Slides
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Agenda 09:00-09:30 30 minutes FY25 Results Presentation 09:30-10:15 45 minutes Progress and Targets Update 10:15-10:30 15 minutes Break 10:30-11:45 75 minutes Q&A Presenters: C.S. Venkatakrishnan and Anna Cross
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FY 2025 Results Presentation 10th February 2026
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4 February 2026 Barclays FY25 Results We achieved all 2025 financial guidance 1 Rebased for the Q425 buyback | 2 This multi-year plan is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14% | Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | Targets Q425 actuals FY25 actuals 2025 guidance Statutory RoTE 8.5% 11.3% >11% (Feb 25 guidance: c.11%) Total payout £1.8bn Dividend: £0.8bn Buyback: £1.0bn £3.7bn Dividend: £1.2bn Buyback: £2.5bn Progressive increase vs 20242 Investment Bank RWAs (% of Group) 55% CET1 ratio 14.3% (rebased 14.0%)1 13-14% Supporting targets and guidance Income £7.1bn £29.1bn Group NII excl. Investment Bank and Head Office £3.4bn £12.8bn >£12.6bn (Feb 25: c.£12.2bn) Barclays UK NII £2.0bn £7.7bn >£7.6bn (Feb 25: c.£7.4bn) Cost: income 66% 61% c.61% Loan Loss Rate (LLR) 48bps 52bps 50-60bps Through the cycle
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5 February 2026 Barclays FY25 Results Distributed £3.7bn of capital (+25% YoY) Delivered c.£700m gross cost efficiency savings, exceeding FY25 target of c.£500m Announced Best Egg acquisition and onboarded General Motors card partnership Completed sales of German consumer finance and Entercard Announced long-term strategic partnership for Payment Acceptance business FY25 divisional progress and execution against the plan 1 Includes day one gain on acquisition of Tesco Bank of £0.6bn and day one impairment charge of £0.2bn | 2 Includes Head Office | Barclays UK 23.1%1 20.7% UK Corporate Bank 16.0% 18.9% Private Bank & Wealth Management 28.1% 26.3% Investment Bank 8.5% 10.6% US Consumer Bank 9.1% 11.0% Statutory Group2 FY26 target: >12% 10.5% 11.3% A year of disciplined execution Statutory RoTE FY24 FY25
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6 February 2026 Barclays FY25 Results Barclays Group Q425 and FY25 Q425 FY25 8.5% Statutory RoTE Q424: 7.5% £1.9bn Profit before tax Q424: £1.7bn £7.1bn Income Q424: £7.0bn 1 £0.5bn Impairment Q424: £0.7bn 66% Cost: income ratio Q424: 66% £4.7bn Costs Q424: £4.6bn 48bps Loan loss rate Q424: 66bps 8.6p EPS Q424: 6.7p 14.3% CET1 ratio Sep-25: 14.1% 409p TNAV per share Sep-25: 392p 11.3% Statutory RoTE FY24: 10.5% £9.1bn Profit before tax FY24: £8.1bn £29.1bn Income FY24: £26.8bn 1 £2.3bn Impairment FY24: £2.0bn 61% Cost: income ratio FY24: 62% £17.7bn Costs FY24: £16.7bn 52bps Loan loss rate FY24: 46bps 43.8p EPS FY24: 36.0p 14.3% CET1 ratio Dec-24: 13.6% 409p TNAV per share Dec-24: 357p 1 Includes day one gain on acquisition of Tesco Bank of £0.6bn |
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7 February 2026 Barclays FY25 Results 4,357 3,065 8,1941 7,012 6,557 8,108 9,139 FY19 FY20 FY21 FY22 FY23 FY24 FY25 +13% Group delivered FY25 RoTE of 11.3%; achieving guidance of >11% Group RoTE (%) 1 Restated number to reflect the impact of the over-issuance of securities in FY21 which reduced PBT from £8,414m to £8,194m | Note: Charts may not sum due to rounding | Earnings per share (p) 14.3 8.8 36.51 30.8 27.7 36.0 43.8 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Profit before tax (£m) 10.5 12.5 11.3 3.5 (1.5) (0.4) (0.7) FY24 RoTE Income Costs Impairment Book value growth & Other FY25 RoTE 8% tangible equity growth Profit before impairment +13% +22% Operating jaws +3%
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8 February 2026 Barclays FY25 Results 16.2 16.7 18.0 2.9 3.0 3.5 4.3 4.5 5.12.0 2.5 2.525.4 26.8 29.1 FY23 FY24 FY25 More stable income streams 74% of Group income in FY25 (74% in FY24) >70% of Group income by 2026 Group income of £29.1bn, up 9% YoY, driven by stable income streams Group income (£bn) 1 Global Markets Financing includes income related to client financing in FICC and Equities. In FICC, this includes fixed income securities repurchase agreements, structured credit, warehouse and asset backed lending. In Equities, this includes prime brokerage margin lending, securities lending, quantitative prime services, futures clearing and settlement, synthetic financing, and equity structured financing. All other items are considered intermediation | 2 Retail & Corporate consists of income from Barclays UK, UK Corporate Bank, Private Bank and Wealth Management, the International Corporate Bank within the Investment Bank, US Consumer Bank and Head Office | 3 Based on an average of FY23, FY24 and H125 income currency mix. Percentage may vary depending on business mix and macroeconomic environment and historical outcomes may not be indicative of future currency mix | Note: Charts may not sum due to rounding |Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | Retail & Corporate2 Financing1 Intermediation Banking fees & underwriting c.40% of Group income in USD3 +9% YoY +13% YoY -2% +17% +8% +9% YoY c.£31bn income guidance in FY26 (Previously c.£30bn)
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9 February 2026 Barclays FY25 Results 6.4 6.6 7.7 Guidance: >£7.6bn 4.5 4.6 5.1 11.0 11.3 12.8 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 FY23 FY24 FY25 Group NII of £12.8bn, up 13% YoY; achieving guidance of >£12.6bn Note: Charts may not sum due to rounding | Barclays UK Investment Bank & Head Office UK Corporate Bank, Private Bank & Wealth Management, and US Consumer Bank 1.7 1.7 1.7 +13% YoY NII performance FY25 YoY (%) Q425 QoQ (%) BUK +15% +3% UKCB +23% +3% PBWM +4% +6% USCB +6% +7% Drivers of FY25 NII performance • Continued Group deposit stability • Sustained structural hedge momentum • Lending momentum in all divisions • Operational improvements in USCB Net interest income (£bn)
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10 February 2026 Barclays FY25 Results 49 49 52 197 183 184 246 232 236 FY23 FY24 FY25 3.6 4.7 5.9 3.4% 4.0% 3.7% 1.5% 2.0% 2.5% 00.0 02.0 04.0 06.0 08.0 10.0 12.0 14.0 2023 2024 2025 £5.9bn structural hedge income in FY25; 46% of Group NII1 1 Group NII excl. the Investment Bank and Head Office | 2 UK Pound Sterling SONIA OIS Zero 5 Year Point (Refinitiv: GBPOIS5YZ=R) | 3 Gross hedge income divided by period end hedge notional | +£1.1bn Product Equity Gross hedge income (£bn) Hedge yield3 GBP 5yr swap rate2 +£1.2bn Hedge notional (£bn) Continued structural hedge momentum Notional broadly stable for five quarters from Q424 • Hedge duration extended to 3.5 from 3 years over 2025 • Reinvested c.£50bn of maturing notional at a 3.8% swap rate (vs. c.3.5% swap rate planning assumption)
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11 February 2026 Barclays FY25 Results Cost: income ratio of 61% supported by c.£700m of gross efficiency savings Strong operating leverage Group total costs (£bn) c.30% of Group costs in USD3 90 95 100 105 110 115 120 2023 2024 2025 Indexed Revenues Costs c.10% 16.0 16.7 17.7 0.4 0.1 0.6 0.4 0.3 (0.7)0.9 FY23 FY24 Efficiency Savings Inflation Regulation & Control Business Growth Investments FX & Other FY25 Exceeds FY25 target of c.£500m Includes c.£350m Tesco Bank YoY +6% Q423 SCA of £927m Cost: income ratio FY231 FY24 FY25 Group 63% 62% 61% Barclays UK 56% 56%2 56% UK Corporate Bank 50% 55% 51% Private Bank & Wealth Management 64% 70% 73% Investment Bank 69% 67% 62% US Consumer Bank 50% 49% 45% Includes Motor Finance provision of £235m 1 Excludes Q423 structural cost actions of £927m (Barclays UK: £168m, UK Corporate Bank: £27m, Private Bank & Wealth Management: £29m, Investment Bank: £169m, US Consumer Bank: £19m) | 2 Excludes day one gain on acquisition of Tesco Bank of £0.6bn. Including this, statutory cost:income ratio is 52% | 3 Based on an average of FY23, FY24 and H125 costs. Percentage may vary depending on business mix and macroeconomic environmentand historical outcomes may not be indicative of future currency mix | Note: Charts may not sum due to rounding |
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12 February 2026 Barclays FY25 Results 54 51 38 37 661 61 44 572 48 7 11 1 3 491 28 14 18 13 636 610 438 411 395 562 456 5052 558 -10 40 90 140 190 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 1,881 1,982 2,279 FY23 FY24¹ FY25² 14 16 18 304 365 413 FY23 FY24¹ FY25 46 46 52 514 431 496 FY25 LLR of 52bps; maintaining through the cycle guidance of 50-60bps Loan loss rate (bps) 1 Includes impairment charges related to the day one impact of the Tesco Bank acquisition | 2 Includes impairment charges related to the day one impact of the General Motors acquisition. Q325 LLR excluding General Motors is 52bps and 436bps for Group and US Consumer Bank respectively | Barclays UK US Consumer Bank 1,438 1,293 1,521 FY23 FY24 FY25² Impairment charge (£m) Group US Consumer Bank Group Barclays UK FY LLR (bps)
