate (bps)

28

21

27

14

Net interest margin 

3.70%

3.55%

3.68%

3.55%

Key facts

As at 
30.06.26

As at 
30.06.25

UK mortgage balances (£bn)

176.7

166.8

Mortgage gross lending flow (£bn)

17.7

15.4

Average LTV of mortgage portfolio1

57%

54%

Average LTV of new mortgage lending1

70%

70%

Number of branches

206

207

Digitally active customers (m)2

14.1

13.7

30 day arrears rate - total UK cards

0.9%

0.7%

90 day arrears rate - total UK cards

0.3%

0.2%

As at 
30.06.26

As at 
31.12.25

As at 
30.06.25

Balance sheet information

£bn

£bn

£bn

Loans and advances to customers at amortised cost 

220.8

216.5

211.2

Total assets 

304.9

299.6

299.7

Customer deposits at amortised cost

245.6

244.6

241.3

Loan: deposit ratio

97%

94%

94%

Risk weighted assets

89.0

85.8

86.1

1Average loan to value (LTV) of mortgages is balance weighted and reflects both residential and buy-to-let (BTL) mortgage portfolios within the 
Home Loans portfolio. 
2Excludes Tesco Bank

Barclays PLC

          12                                            

Results by Business

Analysis of Barclays UK 

Half year ended

Three months ended

30.06.26

30.06.25

30.06.26

30.06.25

Analysis of total income 

£m

£m

% Change

£m

£m

% Change

Retail Banking

3,436

3,172

8

1,711

1,599

7

Business Banking

1,081

1,021

6

548

520

5

Total income

4,517

4,193

8

2,259

2,119

7

Analysis of credit impairment (charges)/releases

Retail Banking

(344)

(204)

(69)

(165)

(59)

 

Business Banking

6

(33)

 

5

(20)

 

Total credit impairment charges

(338)

(237)

(43)

(160)

(79)

 

As at 
30.06.26

As at 
31.12.25

As at 
30.06.25

Analysis of loans and advances to customers at 
amortised cost

£bn

£bn 

£bn

Retail Banking

203.1

198.6

192.4

Business Banking

17.7

17.9

18.8

Total loans and advances to customers at 
amortised cost

220.8

216.5

211.2

Analysis of customer deposits at amortised cost

Retail Banking

194.5

192.7

189.3

Business Banking

51.1

51.9

52.0

Total customer deposits at amortised cost

245.6

244.6

241.3

Barclays UK delivered a RoE of 15.1% (H125: 13.9%) and a RoTE of 20.1% (H125:18.6%) supported by robust income, 
disciplined cost management and underpinned by strong asset quality.
Income statement - H126 compared to H125
•Profit before tax increased 10% to £1,767m
•Total income increased 8% to £4,517m. NII increased 8% to £3,986m, as higher structural hedge income was partially 
offset by retail deposit dynamics and mortgage margin compression. Net fee, commission and other income increased 
3% to £531m
•Total operating expenses increased 2% to £2,412m, driven by higher investments and inflation. Ongoing efficiency 
savings continue to be reinvested, to drive sustainable improvement to the cost: income ratio
•Credit impairment charges were £338m (H125: £237m), reflecting stable underlying credit performance. Total charges 
are higher than those in H125, which benefitted from a recalibration adjustment in the Retail credit cards portfolio to 
reflect resilient customer behaviour. Retail credit cards 30 and 90 day arrears rates were 0.9% (H125: 0.7%) and 0.3% 
(H125: 0.2%) respectively. The Retail credit cards total coverage ratio increased to 4.5% (December 2025: 4.3%)
Balance sheet - 30 June 2026 compared to 31 December 2025
•Loans and advances to customers at amortised cost increased £4.3bn to £220.8bn, primarily driven by growth in 
mortgages, partially offset by the impact of securitisations
•Customer deposits at amortised cost increased by £1.0bn to £245.6bn, driven by an increase in Retail Banking 
deposits. The loan: deposit ratio remained broadly stable at 97% (December 2025: 94%)
•RWAs increased to £89.0bn (December 2025: £85.8bn), primarily due to growth in mortgages, partially offset by the 
securitisation of credit risk assets

Barclays PLC

          13                                            

Results by Business

Barclays UK Corporate Bank

Half year ended

Three months ended

30.06.26

30.06.25

30.06.26

30.06.25

Income statement information

£m

£m

% Change

£m

£m

% Change

Net interest income

807

701

15

413

359

15

Net fee, commission and other income

281

302

(7)

145

160

(9)

Total income

1,088

1,003

8

558

519

8

Operating costs

(488)

(474)

(3)

(249)

(240)

(4)

UK regulatory levies

(15)

(24)

38

—

—

#DIV/0!

