This exhibit includes portions from the previously published Results Announcement of Barclays PLC relating to the three

months ended 31 March 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.

The terms Barclays and Group refer to Barclays PLC together with its subsidiaries. Unless otherwise stated, the income statement analysis compares

the three months ended 31 March 2026 to the corresponding three months of 2025 and balance sheet analysis as at 31 March 2026 with

comparatives relating to 31 December 2025 and 31 March 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 April 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) will

be 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.

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 42 to 45.

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 43 to 44;

– 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 43 to 44;

– 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 43 to 44;

– 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 44;

– 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 44;

– Return on average allocated equity represents the return on shareholders’ equity that is allocated to the businesses. The comparable IFRS measure

is return on equity. A reconciliation is provided on page 45;

– 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 42;

– 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 43;

– 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 45.

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.

For Q126, Barclays delivered a return on equity (RoE) of 11.8% and return on tangible equity

(RoTE) of 13.5%, announced a £500m buyback and reiterated all 2026 and 2028 targets

•Q126 Group RoE of 11.8% (Q125: 12.1%) and Q126 Group RoTE of 13.5% (Q125: 14.0%) with EPS of 14.1p (Q125:

13.0p)

•Announced intention to initiate a share buyback of up to £500m following the completion of the ongoing £1bn share

buyback announced at FY25 Results

•Q126 Group net interest income (NII) of £3.7bn and Q126 Group NII excluding Barclays Investment Bank (IB) and Head

office of £3.4bn, of which Barclays UK was £2.0bn, on track to meet the 2026 guidance of greater than £13.5bn and

£8.1-£8.3bn respectively

•5% growth in UK lending year-on-year in Q126

–Delivered £22bn of c.£30bn planned UK risk weighted assets (RWAs) growth since 2024¹, of which £15bn was

organic growth

•Q126 Group cost: income ratio improving to 56% (Q125: 57%) driven by positive operating leverage

–Delivered c.£150m of gross cost efficiency savings in Q126

•Q126 Group loan loss rate (LLR) of 74bps included a £0.2bn single name impairment charge in the IB which had a

c.20bps impact on Group LLR

–As a result, Group LLR in FY26 is expected to be around the top of the 50-60bps through the cycle guidance range

•Strong balance sheet with CET1 ratio of 14.1%

–Taking into account the impact of the £500m share buyback announced today, the CET1 ratio as of 31 March 2026

would be reduced to 13.9%, at the top end of the 13-14% range

 

•Group RoE was 11.8% (Q125: 12.1%) and Group RoTE was 13.5% (Q125: 14.0%) with profit before tax of £2.8bn

(Q125: £2.7bn). All divisions delivered double-digit RoE and RoTE in Q126

•Group income of £8.2bn increased 6% year-on-year. Group NII was £3.7bn, up 6% year-on-year, and Group NII

excluding IB and Head Office was £3.4bn, up 12% year-on-year

–Barclays UK income increased 9%, as higher structural hedge income was partially offset by retail deposit dynamics

–Barclays UK Corporate Bank (UKCB) income increased 10%, reflecting higher average deposit and lending balances,

and higher structural hedge income

–Barclays Private Bank and Wealth Management (PBWM) income was broadly stable, as growth from higher client

balances was offset by the impact of deposit mix

–Barclays Investment Bank (IB) income increased 4%, driven by Global Markets and Investment Banking fees partially

offset by the strengthening of average GBP against USD

–Barclays US Consumer Bank (USCB) income increased 14%, driven by business growth and increased purchase

activity, partially offset by the strengthening of average GBP against USD

•Group total operating expenses were £4.5bn, up 4% year on year

–Group operating costs increased 2% to £4.4bn, reflecting further investment spend, business growth and inflation,

partially offset by c.£0.2bn 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

•Credit impairment charges were £0.8bn (Q125: £0.6bn) with an LLR of 74bps (Q125: 61bps), including a £0.2bn single

name charge in the IB

•CET1 ratio of 14.1% (December 2025: 14.3%), with RWAs of £364.5bn (December 2025: £356.8bn). Net asset value

(NAV) per share of 466p (December 2025: 469p) and tangible net asset value (TNAV) per share of 405p (December

2025:  409p)