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13 February 2026 Barclays FY25 Results 2.9% 3.1% 2.9% 3.0% 3.0% 3.0% 2.8% 2.9% 3.0% 30 day US cards delinquencies USCB loan loss rate1 (bps) 636 610 438 411 395 562 456 5054 558 Total USCB coverage ratio IFRS9 CECL6 10.1% 10.9% 11.0% 10.3% 9.8%7 10.4%7 10.0%7 9.7%7 9.6%7 8.2% 8.5% 7.9% 8.1% 8.1%7 8.3%7 7.8%7 7.9%7 8.1%7 USCB reserve build2 (£m) USCB write offs3 (£m) 90 day US cards delinquencies 1.5% 1.7% 1.6% 1.6% 1.6% 1.6% 1.6% 1.5% 1.6% Broadly stable delinquency trends in US cards 1 For Q425, Gross Loans and Advances for USCB was £30.6bn | 2 Expected Credit Loss in anticipation of future write-offs | 3 Typically 18 months after an account misses their first payment | 4 Post model adjustment for elevated US macroeconomic uncertainty| 5 Includes impairment charges related to the day one impact of the General Motors acquisition. Q325 USCB LLR excluding General Motors is436bps | 6 Current expected credit losses (CECL) represents impairment reserve based on lifetime expected losses as a percentage of end net receivables | 7 Includes a co-branded card portfolio classified as assets held for sale from December 2024. Excluding this, Q425 IFRS 9 coveragewould be 11.1% and Q425 CECL coverage would be 9.1%. Other metrics unaffected | Note: This slide reflects US Consumer Bank financial results, except for 30 and 90 day delinquencies which are US Cards financials | 169 227 238 231 212 231 250 241 235 280 183 71 45 86 130 62 73 196384 655 449 410 309 276 298 399 312 379 431 Q423 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425
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14 February 2026 Barclays FY25 Results On track to deploy c.£30bn UK RWA by 2026 with organic momentum Continued strong net mortgage growth 1 High loan-to-value mortgages reflecting 85%+. Based on residential flow completions | 2 Part of Barclays UK | 3 Loans and advances to customers at amortised cost | 4 Includes Government scheme lending and Barclays UK Education, Social Housing, and Local Authority (ESHLA) balances | 5 Q324 Loan balances reflect a c.£2bn reduction from refinements to the perimeter with the International Corporate Bank within IB | 6 Represents RWAs from business growth but excludes the effects of securitisations, model updates and other methodological changes. Also excludes additional Operational Risk RWAs related to organic growth | Note: Charts may not sum due to rounding | Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | Card acquisitions driving balance growth Growth in UK Corporate Bank lendingImproving core Business Banking2 trends 9.8 10.2 10.6 15.0 15.0 15.7 16.0 16.4 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Balances (£bn) 9.7 9.7 9.7 9.6 9.8 9.9 10.1 10.3 12.3 11.5 11.0 10.1 9.4 8.9 8.1 7.6 22.0 21.2 20.6 19.7 19.2 18.8 18.2 17.9 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 Run-off 4 (£bn) Core (£bn) Loans3 (£bn) 4.2 5.0 6.6 8.1 8.5 6.9 9.6 9.3 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 (5.2) (6.6) (5.8) (6.1) (6.4) (5.5) (6.5) (6.1)Redemptions (£bn) Gross lending (£bn) Card acquisitions (k) 278 243 251 288 386 374 371 317HLTV mix1 13% 15% 14% 18% 22% 26% 23% 26% Tesco BankBarclaycard £20bn of c.£30bn UK business growth RWAs deployed6; £13bn from organic growth Loans3 (£bn) YoY +18% +3% QoQ 25.7 25.7 24.85 25.4 26.7 27.9 29.0 30.0 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 YoY +9% +3% QoQ
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15 February 2026 Barclays FY25 Results Barclays UK Q425 and FY25 Q425 FY25 1 Includes day one gain on acquisition of Tesco Bank of £0.6bn and day one impairment charge of £0.2bn |2 Loans and advances to customers at amortised cost | 3 Includes effect of securitisation activity | 23.8% Statutory RoTE Q424: 28.0%1 £0.9bn Profit before tax Q424: £1.1bn 1 £2.3bn Income Q424: £2.6bn 1 £2.0bn Net Interest Income Q424: £1.8bn 59% Cost: income ratio Q424: 46%1 £74m Impairment Q424: £283m 1 13bps Loan loss rate Q424: 49bps £216.5bn Loans2 Sep-25: £213.4bn £85.8bn3 RWAs Sep-25: £86.7bn £244.6bn Deposits Sep-25: £241.5bn 20.7% Statutory RoTE FY24: 23.1% 1 £3.4bn Profit before tax FY24: £3.6bn 1 £8.7bn Income FY24: £8.3bn 1 £7.7bn Net Interest Income FY24 £6.6bn 56% Cost: income ratio FY24: 52%1 £413m Impairment FY24: £365m 1 18bps Loan loss rate FY24: 16bps £216.5bn Loans2 Dec-24: £207.7bn £85.8bn3 RWAs Dec-24: £84.5bn £244.6bn Deposits Dec-24: £244.2bn
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16 February 2026 Barclays FY25 Results 14.9 28.0 21.8 23.8 19.7 19.1 Q423 Q424 Q325 Q425 Barclays UK delivered Q425 RoTE of 23.8% 1 Refers to year-to-date RoTE calculated in each quarter | 2 Excludes day one gain on acquisition of Tesco Bank of £0.6bn and day one impairment charge of £0.2bn | 3 Excludes Q423 structural cost actions of £168m | Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | Note: Charts may not sum due to rounding | RoTE (%) Barclays UK NII (£m) Income by business (£m) Total costs (£m) 1,309 1,522 1,708 1,702 483 537 545 5601,792 2,059 2,253 2,262 Q423 Q424 Q325 Q425 Retail Banking Business Banking 1,019 1,215 1,198 1,329 168 Q423 Q424 Q325 Q425 57%3 59%2 53% 59%CIR 1,575 1,815 1,961 2,015 42 5 2 5 Q423 Q424 Q325 Structural hedge Product margin Deposit volume Lending volume Q425 Non-NII 2442 292 247 NIM 3.53% 3.68% 3.72% 217 3.07% YoY +10% +4% +12% YoY +9% YoY +11% +3% QoQ 19.2 23.1 19.6 20.7YTD1 RoTE for Q424 excl. day 1 impact of Tesco Bank2 RoTE for Q423 excl. SCA3 SCA £8.1bn-£8.3bn NII guidance in FY26 Expect c.£100m mortgage headwind weighted to H126 2
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17 February 2026 Barclays FY25 Results +£8.0bn2 -£1.1bn -£1.8bn +£0.2bn +£3.1bn 56 57 57 56 56 57 96 100 100 99 98 100 31 35 33 35 35 37 53 53 52 52 52 52 236 244 243 241 241 245 Q324 Q424 Q125 Q225 Q325 Q425 Stable deposit trends; sixth consecutive quarter of organic loan growth Barclays UK deposit balances and mix (£bn) Barclays UK loans and advances1 (£bn) 1 Loans and advances to customers at amortised cost | 2 Tesco Bank acquisition in Q424 included c.£7bn of deposits, c.£4bn credit cards and c.£4bn consumer loans | Note: Charts may not sum due to rounding | Current accounts Savings accounts Time deposits Business Banking 162 163 166 167 169 172 6 10 10 10 10 1011 15 15 16 16 1621 20 19 19 18 18199 208 210 211 213 217 Q324 Q424 Q125 Q225 Q325 Q425 Mortgages Business Banking Other Personal Loans Cards +£8.4bn2 +£1.9bn +£1.6bn +£2.2bn +£3.1bn Retail banking Retail banking YoY 0% YoY +4%
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18 February 2026 Barclays FY25 Results UK Corporate Bank Q425 and FY25 Q425 FY25 1 Loans and advances to customers at amortised cost | 19.1% Statutory RoTE Q424: 12.3% £0.3bn Profit before tax Q424: £0.2bn £0.5bn Income Q424: £0.5bn £0.3bn Costs Q424: £0.3bn 53% Cost: income ratio Q424: 58% £1m Impairment Q424: £40m 1bp Loan loss rate Q424: 62bps £26.5bn RWAs Sep-25: £25.2bn £30.0bn Loans1 Sep-25: £29.0bn £88.7bn Deposits Sep-25: £86.7bn 18.9% Statutory RoTE FY24: 16.0% £1.0bn Profit before tax FY24: £0.7bn £2.1bn Income FY24: £1.8bn £1.1bn Costs FY24: £1.0bn 51% Cost: income ratio FY24: 55% £37m Impairment FY24: £76m 12bps Loan loss rate FY24: 29bps £26.5bn RWAs Dec-24: £23.9bn £30.0bn Loans1 Dec-24: £25.4bn £88.7bn Deposits Dec-24: £83.1bn
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19 February 2026 Barclays FY25 Results UK Corporate Bank delivered Q425 RoTE of 19.1% RoTE (%) 1 Refers to year-to-date RoTE calculated in each quarter | 2 Excludes Q423 structural cost actions of £27m | 3 Loans and advances to customers at amortised cost | Note: Charts may not sum due to rounding | Income by product (£m) Income by type (£m) Total costs (£m) Loans and deposits (£bn) 331 387 432 442 64 71 90 97395 458 522 539 Q423 Q424 Q325 Q425 Transaction banking Corporate lending 247 324 383 396 148 134 139 143395 458 522 539 Q423 Q424 Q325 Q425 Non-NII NII 240 265 234 286 27 Q423 Q424 Q325 Q425 61%2 58% 45% 53%CIR 30% 31% 31% 33% 33% 34%LDR YoY +37% +14% +18% YoY +7% +22% +18% Loans3 Deposits YoY 25 25 27 28 29 30 82 83 85 85 87 89 Q324 Q424 Q125 Q225 Q325 Q425 LDR +18% YoY +7% +8%8.4 12.3 22.8 19.111.3 Q423 Q424 Q325 Q425 20.5 16.0 18.8 18.9YTD1 RoTE for Q423 excl. SCA2 SCA
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20 February 2026 Barclays FY25 Results Private Bank & Wealth Management Q425 and FY25 Q425 FY25 1 Client Assets and Liabilities refers to loans, deposits and investments (AUM+AUS) | 12.6% Statutory RoTE Q424: 23.9% £0.1bn Profit before tax Q424: £0.1bn £0.3bn Income Q424: £0.4bn £0.3bn Costs Q424: £0.3bn 85% Cost: income ratio Q424: 75% £8.0bn RWAs Sep-25: £7.9bn £227.6bn Client Assets & Liabilities1 Sep-25: £221.5bn £52.9bn Assets Under Management Sep-25: £51.3bn 26.3% Statutory RoTE FY24: 28.1% £0.4bn Profit before tax FY24: £0.4bn £1.4bn Income FY24: £1.3bn £1.0bn Costs FY24: £0.9bn 73% Cost: income ratio FY24: 70% £8.0bn RWAs Dec-24: £7.9bn £227.6bn Client Assets & Liabilities1 Dec-24: £208.9bn £52.9bn Assets Under Management Dec-24: £47.7bn
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21 February 2026 Barclays FY25 Results Private Bank & Wealth Management delivered Q425 RoTE of 12.6% RoTE (%) Private Bank Client Assets and Liabilities3 (£bn) Income by type (£m) Total costs (£m) 182 216 190 202 131 135 145 146 313 351 335 348 Q423 Q424 Q325 Q425 228 263 243 296 29 Q423 Q424 Q325 Q425 73%2 75% 73% 85%CIR 42 48 51 53 67 77 84 88 60 70 71 7214 15 15 15183 209 221 228 Q423 Q424 Q325 Q425 Deposits AUS4 Non-NII NII Loans YoY +8% -6% +13% YoY -1% 1 Refers to year-to-date RoTE calculated in each quarter | 2 Excludes Q423 structural cost actions of £29m | 3 Client Assets and Liabilities refers to loans, deposits and investments | 4 Assets Under Supervision (AUS) | 5 Assets Under Management (AUM) | 6 Net new AUM excludes market movements and FX | Note: Charts may not sum due to rounding | AUM5 0.7 0.7 0.6Net new AUM6 (£bn) YoY +9% +3% QoQ19.1 23.9 26.4 12.6 28.9 Q423 Q424 Q325 Q425 32.7 28.1 30.9 26.3YTD1 SCA RoTE for Q423 excl. SCA2