Litigation and conduct

—

(39)

—

(39)

Total operating expenses

(503)

(537)

6

(249)

(279)

11

Other net income

—

—

—

—

—

—

Profit before impairment

585

466

26

309

240

29

Credit impairment charges

(19)

(31)

39

(16)

(12)

(33)

Profit before tax

566

435

30

293

228

29

Attributable profit

388

284

37

201

142

42

Performance measures

Return on average allocated equity

20.6%

16.8%

21.3%

16.6%

Return on average allocated tangible equity

20.6%

16.8%

21.3%

16.6%

Average allocated equity (£bn)

3.8

3.4

3.8

3.4

Average allocated tangible equity (£bn)

3.8

3.4

3.8

3.4

Cost: income ratio

46%

54%

45%

54%

Loan loss rate (bps)

12

22

20

17

As at 
30.06.26

As at 
31.12.25

As at 
30.06.25

Balance sheet information

£bn

£bn

£bn

Loans and advances to customers at amortised cost 

31.3

30.0

27.9

Deposits at amortised cost

89.1

88.7

85.3

Risk weighted assets

26.6

26.5

25.3

Half year ended

Three months ended

30.06.26

30.06.25

30.06.26

30.06.25

Analysis of total income 

£m

£m

% Change

£m

£m

% Change

Corporate lending

185

170

9

96

90

7

Transaction banking

903

833

8

462

429

8

Total income

1,088

1,003

8

558

519

8

UKCB delivered a RoE of 20.6% (H125: 16.8%) and a RoTE of 20.6% (H125: 16.8%), reflecting increased income from 
higher average deposit and lending balances, and positive operating jaws.
Income statement - H126 compared to H125
•Profit before tax increased 30% to £566m
•Total income increased 8% to £1,088m, NII increased 15% to £807m, driven by higher average deposit and lending 
balances, and structural hedge income benefit. Net fee, commission and other income decreased 7% to £281m driven by 
lower liquidity pool income
•Total operating expenses decreased 6% to £503m, reflecting the non-repeat of prior year litigation and conduct 
charges. Operating costs increased 3% to £488m, reflecting higher investment spend to support business growth 
strategy, with ongoing efficiency savings offsetting inflationary headwinds
•Credit impairment charges were £19m (H125: £31m), reflecting stable underlying credit performance and limited single 
name charges
Balance sheet - 30 June 2026 compared to 31 December 2025
•Loans and advances to customers at amortised cost increased to £31.3bn (December 2025: £30.0bn), reflecting the 
strategic focus to grow lending 
•Deposits at amortised cost increased to £89.1bn (December 2025: £88.7bn), driven by an inflow of balances from new 
and existing clients
•RWAs were stable at £26.6bn (December 2025: £26.5bn) 

Barclays PLC

          14                                            

Results by Business

Barclays Private Bank and Wealth 
Management

Half year ended

Three months ended

30.06.26

30.06.25

30.06.26

30.06.25

Income statement information

£m

£m

% Change

£m

£m

% Change

Net interest income

420

407

3

216

203

6

Net fee, commission and other income 

293

290

1

150

145

3

Total income

713

697

2

366

348

5

Operating costs

(521)

(472)

(10)

(267)

(238)

(12)

UK regulatory levies

(3)

(2)

(50)

—

—

Litigation and conduct

—

—

—

—

Total operating expenses

(524)

(474)

(11)

(267)

(238)

(12)

Other net income

—

—

—

—

—

—

Profit before impairment

189

223

(15)

99

110

(10)

Credit impairment (charges)/ releases

(3)

11

 

(5)

2

 

Profit before tax

186

234

(21)

94

112

(16)

Attributable profit

148

184

(20)

75

88

(15)

Performance measures

Return on average allocated equity

24.1%

30.6%

24.8%

29.3%

Return on average allocated tangible equity

26.1%

33.2%

26.9%

31.9%

Average allocated equity (£bn)

1.2

1.2

1.2

1.2

Average allocated tangible equity (£bn)

1.1

1.1

1.1

1.1

Cost: income ratio

73%

68%

73%

68%

Loan loss rate (bps)

4

(15)

13

(5)

Key facts

£bn

£bn

£bn

£bn

Net new assets under management1

1.8

1.9

0.3

0.9

As at 
30.06.26

As at 
31.12.25

As at 
30.06.25

Balance sheet information

£bn

£bn

£bn

Loans and advances to customers at amortised cost 

14.8

14.7

14.5

Deposits at amortised cost

72.7

72.0

66.7

Risk weighted assets

8.0

8.0

7.9

Invested assets2

142.5

140.6

131.9

Of which:

Assets under management1

55.8

52.9

48.5

Assets under supervision1

86.7

87.7

83.4

Client assets and liabilities3

230.2

227.6

213.4

PBWM delivered a RoE of 24.1% (H125: 30.6%) and a RoTE of 26.1% (H125: 33.2%), reflecting higher costs from 
accelerated investment to support future growth and efficiency strategy, and a higher impairment charge.
Income statement - H126 compared to H125
•Profit before tax decreased 21% to £186m 
•Total income increased 2% to £713m, driven by growth in client balances, partially offset by the impact of deposit mix 
•Total operating expenses increased 11% to £524m, reflecting ongoing investment to support business growth strategy 
and inflationary headwinds, partially offset by efficiency savings
Balance sheet - 30 June 2026 compared to 31 December 2025
•Client assets and liabilities increased £2.6bn to £230.2bn, driven by higher invested assets due to market movements 
and net new inflow of deposit balances 
•RWAs were stable at £8.0bn (December 2025: £8.0bn)
1Refer to pages 97 and 110 for further information on net new assets under management, assets under management and assets under 
supervision.
2Invested assets (held off-balance sheet) represent assets under management and supervision. Uninvested cash held under an investment 
mandate and reported within deposits is excluded from invested assets.
3Client assets and liabilities refers to deposits, lending and invested assets. 