1Represents RWAs from business growth in Barclays UK, UK Corporate Bank and Private Bank and Wealth Management since January 2024,

Group financial targets1:

•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.£31bn

–Group NII excluding IB and Head Office greater than £13.5bn and Barclays UK NII of £8.1bn - £8.3bn5

•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.£3-10bn RWAs from Basel 3.1, with implementation expected from 1 January 20273

–c.£16bn RWAs from USCB moving to an Internal Ratings Based (IRB) model, subject to portfolio changes and

regulatory approval, c.£5bn expected on 1 January 2027 with remainder anticipated later in 2027

–Expect Pillar 2A capital to reduce upon implementation of Basel 3.1 and USCB IRB

•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     

c.£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

2This multi-year plan is subject to supervisory and Board approvals, anticipated financial performance and our published CET1 ratio target range of

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

5Management does not assess forward-looking “Group NII” (target) as a performance indicator of the business, and therefore a reconciliation of

1Refer to pages 34 to 38 for further information on how capital, RWAs and leverage are calculated.

2Represents average of the last 12 spot month end ratios. In June 2025, Barclays implemented a new methodology for calculating net stress

3Represents average of the last four spot quarter end positions.

•Barclays delivered a profit before tax of £2,814m (Q125: £2,719m), RoE of 11.8% (Q125: 12.1%), RoTE of 13.5%

(Q125: 14.0%) and EPS of 14.1p (Q125: 13.0p)

•The Group has a diverse income profile across businesses and geographies. The 7% 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 6% to £8,163m, as increased NII, supported by higher structural hedge income and lending

growth, and higher income in Global Markets and Investment Banking fees, were partially offset by net losses on fair

value lending in IB1

•Group total operating expenses increased to £4,547m (Q125: £4,365m)

–Group operating costs increased 2% to £4,359m, reflecting further investment spend, business growth and inflation,

partially offset by c.£150m of cost efficiency savings and FX movements

–Litigation and conduct charges of £104m primarily reflected a £105m increase in the provision for the FCA motor

finance redress scheme

•Credit impairment charges increased to £823m (Q125: £643m), primarily driven by a single name charge of £228m in

IB. Uncertainty persists and this is reflected in a net £20m increase in related management adjustments. As a result, total

coverage ratio increased to 1.3% (December 2025: 1.2%)

•The effective tax rate (ETR) was 22.7% (Q125: 22.8%)

•Attributable profit was £1,932m (Q125: £1,864m)

•Total assets increased to £1,694.8bn (December 2025: £1,544.2bn) driven by higher activity in Global Markets as we

continue to support clients through a range of environments

•NAV per share decreased to 466p (December 2025: 469p) and TNAV per share decreased to 405p (December 2025:

409p) as EPS of 14.1p and a 3p benefit from the currency translation reserve was more than offset by an 11p negative

movement in the cash flow hedging reserve, a 6p impact from FY25 dividends paid in Q126, and 6p impact from share

awards vesting

•The CET1 ratio decreased to 14.1% (December 2025: 14.3%). Taking into account the impact of the £500m share

buyback announced today, the CET1 ratio as of 31 March 2026 would be reduced to 13.9% (at the top end of the

13-14% target range)

•The 26bps decrease in the CET1 ratio at Q126, driven by an RWAs increase of £7.7bn to £364.5bn, partially offset by an

increase in CET1 capital of £0.1bn to £51.2bn, was due to:

–53bps increase from attributable profit

–41bps decrease driven by shareholder distributions including the £1.0bn share buyback announced with FY25 results

and the accrual for the FY26 dividend

–17bps decrease from other CET1 capital movements, including the net impact of share awards vesting

–22bps decrease as a result of a £5.5bn 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 £0.4bn increase in CET1 capital due to an increase in the currency translation reserve was partially offset by a

£2.1bn increase in RWAs as a result of foreign exchange movements

•The UK leverage ratio decreased to 4.8% (December 2025: 5.1%) as the leverage exposure increased by £74.0bn to

Global Markets

•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 £326.1bn, a decrease of £11.7bn from December 2025. The decrease in the liquidity pool was

primarily driven by increased utilisation across Markets and Investment Banking and higher Treasury usage

•The average2 LCR was 165.4% (December 2025: 170.0%), equivalent to a surplus of £125.9bn (December 2025:

£131.2bn)

•Total deposits increased to £587.6bn (December 2025: £585.6bn), primarily driven by deposit growth in International

Corporate Bank in IB

•The average3 Net Stable Funding Ratio (NSFR) was 135.4% (December 2025: 135.2%), which represents a £166.9bn

surplus (December 2025: £166.3bn) above the 100% regulatory requirement

1Q126 includes c.£40m of fair value losses on lending. Q125 included c.£105m of fair value gains on leverage finance lending.