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22 February 2026 Barclays FY25 Results Investment Bank Q425 and FY25 Q425 FY25 1 Annualised income as a percentage of average RWAs during the relevant period | 4.0% Statutory RoTE Q424: 3.4% £0.7bn Profit before tax Q424: £0.5bn £2.8bn Income Q424: £2.6bn £2.1bn Costs Q424: £2.1bn 75% Cost: income ratio Q424: 80% £22m Impairment Q424: £46m £196.7bn RWAs Sep-25: £199.1bn 55% RWAs as % of Group Sep-25: 56% 5.5% Income/Average RWAs1 Q424: 5.2% 7bps Loan loss rate Q424: 15bps 10.6% Statutory RoTE FY24: 8.5% £4.6bn Profit before tax FY24: £3.8bn £13.1bn Income FY24: £11.8bn £8.1bn Costs FY24: £7.9bn 62% Cost: income ratio FY24: 67% £305m Impairment FY24: 123m £196.7bn RWAs Dec-24: £198.8bn 55% RWAs as % of Group Dec-24: 56% 6.6% Income/Average RWAs1 FY24: 5.8% 23bps Loan loss rate FY24: 10bps
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23 February 2026 Barclays FY25 Results 0% 16% -16%3 16%21% 13%18% -3% Q425 Q325 Q225 Q125 Q424 Q324 Q224 Q124 12% 4% 26% 16% 33% 3%5% -8% Q425 Q325 Q225 Q125 Q424 Q324 Q224 Q124 Operational performance on track in Investment Bank Markets YoY income growth Investment Banking YoY income growthCost discipline 5.8 5.5 5.8 6.6 2022 2023 2024 2025 Maintaining capital discipline 196 197 199 197 2022 2023 2024 2025 Driving efficiency of capital Period-end IB RWAs (£bn) Income / average RWAs (%) Cost: income jaws YoY 1 Excluding over-issuance of securities | 2 Consists of Financing and International Corporate Bank | 3 Contraction in wallet following tariff uncertainty | 4 Excluding Q423 SCAs of £169m. Statutory jaws would have been +26% | Note: Charts may not sum due to rounding | 7% 3% 8% 12% 17%4 2%5% -5% Q425 Q325 Q225 Q125 Q424 Q324 Q224 Q124 Growing more stable income streams 42% from stable income streams in 2025 (£bn) More stable income2 3.7 4.8 4.8 5.5 7.9 6.3 7.0 7.6 11.61 11.0 11.8 13.1 2022 2023 2024 2025 Other income Markets c.65% of IB income over the period Fees, Underwriting and ICB YoY +14% +8% +11%
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24 February 2026 Barclays FY25 Results SCA Investment Bank delivered Q425 RoTE of 4.0% Risk weighted assets (£bn) 1 Refers to year-to-date RoTE calculated in each quarter | 2 Excludes Q423 structural cost actions of £169m. FY23 RoTE excluding Q423 structural cost actions was 7.5% | 3 50-60% of income and c.40-45% of costs in USD. Based on an average of FY23, FY24 and H125 income and costs currency mix. Range may vary depending on business mix and macroeconomic environment and historical outcomesmay not be indicative of future currency mix | 4 Includes Advisory, ECM, DCM and Intermediation in Global Markets | 5 Includes Financing in Global Markets and International Corporate Bank income in Investment Banking | 6 Annualised quarterly income as a percentage of average RWAs during the quarter | RoTE (%) Investment Bank income (£m)3 Total costs (£m)1 945 1,212 1,386 1,331 1,092 1,395 1,697 1,461 2,037 2,607 3,083 2,792 Q423 Q424 Q325 Q425 YoY +7% 1,890 2,090 2,014 2,091 169 Q423 Q424 Q325 Q425 CIR 93%2 80% 65% 75% YoY +0% 197 199 199 197 4.1% 5.2% 6.3% 5.5% -12.00% -7.00% -2.00% 3.00% 8.00% 100.0 200.0 300.0 Q423 Q424 Q325 Q425 Income/ Average RWAs6 58% 56% 56% 55%IB RWAs as % of Group Period end RWAs Other income4 More stable income streams5 +5% +10% (2.1) 3.4 10.1 4.0 (0.3) Q423 Q424 Q325 Q425 7.0 8.5 12.9 10.6YTD1 RoTE for Q423 excl. SCA2
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25 February 2026 Barclays FY25 Results Income by product (£m) Income up 7% YoY; solid performance in Markets and Advisory Global Markets 1 Global Markets share based on Barclays’ calculations using Peer reported financials. Peers includes Barclays and; US Peers: Bank of America, Citi, Goldman Sachs, JP. Morgan, Morgan Stanley. European Peers: BNP Paribas, Deutsche Bank, UBS | 2 Dealogic Banking fee share for the period 1 January 2025 to 31 December 2025, as at 6 January 2026 | 3 Transaction Banking forms part of the International Corporate Bank, while the remaining balance of International Corporate Bank is Corporate Lending | 4 Includes Advisory, ECM and DCM | 372 455 492 459 301 327 379 336 38 98 71 56171 189 196 214882 1,069 1,138 1,065 Q423 Q424 Q325 Q425 flat YoY 724 934 1,256 1,024 431 604 689 7031,155 1,538 1,945 1,727 Q423 Q424 Q325 Q425 FICC Equities DCM ECM Advisory +12% YoY +17% USD YoY +10% +14% USD +16% +21% USD YoY -43% -40% USD +3% +7% USD +13% +18% USD Income (£m) Investment Banking 573 757 894 872 582 781 1,051 8551,155 1,538 1,945 1,727 Q423 Q424 Q325 Q425 Financing YoY +15% +20% USD +9% +14% USD Inter- mediation +12% YoY +17% USD Int. Corporate Bank +1% Income by type (£m) Transaction Banking3 395 410 424 432 +5% Global Markets share1 FY23 FY24 FY25 6.5% 6.3% 6.5% 3.0% 3.3% 3.0%Investment Banking Fee Share2 Banking fees +3% USD YoY4
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26 February 2026 Barclays FY25 Results US Consumer Bank Q425 and FY25 Q425 FY25 1 Total ENR | 2 USD RWAs represent $ equivalent values | 15.8% Statutory RoTE Q424: 11.2% £0.2bn | $0.3bn Profit before tax Q424: £0.1bn | $0.2bn $37.6bn End net receivables1 Sep-25: $35.9bn £1.1bn | $1.4bn Income Q424: £0.9bn | $1.1bn 11.6% Net Interest Margin Q424: 10.7% £0.4bn | $0.6bn Costs Q424: £0.4bn | $0.6bn 41% Cost: income ratio Q424: 51% £0.4bn | $0.6bn Impairment Q424: £0.3bn | $0.4bn 558bps Loan loss rate Q424: 395bps £27.4bn | $36.9bn RWAs2 Sep-25: £25.8bn | $34.7bn 11.0% Statutory RoTE FY24: 9.1% £0.5bn | $0.7bn Profit before tax FY24: £0.4bn | $0.5bn $37.6bn End net receivables1 Dec-24: $34.2bn £3.7bn | $4.9bn Income FY24: £3.3bn | $4.2bn 11.1% Net Interest Margin FY24: 10.7% £1.6bn | $2.2bn Costs FY24: £1.6bn | $2.1bn 45% Cost: income ratio FY24: 49% £1.5bn | $2.0bn Impairment FY24: £1.3bn | $1.6bn 496bps Loan loss rate FY24: 431bps £27.4bn | $36.9bn RWAs2 Dec-24: £26.8bn | $33.7bn
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27 February 2026 Barclays FY25 Results Operational performance on track in US Consumer Bank 32.2 34.2 33.0 33.9 35.9 37.6 2023 2024 Q125 Q225 Q325 Q425 Organic and inorganic balance growth Margin tracking to >12% 10.9 10.7 10.5 10.8 11.5 11.6 2023 2024 Q125 Q225 Q325 Q425 Rebalancing mix towards retail 14.5 15.0 14.5 14.3 18.8 19.3 2023 2024 Q125 Q225 Q325 Q425 Strong retail deposit growth 63 64 68 73 68 69 2023 2024 Q125 Q225 Q325 Q425 Increased share of total deposits 51 49 47 48 43 41 2023 2024 Q125 Q225 Q325 Q425 17.3 20.3 22.3 23.0 23.2 24.4 2023 2024 Q125 Q225 Q325 Q425 Driving cost efficiency End Net Receivables ($bn)1 Net interest margin (%) Retail mix (%)3 Retail deposits ($bn) Core deposits as % of total funding Cost : income ratio (%) +41% since 2023 +17% since 20232 1 Total ENR | 2 12% organic growth. ‘Organic growth’ represents increase in outstanding receivables, excluding receivables acquired at the start of a partnership contract. ‘Inorganic’ represents the total amount of outstanding card receivables acquired at the start of a partnership contract, or sold at the end of the contract | 3 Retail percentage based on credit card reported ENR | +10% YoY +5% QoQ +20% YoY +5% QoQ
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28 February 2026 Barclays FY25 Results SCA (0.3) 11.2 13.5 15.8 1.4 12.5 Q423 Q424 Q325 Q425 4.1 9.1 9.4 11.0 US Consumer Bank delivered Q425 RoTE of 15.8% RoTE (%) Income by type (£m) Total costs (£m) End Net Receivables3 ($bn) Funding (%) 686 678 726 776 180 179 215 277 866 857 941 1,053 Q423 Q424 Q325 Q425 NII Non-NII 10.9% 10.7% 11.5% 11.6%NIM 401 433 407 432 19 Q423 Q424 Q325 Q425 46%2 51% 43% 41%CIR 33.1 32.0 32.9 34.9 36.6 1.1 1.1 1.0 1.0 1.034.2 33.0 33.9 35.9 37.6 Q424 Q125 Q225 Q325 Q425 64 68 73 68 69 36 32 27 32 31 Q424 Q125 Q225 Q325 Q425 Core deposits Other YoY +55% +63% USD +23% +28% USD +14% +19% USD YoY -0% +4% USD Managed ENR4 Reported ENR Retail deposits ($bn) YoY +20%20.3 22.3 23.0 23.2 24.4 YoY +10% 1 Refers to year-to-date RoTE calculated in each quarter | 2 Excludes Q423 structural cost actions of £19m | 3 Total ENR | 4 Includes credit card receivables sold to Blackstone in Q124 | Note: Charts may not sum due to rounding | YTD1 Reserve build in expectation of future write-offs RoTE for Q423 excl. SCA2 RoTE for Q425 excl. one-off accounting impact
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29 February 2026 Barclays FY25 Results 14.1% 13.9% 14.3% 14.0% 33bps 2bps 13bps c.(14bps) (8bps) c.(30bps) Q325 Q325 announced buyback Q325 rebased Attributable profit Dividend accrual RWA excl. FX Other incl. FX Q425 Q425 announced buyback Q425 rebased Robust capital position with 14.3% CET1 ratio (14.0% rebased) Q425 CET1 ratio movements Note: Charts may not sum due to rounding | FY25: 173bps capital generation