Barclays PLC

          15                                            

Results by Business

Barclays Investment Bank 

Half year ended

Three months ended

30.06.26

30.06.25

30.06.26

30.06.25

Income statement information

£m

£m

% Change

£m

£m

% Change

Net interest income

794

631

26

411

334

23

Net trading income 

4,629

4,322

7

2,271

1,906

19

Net fee, commission and other income 

2,563

2,227

15

1,276

1,067

20

Total income

7,986

7,180

11

3,958

3,307

20

Operating costs

(4,306)

(3,993)

(8)

(2,199)

(1,932)

(14)

UK regulatory levies

(22)

(27)

19

—

—

#DIV/0!

Litigation and conduct

2

(11)

 

—

(8)

 

Total operating expenses

(4,326)

(4,031)

(7)

(2,199)

(1,940)

(13)

Other net income

—

—

—

—

—

—

Profit before impairment

3,660

3,149

16

1,759

1,367

29

Credit impairment charges

(323)

(139)

 

(44)

(67)

34

Profit before tax

3,337

3,010

11

1,715

1,300

32

Attributable profit

2,315

2,075

12

 

1,204

876

37

Performance measures

Return on average allocated equity

15.5%

14.2%

16.0%

12.2%

Return on average allocated tangible equity

15.5%

14.2%

16.0%

12.2%

Average allocated equity (£bn)

29.9

29.2

30.0

28.7

Average allocated tangible equity (£bn)

29.9

29.2

30.0

28.7

Income over average risk weighted assets

7.9%

7.2%

7.7%

6.7%

Cost: income ratio

54%

56%

56%

59%

Loan loss rate (bps)

47

22

13

21

As at 
30.06.26

As at 
31.12.25

As at 
30.06.25

Balance sheet information

£bn

£bn

£bn

Loans and advances to customers at amortised cost

70.8

70.0

66.8

Loans and advances to banks at amortised cost

11.0

7.4

7.1

Debt securities at amortised cost

54.5

52.9

52.4

Loans and advances at amortised cost

136.3

130.3

126.3

Trading portfolio assets 

208.2

189.5

186.1

Financial assets at fair value through the income 
statement

209.9

183.6

215.2

Derivative financial instrument assets 

302.6

251.5

279.0

Cash collateral and settlement balances

182.5

121.6

145.0

Deposits at amortised cost

162.3

156.1

148.7

Derivative financial instrument liabilities

291.6

240.6

265.1

Risk weighted assets

204.1

196.7

196.4

Half year ended

Three months ended

30.06.26

30.06.25

30.06.26

30.06.25

Analysis of total income

£m

£m

% Change

£m

£m

% Change

FICC

3,187

3,149

1

1,471

1,450

1

Equities

2,377

1,833

30

1,261

870

45

 Global Markets

5,564

4,982

12

2,732

2,320

18

Advisory

443

266

67

188

123

53

Equity capital markets

249

151

65

157

81

94

Debt capital markets

809

795

2

402

364

10

Banking fees and underwriting

1,501

1,212

24

747

568

32

Corporate lending

53

152

(65)

37

(4)

 

Transaction banking

868

834

4

442

423

4

International Corporate Bank

921

986

(7)

479

419

14

 Investment Banking

2,422

2,198

10

1,226

987

24

Total income

7,986

7,180

11

3,958

3,307

20

Barclays PLC

          16                                            

Results by Business

IB delivered a RoE of 15.5% (H125: 14.2%) and a RoTE of 15.5% (H125: 14.2%), driven by higher Global Markets, 
Investment Banking fees and underwriting income, whilst maintaining cost and capital discipline, driving positive operating 
jaws and improved RWA productivity.
Income statement - H126 compared to H125
•Profit before tax increased to £3,337m (H125: £3,010m) 
•IB has a diverse income profile across businesses and geographies. The 4% appreciation of average GBP against USD 
adversely impacted income and profits, and positively impacted credit impairment charges and total operating expenses
•Total income increased 11% to £7,986m, including the adverse impact of strengthening average GBP against USD 
–Global Markets income increased 12% to £5,564m, driven by increased income in Equities and Credit 
–FICC income was stable at £3,187m (H125: £3,149m), despite strong prior year performance, as we continued to 
provide support to