2Represents average of the last 12 spot month end ratios. In June 2025, Barclays implemented a new methodology for calculating net stress

3Represents average of the last four spot quarter end ratios.

•Wholesale funding outstanding, excluding repurchase agreements, was £227.0bn (December 2025: £220.1bn)

•The Group issued £3.0bn equivalent of minimum requirement for own funds and eligible liabilities (MREL) instruments

from Barclays PLC (the Parent company) as of Q126. The Group has a strong MREL position with a ratio of 35.4%, which

is in excess of the regulatory requirement of 30.5% excluding any applicable Prudential Regulation Authority (PRA) buffer

•Motor finance commission arrangements:

From 2003 to late 2019, Barclays, through Clydesdale Financial Services Limited (CFSL), a wholly owned subsidiary of the

group, provided motor finance to customers in the UK.

In January 2024, the FCA appointed a skilled person to review the historical use of discretionary commission

arrangements and sales in the UK motor finance market. In October 2025, the FCA consulted on an industry-wide redress

scheme for eligible motor finance customers, and Barclays engaged with the FCA as part of this process.

In March 2026, the FCA published its final rules giving effect to two redress schemes for eligible motor finance customers

where a commission was payable by the lender to the broker (one scheme for each of the pre and post 1 April 2014

periods).

Barclays increased its provision in Q126 by £105m to reflect the expected financial impact of the redress schemes. The

increase in provision is primarily driven by moving from a multi-scenario approach to a single scenario based on the

FCA’s final rules and higher compensatory interest. This resulted in a provision of £430m in respect of this matter as at

31 March 2026 (as at 31 December 2025: £325m). The provision as at 31 March 2026 reflects Barclays’ estimate of

cases in scope of the FCA redress schemes, the anticipated level of customer redress under the FCA’s methodology

(including compensatory interest at a minimum of 3% per annum), the estimated customer response rate (with

reference to prior remediation exercises across the Group), and implementation costs. The ultimate financial impact

could differ from the current estimate due to factors such as customer response rates and average cost of redress.

Barclays has 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 which require financial redress even where customers suffered no

demonstrable financial harm.

Barclays understands that it is likely there will be at least one legal challenge to the FCA’s final rules. The legal and

regulatory outcomes and the nature, extent and timing of any remediation action, therefore remain uncertain. Barclays

has not incorporated the potential impact of any legal challenge into the provision estimate.

•USCB portfolio 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 c.$5bn of RWAs and generating an estimated gain on sale of c.$300m

–Best Egg, Inc. (Best Egg) acquisition: On or around 1 May 2026, Barclays expects to complete the acquisition of Best

Egg for $800m, subject to customary post-completion purchase price adjustments and satisfaction of remaining

conditions to closing. Best Egg is a leading US direct-to-consumer personal loan origination platform focused on

prime borrowers. The acquisition is expected to generate c.$500m of goodwill and intangibles

–The estimated net impact of both transactions is expected to marginally increase the Barclays Group CET1 ratio in

Q226

Barclays UK delivered a RoE of 14.8% (Q125: 13.0%) and a RoTE of 19.7% (Q125: 17.4%) supported by robust income,

disciplined cost management and underpinned by strong asset quality

•Profit before tax increased 14% to £863m

•Total income increased 9% to £2,258m. NII increased 9% to £1,986m, as higher structural hedge income was partially

offset by retail deposit dynamics. Net fee, commission and other income increased 8% to £272m