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30 February 2026 Barclays FY25 Results Guidance on regulatory driven RWA inflation c.£19-26bn total RWA impact remains unchanged 1 Fundamental review of the trading book | 2 Continuing to work through details of PS1/26 | 3 PRA expected to review to address double counting | c.£11bn • Migration of the US credit cards book to an IRB model • Remains subject to portfolio changes and regulatory approval • Reduction in Pillar 2A expected following model implementation 2027 (Previously 2026/2027) 1st January 2027 c.£5bn • Implemented in line with Basel 3.1 on 1 Jan 2027 c.£3-10bn • FRTB1 impact mostly expected in 2027. Likely to use option to defer elements of FRTB to 20282 • Partial offset in Pillar 2A expected on 1st January 20273 • Output floor not expected to be binding at any point USCB IRB migration: c.£16bn Basel 3.1: c.£3-10bn
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31 February 2026 Barclays FY25 Results Group RWAs decreased by £0.6bn quarter on quarter Risk weighted assets (£bn) 1 Includes the effects of securitisation activity | Note: Charts may not sum due to rounding | 342.7 358.1 357.4 356.8 1.4 0.2 1.7(0.9)1 (2.4) (0.4) Q423 Q424 Q325 Barclays UK UK Corporate Bank Private Bank & Wealth Management Investment Bank US Consumer Bank Head Office Q425 55%IB % of Group: 56% 56%58%
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32 February 2026 Barclays FY25 Results Consistent capital and liquidity over time 1 Trailing average of the last 12-month end LCR ratios | 2 Trailing average of the last four quarter end ratios | CET1 ratio Loan: deposit ratio Average Liquidity Coverage Ratio1 Net Stable Funding Ratio2 13-14% target 12.2% MDA Prudent LDR over time >100% regulatory minimum >100% regulatory minimum Disclosed from FY22 Historical performance 137% 135% 2022 2023 2024 2025 13.8% 14.3% 2019 2020 2021 2022 2023 2024 2025 155% 170% 2019 2020 2021 2022 2023 2024 2025 82% 73% 2019 2020 2021 2022 2023 2024 2025
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33 February 2026 Barclays FY25 Results Tenth consecutive quarter of tangible book value growth (+15% YoY) QoQ TNAV movements (pence per share) 1 Contribution of attributable profit to TNAV may differ to EPS due to share count difference as a result of the share buyback in the period | 2 Other includes goodwill and intangibles and other reserve movements | Note: Charts may not sum due to rounding | YoY TNAV movements (pence per share) 372 384 392 392 401 401 401 406 409 9 5 3(0) (0) Q125 Q225 Q325 Attributable profit¹ Share buyback Dividends paid Cash flow hedge reserve Other² Q425 357 409 43 16 1(0) (8) Q424 Attributable profit¹ Share buyback Dividends paid Cash flow hedge reserve Other² Q425
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34 February 2026 Barclays FY25 Results Supporting targets and guidance Group NII excl. Investment Bank and Head Office >£11.0bn >£12.6bn Barclays UK NII c.£6.5bn >£7.6bn Cost: income c.63% c.61% Loan Loss Rate (LLR) 50-60bps Through the cycle 50-60bps Through the cycle Targets 2024 targets 2025 guidance Statutory RoTE >10% >11% Total payout Broadly in line with 2023 Progressive increase vs. 2024 CET1 ratio 13-14% 13-14% We achieved all 2024 targets and 2025 guidance
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Progress and Targets Update 10th February 2026
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36 February 2026 Barclays Targets Update Barclays – a journey to sustainably higher returns 1 Excluding structural cost actions of £927m. Including structural cost actions, RoTE would be 9.0% | Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | 2021 - 2023 2024-25 2026-28 2028+ Stabilisation 13.1% 10.4% 10.6%1 2021 2022 2023 RoTE (%) Simpler Better More balanced Growth 10.5% 11.3% 2024 2025 Building foundations for all-weather RoTE >12% >14% 2026 2028 Sustainably higher returns 2028+
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37 February 2026 Barclays Targets Update Accelerating ambition to build segment leading businesses Continue Simpler Better More balanced Acceleration Transform and modernise infrastructure Standardise data and development platforms Operational efficiency Embed AI for productivity, product construction and delivery Industry leading products Integration across the bank Built for growth and scale Segment leading businesses Excellent customer service Ambition
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38 February 2026 Barclays Targets Update Confident in delivering our financial goals 1 At least £10bn from 2024-2026. This multi-year plan, including planned dividend of £2bn for 2026, is subject to supervisory andBoard approval, anticipated financial performance and our published CET1 ratio target range of 13-14% | 2 Updated to reflect IRB model migration and Basel 3.1 now expected in 2027 | Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | Targets 2025 2026 2028 Statutory RoTE 11.3% >12% >14% Total payout £3.7bn Progressive increase vs 20251 Incl. planned £2bn dividend for 2026 >£15bn1 2026-2028 With capacity to support investment and growth Investment Bank RWAs (% of Group) 55% Mid 50s%2 c.50%
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39 February 2026 Barclays Targets Update Our journey to achieve More balancedBetterSimpler
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40 February 2026 Barclays Targets Update What Simpler means 2024-25 Simpler business: digitally driven Simpler organisation: standardised, modernised, harmonised Simpler operations: resilient, reliable, secure 2026-28 Simpler business Simpler organisation Simpler operations
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41 February 2026 Barclays Targets Update Simpler business: digitally driven 1 Private Bank and Wealth Management | 2 Percentage of customers who self-serve using iPortal and other channels | 3 Measured at exit at end December 2025. Includes primary consumer card customers. Monthly interactions exclude Interactive Voice Response (IVR) | 4 The percentage of active personal current account customers who complete all their banking using digital self service channels only - mobile, online, or automated IVR - over a 3 month period, without using branch, telephony, or colleague assisted channels | Human PBWM1 UK Corporate Bank Bespoke advice Digital Private Bank services Unsecured lending Business Banking Barclays UK Mortgages Investment Banking Fees US Consumer BankPremier Wealth Management PBWM1 96% 2025 USCB digital interactions 3 65k 2025 Direct Investing new clients 24k 2023c.50% 2025 >70% 2028 Digital interactions2 c.30% 2023 73% 2025 80% 2028 BUK digital interactions4 69% 2023 Global Markets High touch Electronic US electronic volumes 62% 79%IG Cash equity 2023 2025 73% 77% International Corporate Bank
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42 February 2026 Barclays Targets Update Most developed Simpler organisation: standardised foundations 1 Represents applications on cloud. The cloud adoption reporting methodology was updated in 2025, in order to account for all container and public cloud environments and is a more accurate representation of current cloud adoption | 2 Includes traditional and Gen AI | 3 Benchmark based on models deployed for merchant acquiring within Payment Acceptance and corporate card issuing within Global Transaction Banking | Most potential 89%1 2025 Leading multi-cloud adoption… 75%1 2023 …with further to go …driving towards Cloud Data Digital and AI c.70% of core data on our standardised platform… 100% 2028 25x faster model deployment3 AI tools and models in use2 USCB customer journeys to be more personalised through AI by 2028 Barclays today Barclays tomorrow >90%1 2026 >50% >250
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43 February 2026 Barclays Targets Update Simpler organisation: modernised approaches Accelerating revenue growth Creating efficiencies 1 To be launched in 2026 with a multi-year maturation period | 2 Total number of employees is c.95k | 3 Based on Microsoft Viva Insights calculation of assisted hours | Upcoming pipeline 75% faster response for queries BarxBot Chatbot for FX quotations in Markets 95% faster response versus manual interaction c.40% calls redirected towards digital channels1 Customer Assist Conversational AI delivering personalised insights in USCB Delivering software Streamlines planning, developing and deploying software 19k developers using GitLab Duo c.15% uplift in developer productivity Colleague productivity c.90% colleagues using Copilot2 1m+ colleague hours saved FY253
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44 February 2026 Barclays Targets Update Simpler organisation: harmonised systems and processes More efficient, lower cost operations 1 c.70k employees out of a c.95k total number of employees | 2 Expected delivery over a multi-year maturation period | c.75% of employees in support functions1 c.£2bn efficiency savings across Group 2028 versus 2025 c.£0.8bn additional investment across Group 2028 versus 2025 Risk systems in Corporate and IB Streamline front to back processes Enhance data and analytics with AI Core accounting capabilities Automation and simpler systems Today Tomorrow2 Outcomes Fewer trading book sub-ledgers • Lower costs • Faster reporting • Improved scenario planning Fewer tech applications 80+ <40 11 3 • Lower costs • Better risk management • Better data quality Two examples across Finance and Risk
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45 February 2026 Barclays Targets Update What Better means 2024-25 Better financial returns: segment leading businesses Better customer experience and outcomes: deepening and broadening relationships 2026-28 Better financial returns Better customer experience and outcomes
