Profits rise sees Barclays plan £15m shareholders bonanza

BARCLAYS kickstarted plans to dish out cash to shareholders yesterday after the bank's profit breezed ahead of expectations for the 2025 financial year.

- SAMUEL NORMAN

> Chancellor Rachel Reeves with Barclays chief executive CS Venkatakrishnan in 2024

(JUSTIN TALLIS - WPA POOL/GETTY IMAGES)

The FTSE 100 giant launched a fresh £1 billion share buyback after pretax profit soared 13% in the last 12 months to £9.1bn. This came ahead of internal analyst consensus of £9bn.

The bank said it intended to splash out over £15bn through dividends and buy backs between 2026 and 2028 in a bid to secure sustainable high returns.

Barclays is targeting a return on tangible equity - a crucial measure that indicates a firm’s profitability relative to shareholder equity - of greater than 14%.