•Total operating expenses increased 5% to £1,217m, 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 £178m (Q125: £158m), reflecting stable underlying credit performance, high quality

mortgage lending portfolio with a marginal increase in delinquencies in Retail credit cards. A £10m adjustment has been

recognised in the Retail credit cards portfolio, reflecting a marginally weaker UK unemployment baseline than assumed in

the Q126 scenario. Retail credit cards 30 and 90 day arrears rates were 0.9% (Q125: 0.7%) and 0.3% (Q125: 0.2%)

respectively. The Retail credit cards total coverage ratio was 4.6% (December 2025: 4.3%)

•Loans and advances to customers at amortised cost increased £1.3bn to £217.8bn, primarily driven by growth in

mortgages

•Customer deposits at amortised cost decreased by £0.7bn to £243.9bn, driven by seasonality. The loan: deposit ratio

remained broadly stable at 95% (December 2025: 94%)

•RWAs increased to £87.5bn (December 2025: £85.8bn), primarily due to growth in mortgages lending

UKCB delivered a RoE of 19.9% (Q125: 17.1%) and a RoTE of 19.9% (Q125: 17.1%), as increased income from higher

average deposit and lending balances, and positive operating jaws were partially offset by higher RWAs to support future

growth ambitions.

•Profit before tax increased 32% to £273m

•Total income increased 10% to £530m, NII increased 15% to £394m, driven by higher average deposit and lending

balances, and structural hedge income benefit. Net fee, commission, trading and other income was broadly stable at

£136m

•Total operating expenses decreased 2% to £254m, reflecting a reduction in UK regulatory levies to £15m (Q125:

£24m). Operating costs increased 2% to £239m, reflecting higher investment spend to support business growth

ambitions, with ongoing efficiency savings offsetting inflationary headwinds

•Credit impairment charges were £3m (Q125: £19m), reflecting strong underlying credit performance and limited single

name charges

•Loans and advances to customers at amortised cost increased to £30.8bn (December 2025: £30.0bn), reflecting the

strategic focus to grow lending

•Deposits at amortised cost of £88.0bn (December 2025: £88.7bn) were broadly stable

•RWAs increased to £27.3bn (December 2025: £26.5bn), reflecting higher client lending limits and growth in lending

balances

PBWM delivered a RoE of 23.5% (Q125: 31.8%) and a RoTE of 25.5% (Q125: 34.5%), reflecting higher costs from

accelerated investment to support future growth and efficiency ambitions, and a lower credit impairment release.

•Profit before tax decreased 25% to £92m

•Total income was broadly stable at £347m, as growth from higher client balances was offset by the impact of deposit

mix

•Total operating expenses increased 9% to £257m, reflecting ongoing investment to support business growth ambitions

and inflationary headwinds, partially offset by efficiency savings

•Client assets and liabilities decreased £3.8bn to £223.8bn, driven by the impact of negative market movements on

invested assets, partially offset by net new inflows and FX impacts

•RWAs were broadly stable at £8.2bn (December 2025: £8.0bn)

1Refer to pages 51 and 64 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.

1Q126 includes c.£40m of fair value losses on lending. Q125 included c.£105m of fair value gains on leverage finance lending.

IB delivered a RoE of 15.0% (Q125: 16.2%) and a RoTE of 15.0% (Q125: 16.2%), driven by Global Markets and Investment

Banking fees and underwriting income, whilst maintaining cost and capital discipline, driving positive operating jaws and

improved RWA productivity.

•Profit before tax decreased to £1,622m (Q125: £1,710m)

•IB has a diverse income profile across businesses and geographies. The 7% appreciation of average GBP against USD

adversely impacted income and profits, and positively impacted credit impairment charges and total operating expenses

•Total income increased 4% to £4,028m, including the adverse impact of strengthening average GBP against USD

–Global Markets income increased 6% to £2,832m, driven by increased income in Equities and Credit

–FICC income was broadly stable at £1,716m (Q125: £1,699m), as we continued to provide support to clients

through a range of environments

–Equities income increased 16% to £1,116m, reflecting growth in Prime Financing, and elevated volatility in

Derivatives

–Investment Banking income was broadly stable at £1,196m (Q125: £1,211m)

–Banking fees and underwriting income increased 17% to £754m, primarily driven by Advisory and Equity Capital