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46 February 2026 Barclays Targets Update Better: building segment-leading businesses Best-in-class offerings for our customers Building connections and scale across the Group 1 Global Markets rank based on Barclays’ calculations using peers’ reported financials. Top 9 peers includes Barclays and; US peers: Bank of America, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley. European Peers: BNP Paribas, Deutsche Bank, UBS. Investment Banking rank based on Dealogic for the period 1 January 2025 to 31 December 2025, as at 6 January 2026 | Enhanced Premier customer offering across retail and wealth management services Integrated client offerings and coverage Leading non-US Investment Bank with deep fixed income and financing expertise The digital banking ‘partner’ #6 Global Markets and Investment Banking1 The ‘Premier’ UK bank Broadening the partner ecosystem
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47 February 2026 Barclays Targets Update Better financial returns: the leading non-US Investment Bank Strong global position Diverse mix of earnings Path to >13% RoTE by 2028 42% FICC c.50-60% US 25% Equities 19% Banking fees c.40-50% Rest of the world 15% ICB7Business⁶ Geography⁵ #6 Global Markets and Investment Banking1 #4 Fixed Income Credit Trading 2 #1 US and European Credit Research 4 #5 Prime Services2 #4 Global Sponsors - Leveraged Finance3 #4 Global Research4 66% Global Markets Global Markets: Consolidate gains in focus businesses and Financing Investment Banking: Expand International Corporate Bank capabilities Investment Bank: Maintain drive for RWA efficiency Investment Bank: Focus on Investment Banking fee share and Global Markets share 1 Global Markets rank based on Barclays’ calculations using peers’ reported financials. Top 9 peers includes Barclays and; US peers: Bank of America, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley. European Peers: BNP Paribas, Deutsche Bank, UBS. Investment Banking rank based on Dealogic for the period 1 January 2025 to 31 December 2025, as at 6 January 2026 | 2 Coalition Greenwich Competitor Analytics H125. Analysis is based on Barclays’ internal business structure and internal revenues. Peer group is based on the following banks: Bank of America, BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley and UBS |3 Based on Dealogic fee share in each year between 2023 and 2025 | 4 2025 Extel survey | 5 Based on an average of FY23, FY24 and H125 income currency mix | 6 FY25 income split | 7 International Corporate Bank | Note: Charts may not sum due to rounding | 34% Investment Banking
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48 February 2026 Barclays Targets Update Better financial returns: the ‘Premier’ UK bank Starting from strong foundations with significant further scope 1 Main current account premier NPS. © Ipsos 2025, Financial Research Survey (FRS), 12 months ended December 2025 (Dec 2023). Results based on a sample of 1,028 (738) Barclays Premier main current account customers. Total sample of ~50,000 GB adults (aged16+) a year, weighted to align with overall profile of GB population | 2 Segment of Barclays UK customer base identified due to high income or asset levels | 3 To be eligible for Premier customer need to have a current account with Barclays and either pay in a gross annual income of at least £75,000 or have a total balances of £100,000 savings with Barclays in eligible investments or a mix of both. Eligible investments are Investment ISAs, SIPPs or General Investment Accounts held through Smart Investor or Barclays Investment Solutions Limited | 4 Based on internal models identifying customers with potential investment needs within select eligibility criteria | 5 To be rebranded from Smart Investor to Barclays Direct Investing from Q226 | 50% Mass Affluent2 customers not yet Premier3 1.6x Average deposits when Mass Affluent customers2 are also Premier3 c.1.1m Mass Affluent customers2 Enhancements to realise connected opportunity Enhancing Premier Banking • Product and reward expansion • Personalised financial support • Seamless digital journey with wealth offering Launching Premier Wealth Management 10 37 2023 2025 Premier bNPS1 Direct Investing: new clients onboarded (‘000s) 96% of new clients are Barclays UK customers 24 65 2023 2025 +169% • Smart Investor becomes Barclays Direct Investing5 • Planning & Advice: human led digitally enabled proposition c.400k customers identified could benefit from new advice proposition4
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49 February 2026 Barclays Targets Update Better financial returns: USCB is a leading digital banking partner Track record of organic growth and partner wins 1 Total managed receivables secured until Q4 2030 | 2 ‘Organic growth’ represents increase in outstanding receivables, excluding receivables acquired at the start of a partnershipcontract. ‘Inorganic’ represents the total amount of outstanding card receivables acquired at the start of a partnership contract, or sold at the end of the contract | 3 Launched tiered savings product in Q3 2024 | 4 Average spread differential between retail and wholesale funding costs | 5 Expected to complete in Q226 | 6 Including through affiliate channels | 12% organic growth in receivables since 20232 Renewed in 2025 >85% Total receivables secured through 20301 Onboarded in 2025 Renewed in 2025 Renewed in 2025 Leveraging digital platforms through savings and Best Egg c.50bps lower cost of funds vs wholesale4 +34% growth in retail deposits since Q3243 c.90% originations are through digital channels6 c.40% of loans originated with repeat customers Completion in Q2265 62 relationship NPS (‘Excellent’) 100% digital
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50 February 2026 Barclays Targets Update 17 25 2023 2025 Better: building segment-leading customer experience Improved customer satisfaction Driving deeper engagement 1 Main current account NPS. © Ipsos 2025, Financial Research Survey (FRS), 12 months ended December 2025 (Dec 2023). Results based on a sample of 7,546 (6,512) Barclays main current account customers. Total sample of ~50,000 GB adults (aged 16+) a year, weighted to align with overall profile of GB population | 2 Three month rolling average for December 2025 | 3 Full year average number | -51 55 2023 2025 61 63 2023 2025 NPS score2 Barclays UK mortgage broker platform Digital tNPS score3 US Consumer Bank 2023 2025 c.40% Private Bank and Wealth Management Time to onboard clients Barclays UK mobile app re-launch in 2026 Investing in the human touch Broadening partner ecosystem: cards, deposits, loans bNPS score1 Barclays UK
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51 February 2026 Barclays Targets Update Prime Financing Better: integrated wholesale client offering and coverage Global Markets: Growing share with our largest clients 1 Based on Barclays' analysis using internal and external sources. 2021, 2023 as reported at 20th February 2024 Investor Update. 2025 represents H1 2025 data | 2 FI metrix 2025 Global Transaction Banking Survey | 3 Source: Euro1 – EBA clearing. Top 10; based on value and volume | 30 49 62 Target: 70 2021 2023 2025 2026 Top 100 Markets clients with Top 5 rank1 iPortal: single, modern transaction banking platform USD Built deposit offering Top 10 EUR clearer3 #1 GBP clearer2 US UK Europe Digitise and improve offering Deepen and digitise existing strength Extend reach and advance capabilities 2.2 2.9 3.5 Target: +£0.6bn vs 2023 2021 2023 2025 2026 Single face to Financing clients UK-centred, global corporate Bank Structured Financing Financing income (£bn) International Corporate Bank UK Corporate Bank Business Banking Online client access channels 5 2025 1 2026 Fixed Income Financing Single view of risk for the client and for Barclays Innovating to drive future solutions across digital assets
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52 February 2026 Barclays Targets Update Statutory RoTE 2023 2025 2026 2028 Barclays UK UK Corporate Bank Private Bank & Wealth Management Investment Bank US Consumer Bank 19% 21% >20% >20% Better returns: through business mix and improved performance 1 c.£16bn of RWA growth in USCB from IRB model migration. IRB model implementation delayed to 2027 | Note: The pie charts represent the percentage of RWAs in each respective business as a proportion of Group RWAs | Note: Our targets and guidance are basedon management's current expectations as to the macroeconomic environment and the business and are subject to change | 4% 11% >12% Mid-teens % 7% 11% c.12% >13% 33% 26% >25% >25% 21% 19% High teens % >20% Feb 24: high teens Feb 24: >12% 2023 vs 2025 c.£20bn of c.£30bn UK business growth RWAs Broadly stable RWAs >5% lending CAGR Further RWA deployment Broadly stable RWAs Whilst absorbing Basel 3.1 34%30% 55%58% 8%7% Improving mixImproving returns 2025 vs 2028 Capital efficient growth Incl. c.£16bn IRB1 Business growth RWAs
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53 February 2026 Barclays Targets Update What More balanced means 2024-25 2026-28 Capital discipline in Investment Bank UK lending growth Capital discipline in Investment Bank UK lending growth Build fee income
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54 February 2026 Barclays Targets Update 2% 5% 2024² 2025² 2025-28 More balanced: UK lending growth of >5% CAGR to 2028 1 Excludes runoff portfolio of Business Banking loans | 2 Represents year-on-year growth | 3 Nominal UK GDP is 3.3% and 4.8% in 2024 and 2025 respectively. Forward looking nominal GDP of 3.7% is based on an average from 2026-2028 using internal assumptions | Specialist mortgages Open market strategy Barclays UK: Scaling multi-brand offering Growing and capturing market share Which gives confidence in >5% lending CAGR Nominal UK GDP growth3 >5% CAGR 2025-28Mortgages Credit cards Consumer loans Business Banking1 UK Corporate Bank 2023 2025 UK lending (£bn) 172163 1610 107 1010 3026 Multi-brand card partnerships UK lending growth (%)
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55 February 2026 Barclays Targets Update More balanced: accelerating investments to drive returns 1.1 c.2.3 2023-25 2026-28 Organic investments for growth and efficiency (£bn) Fee growth • Transaction Banking • Premier and Wealth offering Adopt digital and AI at scale • Modernise platforms • Streamline customer journeys • Improve products and services
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56 February 2026 Barclays Targets Update 11.3 11.8 5.3 5.8 4.1 6.0 4.3 5.125.4 29.1 2023 2025 2028 2028+ More balanced: building fee income Group wide capabilities and connections Driving fee income beyond 2028 1 FI metrix 2025 Global Transaction Banking Survey | 2 Based on 2025 Dealogic US ABS League Tables | 3 Chart does not sum up to total income mainly due to the exclusion of Head Office income of £510m in 2023 and £252m in 2025 | 4 Includes product structural hedge income | 5 Does not reconcile to “Net fee, commission and other income” listed in the Annual Report and Results Announcement due to methodology differences | 6 Includes Financing income from the Investment Bank | Note: Indicative financials beyond 2028 | Barclays UK PBWM UKCB IB IB USCB #2 ranked US ABS franchise2 Planning & Advice #1 GBP clearer1 Transaction Banking Premier Wealth Management Origination engine through Best Egg Deposits4 Fee income5 Intermediation Lending6 Income (£bn)3 5% CAGR
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57 February 2026 Barclays Targets Update The external environment presents risk with opportunity • Structural hedge tailwind • Diversified income streams • Capital strength • Robust balance sheet • Diversified geographical and business mix • Stress testing • Disciplined risk management • Well-established securitisation programmes Interest rate cycle Technological disruption Evolving regulation Credit uncertainty Geopolitical uncertainty • Simplifying operations • Deep and broad investment in technology and AI • Resilient, secure and reliable systems
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58 February 2026 Barclays Targets Update Confident in delivering our financial goals 1 At least £10bn from 2024-2026. This multi-year plan, including planned dividend of £2bn for 2026, is subject to supervisory andBoard approval, anticipated financial performance and our published CET1 ratio target range of 13-14% | 2 Updated to reflect IRB model migration and Basel 3.1 now expected in 2027 | Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | Targets 2025 2026 2028 Statutory RoTE 11.3% >12% >14% Total payout £3.7bn Progressive increase vs 20251 Incl. planned £2bn dividend for 2026 >£15bn1 2026-2028 With capacity to support investment and growth Investment Bank RWAs (% of Group) 55% Mid 50s%2 c.50%
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59 February 2026 Barclays Targets Update More balancedBetterSimpler Outcome to 2028
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60 February 2026 Barclays Targets Update New horizon in 2028 is grounded in existing momentum 2023-25 2025-28 Group income 7% CAGR >5% CAGR UK lending 4% CAGR1 >5% CAGR Investment Bank income 9% CAGR Low single digit CAGR Investment Bank income / average RWAs 5.5% → 6.6% >7% Gross cost efficiency savings £1.7bn 2024-25 c.£2.0bn Investment Bank costs 3% CAGR Modest growth Group cost: income ratio 63%2 → 61% Low 50s % 2028 Group loan loss rate FY24: 46bps FY25: 52bps 50-60bps Through the cycle 1 Growth in UK lending in 2024 was 2% and in 2025 was 5% | 2 Excludes Q423 structural cost actions of £927m. Including this, cost: income ratio was 67% | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change |
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61 February 2026 Barclays Targets Update 11.3% >12% >14% 2025 Income Costs Impairment Book value growth & Other 2026 Income Costs Impairment Book value growth & Other 2028 RoTE: targeting >12% in 2026 and >14% in 2028 1 Retail & Corporate consists of income from Barclays UK, Barclays UK Corporate Bank, Barclays Private Bank and Wealth Management, the International Corporate Bank, Barclays US Consumer Bank and Head Office | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Retail & Corporate1 IB
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62 February 2026 Barclays Targets Update 9.7 11.0 11.3 12.8 15.2 14.4 15.5 16.4 29.1 32.3 32.9 25.0 25.4 26.8 29.1 2022 2023 2024 2025 Group NII² Fee income³ IB NII and fee income 2028 7% Income CAGR 8% NII2 CAGR Income: growth underpinned by Net Interest Income 1 Includes non-NII of Barclays UK, UK Corporate Bank, Private Bank and Wealth Management, and US Consumer Bank , as well as total Investment Bank and Head office income | 2 Group NII excl. the Investment Bank and Head Office | 3 Includes non-NII from Barclays UK, UK Corporate Bank, Private Bank and Wealth Management, and US Consumer Bank | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Note: Charts may not sum due to rounding | Group NII excl. Investment Bank and Head Office Investment Bank & other1 >5% Income CAGRIncome (£bn) 2026 guidance Group income: c.£31bn (previously c.£30bn) Group NII ex IB & HO: >£13.5bn BUK NII: £8.1bn-£8.3bn c.50% of income growth from structural hedge
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63 February 2026 Barclays Targets Update Income: gross structural hedge income expected to grow beyond 2028 1 UK Pound Sterling SONIA OIS Zero 7 Year Point (Refinitiv: GBPOIS7YZ=R) | 2 Gross hedge income divided by period end hedge notional | 3 Remainder of income growth allocated to USCB and HO | Income growth allocation3 2025 2026 Barclays UK c.75% c.55% UK Corporate Bank c.10% c.15% Private Bank & Wealth Management c.5% c.10% Investment Bank c.5% c.20% 2026-28 planning assumptions • c.£35bn maturing per year • Broadly stable notional • Reinvestment rate of c.3.5% 5.9 6.4 locked in 5.7 locked in 4.8 locked in 3.8% 2.5% 00.0 02.0 04.0 06.0 08.0 10.0 12.0 14.0 2025 2026 2027 2028 Maturing yield c.2.7% Gross hedge income (£bn) c.2.1%c.1.5% +c.£1bn Hedge yield2 GBP 7yr swap rate1
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64 February 2026 Barclays Targets Update Income: continuing to drive Investment Bank RWA productivity Delivering on what we promised Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | 2026 target Progress two years into the plan 2028 target Income / Average RWAs Increase vs. 5.5% (2023) 6.6% >7% RWAs Broadly stable Stable for 4 years Broadly stable Income CAGR High single digit 2026 vs. 2023 +9% Low single digit CAGR 2028 vs. 2025 Costs CAGR Modest growth +3% Modest growth 6.1% 6.2% 6.0% 6.8% 2019 2020 2021 2022 2023 2024 2025 Income/ Average RWA Average RWA (£bn) 86 116 125 126 Improving capital productivity of the Investment Bank Investment Banking Income/ Average RWA 5.4% 4.6% 5.5% 6.1% 2019 2020 2021 2022 2023 2024 2025 Average RWA (£bn) 67 84 78 72 Global Markets
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65 February 2026 Barclays Targets Update 11.0 13.1 1.4 0.5 0.1 2023 Global Markets Banking fees International Corporate Bank 2025 Global Markets Banking fees International Corporate Bank 2028 Income: Investment Bank growth supported by more stable income Income (£bn) 1 Global Markets share based on Barclays’ calculations using peers’ reported financials, including restatements. Top 9 peers includes Barclays and; US peers: Bank of America, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley. European Peers: BNP Paribas, Deutsche Bank, UBS | 2 Dealogic Banking fee share for the period 1 January 2025 to 31 December 2025, as at 6 January 2026 | 3 Forward looking metrics based on market consensus and are factored into the internal assumptions including assuming a broadlystable mix | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | 6.5% 3.0% 6.5% 3.0% Global Markets Share1 Investment Banking Fee Share2 c.3.5% 9% CAGR Low single digit CAGR Broadly stable3 Increased productivity, targeting income/average RWAs of >7% by 2028 Underpinned by realistic planning assumptions including flat Investment Bank wallet
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66 February 2026 Barclays Targets Update Costs: modest cost growth to 2028, with positive operating jaws in each year Group costs (£bn) Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | 17.7 Modest growth vs. 2025 c.1.2 c.0.8 c.0.8c.(0.3) c.(2.0) 2025 Excl. one-offs Efficiency savings Inflation Business growth Investments 2028 • Broadly equal split 2026-28 • Includes c.£0.2bn for Tesco 61% Low 50s% Includes c.£0.4bn Best Egg 2026 guidance Cost: income ratio: High 50s% Absolute costs: Modest growth versus 2025 Cost: income ratio (%)