Markets, up 78% and 31% respectively, partially offset by Debt Capital Markets due to a strong prior year

comparator

–International Corporate Bank (ICB) income decreased 22% to £442m. Transaction banking income increased 4%

to £426m, as higher income from growth in deposit balances was partially offset by margin compression due to

change in deposits product mix. Corporate lending income decreased to £16m due to net losses on fair value

lending¹

•Total operating expenses were broadly stable at £2,127m, driven by efficiency savings, offset by higher performance

costs

•Credit impairment charges increased to £279m (Q125: £72m), primarily driven by a single name charge of £228m. The

tariff related adjustment from Q125 of £35m² was released, due to the lack of tariff-driven credit deterioration and

losses. However, geopolitical uncertainty persists and is reflected through a management adjustment of £52m² to

capture increased downside risk.

•Loans and advances at amortised cost increased to £136.5bn (December 2025: £130.3bn), driven by increased

lending across Global Markets and Banking

•Cash collateral and settlement balances increased to £189.2bn (December 2025: £121.6bn), primarily driven by

seasonality and higher client activity during a period of elevated volatility

•Financial assets at fair value through the income statement increased to £215.6bn (December 2025: £183.6bn),

driven by an increase in activity as we continue to support clients through a range of environments

•Derivative financial instrument assets increased to £285.4bn (December 2025: £251.5bn) and liabilities increased to

£272.6bn (December 2025: £240.6bn), primarily driven by the strengthening of spot USD against GBP in Q126 and

elevated volatility

•RWAs increased to £201.7bn (December 2025: £196.7bn), mainly driven by higher activity in Global Markets as we

continued to support clients through a range of environments

1Q126 includes c.£40m of fair value losses on lending. Q125 included c.£105m of fair value gains on leverage finance lending.

2Net of Significant Risk Transfer (SRT).

USCB delivered a RoE of 16.5% (Q125: 3.9%) and a RoTE of 18.8% (Q125: 4.5%), reflecting continued operational

progress, with increased income from business growth and higher net interest margin, positive operating jaws, and lower

credit impairment charges.

•Profit before tax increased to £236m (Q125: £55m)

•The 7% appreciation of average GBP against USD adversely impacted income and profits, and positively impacted credit

impairment charges and total operating expenses

•Total income increased 14% to £983m, driven by organic business growth, the acquisition of the General Motors co-

branded cards portfolio (GM portfolio) and increased purchase activity, partially offset by the strengthening of average

GBP against USD. NII increased 21% to £823m with a net interest margin (NIM) of 12.76% (Q125: 10.53%), including

business growth and repricing initiatives. Net fee, commission and other income decreased 14% to £160m driven by the

Q425 partner reward updates, partially offset by purchases and fee growth

•Total operating expenses decreased 7% to £380m, reflecting the strengthening of average GBP against USD, as

business growth and inflationary headwinds were broadly offset by lower partner related expenses and ongoing

efficiency savings

•Credit impairment charges decreased to £367m (Q125: £399m), reflecting stable underlying credit performance. The

tariff related management adjustment from Q125 of £36m was released, due to the lack of tariff-driven credit

deterioration and losses. However, geopolitical uncertainty persists and is reflected through holding back a £29m release

arising from the Q126 macroeconomic scenario. US cards 30 and 90 day arrears rates1 were 3.1% (Q125: 3.0%) and

1.7% (Q125: 1.6%) respectively. The USCB total coverage ratio was 11.5% (December 2025: 11.1%)

•Loans and advances to customers at amortised cost were broadly stable at £21.0bn (December 2025: £21.1bn)

•Deposits at amortised cost increased to £25.0bn (December 2025: £24.2bn), with growth in retail savings which is in

line with USCB's ambition to grow core deposits

•RWAs were broadly stable at £27.6bn (December 2025: £27.4bn)

1Including a co-branded cards portfolio classified as assets held for sale.

•Loss before tax was £272m (Q125: £131m)

•Total income decreased to £17m (Q125: £65m), driven by the impact of the disposal of the German consumer finance

business in Q125, and mark-to-market losses on legacy investments

•Total operating expenses increased to £312m (Q125: £210m), reflecting a £105m increase in the provision for the FCA

motor finance redress scheme

•RWAs were stable at £12.3bn (December 2025: £12.3bn)