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67 February 2026 Barclays Targets Update 68% 60% 56%1 56%2 56% 58% 52% 2021 2022 2023 2024 2025 4.3 4.9 0.4 0.2 2024 Tesco Other 2025 Efficiency savings Inflation Business growth and investments 2028 Costs: normalised costs driving Barclays UK operating leverage from 2026 Ongoing transformation journey Efficiency savings underpin lower cost base by 2028 1 Excludes Q423 structural cost actions of £168m. Including this, statutory cost:income ratio is 58% | 2 Excludes day one gain on acquisition of Tesco Bank of £0.6bn. Including this, statutory cost:income ratio is 52% | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Includes c.£0.2bn for Tesco • Redesigned customer service model • Tech rationalisation and modernisation • Branch footprint optimisation 56% Mid 40s%Barclays UK cost: income ratio (%) 2026 guidance Cost: income ratio: Low 50s% (previously c.50%) 56%2 Includes c.£50m one-offs CIR for Q423 incl. SCA CIR for Q424 incl. day 1 impact of Tesco Bank
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68 February 2026 Barclays Targets Update c.0.4 c.0.3 c.0.3 c.0.3 c.0.4 c.0.4 0.1 0.4 c.0.6 c.0.7 c.0.7 2023 2024 2025 2026 2027 2028 Costs: capital generation enabling further investment Prior investments yielding tangible results Organic investments for growth and efficiency 1 £14.4 billion applications facilitated in FY25 | 2 At completion, the Kensington Mortgage Portfolio comprised a total of £2.2bn of loans | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Note: Charts may not sum due to rounding | Cash Investment Results to date Kensington Mortgages c.£2.4bn2 2023 3-4x higher margin versus Barclays brand Inorganic Tesco Bank c.£0.6bn 2024 +£100m additional NII from funding synergies BUK Mortgage Broker platform c.£60m 2022-25 +c.60% in Prime billable balances £14.4bn1 applications facilitated c.£130m 2023-25 Global Markets Financing platform Organic £bn (P&L) Best Egg 0.3 0.3 0.4 c.0.7 c.0.8 c.0.8 2023 2024 2025 2026 2027 2028 £bn (P&L) Tesco Bank c.£2.3bn£1.1bn Operating costs from recent acquisitions
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69 February 2026 Barclays Targets Update Barclays UK c.£0.5bn Barclays UK Corporate Bank c.£0.1bn Barclays Private Bank & Wealth Management 4 c.£0.1bn Barclays Investment Bank c.£0.6bn Barclays US Consumer Bank c.£0.1bn Group5 £1.7bn 63% 62% 61% High 50s% Low 50s% 50% 55% 51% High 40s% Low 40s% Costs: improved cost: income ratios and further efficiency savings 1 Excludes Q4 structural cost actions of £927m (Barclays UK: £168m, UK Corporate Bank: £27m, Private Bank & Wealth Management: £29m, Investment Bank: £169m, US Consumer Bank: £19m) | 2 Includes structural cost actions of £168m in Barclays UK. Excluding this, cost: income ratio was 56% | 3 Includes day one income gain on acquisition of Tesco Bank of £0.6bn. Excluding this, cost: income ratio was 56% | 4 Figures on a pro-forma basis to reflect the transfer of UK Wealth to the Private Bank as if it occurred on 1st Jan 2022 | 5 Includes Head Office | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Underpinned by c.£2bn of cost efficiency savings across 2026-2028 Cost: income ratio 56% 52%2 56%3 Low 50s% Mid 40s% 69% 70% 73% High 60s% High 60s% 50% 49% 45% Mid 40s% Low 40s% 69% 67% 62% c.60% High 50s% Cost efficiencies 2026 2028202520231 20242024-25
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70 February 2026 Barclays Targets Update Impairment: maintaining Group through the cycle LLR guidance of 50-60bps Group has operated within 50-60bps LLR for the past decade Structurally lower UK impairment 1 In Q425 | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | UK Cards • Strong credit quality • Payment rates remain elevated 0.2% 0.1% USCB • Super Prime 757 average FICO card book • Best Egg model supports lower LLR 1.6% Mortgages • Strong affordability criteria since 2014 • 55% LTV stock, 26% HLTV flow1 Q425 90d+ arrears 53 57 44 55 138 -18 30 46 46 52 59 59 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Group LLR Average LLR between FY20 and FY21 50-60bps through the cycle range BUK: c.30bps LLR through the cycle UKCB: c.35bps LLR through the cycle Expect lower USCB LLR beyond 2026 USCB: c.550bps in 2026. c.500bps through the cycle
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71 February 2026 Barclays Targets Update Structurally improved profit signature driving strong capital generation Profit signature has structurally improved Driving organic capital generation (bps)1 1 Reflects capital benefit from attributable profit generation | Note: Our targets and guidance are based on management's currentexpectations as to the macroeconomic environment and the business and are subject to change | RoTE 2023 2028 Barclays UK Barclays UK Corporate Bank Barclays Private Bank & Wealth Management Barclays Investment Bank Barclays US Consumer Bank Barclays Group 19% >20% 21% >20% 33% >25% 7% >13% 4% Mid-teens 9% >14% RoTE (%) 9.0 10.5 11.3 >12% >14% Targets 125 141 173 >200 >230 2023 2024 2025 2026 2028
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72 February 2026 Barclays Targets Update Unchanged capital allocation priorities 1 This multi-year plan, including planned dividend of £2bn in 2026, is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14% | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Increase returns to our shareholders Distributions through quarterly share buybacks and semi-annual dividends Grow our business for the benefit of all our stakeholders Capacity to invest selectively to support structurally higher returns 2. Shareholder distributions 3. Investment1. Regulatory capital 13-14% target CET1 range Plan to return >£15bn 2026-20281 With capacity to support investment and growth High hurdle for investment in the business Protect our customers, clients and investors Sufficient headroom to absorb regulatory headwinds
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73 February 2026 Barclays Targets Update Capital distributions: plan to return greater than £15bn from 2026 to 20281 1 This multi-year plan, including planned dividend of £2bn for 2026, is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14% | 2 Market capitalisation as at 31 January 2026 | Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | 2024 2025 2026 £1.8bn buyback £1.2bn dividend £3.0bn 5% DPS growth year on year Capital distribution through quarterly share buybacks and semi-annual dividends, with a continued preference for share buybacks. Periodic review of distribution mix to reflect level of returns and shareholder preferences Planned dividend of £2bn for 2026, with progressive dividend per share growth thereafter, as a result of share buybacks driving share count reduction Plan to return >£15bn1 with capacity to support investment and growth 2026 - 2028 £2.5bn buyback £1.2bn dividend £3.7bn 2% DPS growth year on year Progressive increase vs 20251 Incl. planned £2bn dividend for 2026 c.23% of market cap2 2024-26: At least £10bn1
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74 February 2026 Barclays Targets Update Income c.£31bn Previously c.£30bn >5% CAGR 2025-2028 Group NII excl. Investment Bank and Head Office >£12.6bn >£13.5bn Barclays UK NII >£7.6bn £8.1bn - £8.3bn Cost: income c.61% High 50s% Low 50s% Loan Loss Rate (LLR) 50-60bps Through the cycle 50-60bps Through the cycle 50-60bps Through the cycle We achieved our 2025 guidance and are on the path to 2026 and 2028 delivery 1 At least £10bn from 2024-2026. This multi-year plan, including planned dividend of £2bn for 2026, is subject to supervisory andBoard approval, anticipated financial performance and our published CET1 ratio target range of 13-14% | 2 Updated to reflect IRB model migration and Basel 3.1 now expected in 2027 | Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | 2025 guidance 2026 targets 2028 targets Statutory RoTE >11% >12% >14% Total payout Progressive increase vs. 2024 incl. £1.2bn dividend Progressive increase vs. 20251 incl. planned £2bn dividend for 2026 >£15bn1 With capacity to support investment and growth 2026-2028 Investment Bank RWAs (% of Group) Mid 50s%2 c.50% CET1 ratio 13-14% 13-14% 13-14%
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75 February 2026 Barclays Targets Update Barclays – a journey to sustainably higher returns 1 Excluding structural cost actions of £927m. Including structural cost actions, RoTE would be 9.0% | Note: Our targets and guidance are based on management's current expectations of the macroeconomic environment and the business and are subject to change | 2021 - 2023 2024-25 2026-28 2028+ Stabilisation 13.1% 10.4% 10.6%1 2021 2022 2023 RoTE (%) Simpler Better More balanced Growth 10.5% 11.3% 2024 2025 Building foundations for all-weather RoTE >12% >14% 2026 2028 Sustainably higher returns 2028+
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76 February 2026 Barclays Targets Update Why Barclays 1This multi-year plan, including planned dividend of £2bn for 2026, is subject to supervisory and Board approval, anticipated financial performance and our published CET1 ratio target range of 13-14% | 2 With capacity to support investment and growth | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | High returning UK retail and corporate franchises1 2 Top-tier global Investment Bank with focus and scale, operating in core UK and US markets Disciplined capital allocation driving growth within higher returning divisions and greater RWA productivity in the Investment Bank3 .4 Consistent multi-year delivery of double-digit RoTE, targeting >14% by 2028 Growing capital return to shareholders; greater than £15bn1,2 2026- 20285
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Q&A
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Operational datapack
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79 February 2026 Barclays Targets Update Grow lending market share Focus on improving customer relationships Deliver operational efficiencies to facilitate investment in growth Barclays UK: Progress to Simpler, Better and More balanced 1 tNPS metric represents our retail colleague led channels, as at December 2025 | 2 High loan-to-value mortgages reflecting 85%+ loan-to-value. 24% HLTV in FY25 | 3 Based on residential flow mortgages. 6% HLTV mix stated at the February 2024 Investor Update was based on stock mortgages | Simpler Better More balanced 2025 progress • +61 branch channel tNPS Score vs. +38 in FY231 • >50% reduction in speed-to-answer for contact centre colleagues • 6% handling time reduction following launch of GenAI Help Hub Assistant, supporting 16k colleagues • >20% reduction in response time from AI-powered Letter Generator • 24% HLTV2 mix vs 9% in FY233 • +1.4 million card acquisitions, +126% vs. FY23, • Of which +300k from Tesco Bank
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80 February 2026 Barclays Targets Update Barclays UK financials and targets 1 Includes day one gain on acquisition of Tesco Bank of £0.6bn and day one impairment charge of £0.2bn. Excluding these day oneimpacts, Barclays UK RoTE would be 20.8% | 2 Includes NII from Tesco Bank | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Financials Net interest income (£bn)2 Total income (£bn) Cost: income ratio Risk weighted assets (£bn) Loan Loss Rate (bps) RoTE 19% 19% 23%1 21% 60% 58% 52% 56% 73 74 85 86 13 14 16 18 2024 2025 2026 Targets >20% Feb 24: High teens% Low 50s% Feb 24: c.50% Grow contribution to Group RWA 20232022 2028 Targets >20% Mid 40s% c.30bps through the cycle £8.1-8.3bn (NII)5.9 6.4 6.6 7.7 7.3 7.6 8.3 8.7 c.30bps Feb 24: c.35bps
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81 February 2026 Barclays Targets Update Barclays UK Corporate Bank: Progress to Simpler, Better and More balanced 1 Source: SavantaMarket Vue Survey | Simpler Better More balanced Grow share of lending, and attract new clients Grow broad-based income through deeper client relationships Drive productivity and seamless digital delivery 2025 progress • +10% improved client satisfaction1 vs. 56% as at FY23 • c.50% of lending growth from new clients • c.50% self-served client interactions vs. c.30% as at FY23 • c.580 new clients attracted vs c.550 in FY24
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82 February 2026 Barclays Targets Update Barclays UK Corporate Bank financials and targets 1 2022 and 2023 Loan and Deposit balances reflect a c.£2bn reduction from refinements to the perimeter with the International Corporate Bank within IB | 2 Aim to grow lending at a faster rate than the market. Measured using Bank of England data: amounts outstanding of monetary financial institutions' sterling and all foreign currency loans to all non-financial businesses (in sterling millions) not seasonally adjusted | 3 Aim to grow deposits in line with the UK corporate deposit market. Measured using Bank of England data: Money Supply data | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Financials Income (£bn) Cost: income ratio Credit impairment charges/(releases) (£m) RoTE 1.7 1.8 1.8 2.1 19% 21% 16% 19% 49% 52% 55% 51% 27 26 25 30 84 85 83 89 0 (27) 76 37 Loans (£bn)1 Deposits (£bn) 2026 Targets High teens % Deliver high-quality growth across broad sources High 40s% c.35bps loan loss rate Grow lending market share2 Grow deposits in-line with UK corporate deposit market3 2023 20242022 29bps LLR 2025 12bps LLR 2028 Targets >20% Low 40s% c.35bps through the cycle
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83 February 2026 Barclays Targets Update 2025 progress Barclays Private Bank and Wealth Management: Progress to Simpler, Better and More balanced 1 Net new AUM excludes market movements and FX | Simpler Better More balanced Grow assets under management Strengthen proposition across the UK Wealth continuum and International Private Bank Continue to invest in client experience New business structure Driving cost efficiencies to reinvest • Successful pilot of Planning and Advice • Piloted single digital interface allowing joint PBWM- BUK clients to see all their account in one place • Globally co-ordinated coverage with key hires in Middle East • +£3.3bn net new AUM1 • Achieved >100% of 2023-26 gross cost efficiency savings target
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84 February 2026 Barclays Targets Update Barclays Private Bank and Wealth Management financials and targets 1 Figures on a pro-forma basis to reflect the transfer of UK Wealth to the Private Bank as if it occurred on 1st Jan 2022 | 2 CAGR vs 2023 | 3 CAGR vs 2025 | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Financials1 Cost: income ratio RoTE 29% 31% 28% 26% 69% 69% 70% 73% 167 183 209 228 Client assets and liabilities (£bn) Double digit CAGR2 Income (£bn) 1.2 1.3 1.3 1.4 Deliver high- quality growth across broad sources >25% High 60s% 2026 Targets2023 20242022 2025 High single digit CAGR3 >25% High 60s% 2028 Targets
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85 February 2026 Barclays Targets Update Sustain momentum in our businesses with Top 5 market share Grow our next focus businesses Improve our electronic offering Global Markets: Progress to Simpler, Better and More balanced 1 Based on Barclays analysis using internal and external sources as at H1 2025 | 2 Reflects reduction of technology outages in FY25 vs FY21 | 3 Reduction of technology outages in FY23 vs FY21| Simpler Better More balanced Continue scaling more stable Financing income Monetise our deep client relationships Maintain our prudent risk management 2025 progress • 62 Top 5 rank with Top 100 clients1 vs. target of 70 • 6 Trading loss days vs. 7 at FY23 • +c.£0.4bn vs. 2023 income growth in 3 focus businesses (+c.£0.5bn 2026 target) • 90% reduction in technology outages2 vs. 78%3 FY23 • +c.£0.6bn vs. 2023 income growth in Financing (+c.£0.6bn 2026 target)
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86 February 2026 Barclays Targets Update Capital stewardship Client footprint Investment Banking: Progress to Simpler, Better and More balanced 1 Reflects month end deposits | 2 Data sourced internally as at November 2025. Revenue includes treasury coverage revenue for all IB clients (and includes institutional FX revenue), capital represents RWAs against treasury coverage products | 3 Fee share as per Dealogic for the period 1 January 2025 to 31 December 2025, as at 6 January 2026 | Simpler Better More balanced Increase share in Advisory and ECM Treasury Coverage 2025 progress • +137% growth in US deposits1 vs. FY23 • Treasury coverage model rolled out to 1,500 clients representing c.73% of capital2 and c.62% of revenue2 • Fully integrated businesses • 6.1% Income / Average RWA (2026 target: >5.4%) • Reviewed 60% of total loan book, helping to drive 150bps Income / Average RWA increase vs. FY23 • Single view of priority clients • +c.40bps ECM sponsors fee share3 vs FY24 • +c.20bps Advisory sponsors fee share3 vs FY24
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87 February 2026 Barclays Targets Update Barclays Investment Bank financials and targets 1 Income excluding over-issuance of securities was £11.6bn | 2 CAGR vs. 2023 | 3 CAGR vs. 2025 | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Financials Income (£bn) Cost: income Income / Average RWA (%) RWA (£bn) RoTE 2026 Targets c.12% Feb 24: >12% High single digit CAGR2 Broadly stable Increase vs. 2023 9% 7% 8% 11% 69% 70% 67% 62% 11.91 11.0 11.8 13.1 196 197 199 197 5.8% 5.5% 5.8% 6.6% 2024 20252022 2023 2028 Targets >13% High 50s% Broadly stable >7% Low single digit CAGR3 c.60% Feb 24: High 50s%
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88 February 2026 Barclays Targets Update Barclays US Consumer Bank: Progress to Simpler, Better and More balanced 1 Reflects rate movement from December 2024 to December 2025 for active mobile app users | 2 Reflects rate movement from December 2024 to December 2025 for total electronic statements divided by total printed statements plus total electronic statements | 3 Retail percentage based on credit card reported ENR | Simpler Better More balanced Improve NIM by optimising pricing and credit mix Selective risk transfers to optimise use of balance sheet Scale and diversify by growing existing partnerships and new partners Invest in digitisation to deliver operational efficiencies and enhanced customer experience • Successful onboarding of General Motors • Announcement of Best Egg acquisition 2025 progress • 5.5ppt increase in customers using the mobile app1 • 4ppt increase in customer e-statement usage2 • 19% of end net receivables in Retail segment3 • 20% YoY increase in retail deposits • 69% of total funding from core deposits
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89 February 2026 Barclays Targets Update Barclays US Consumer Bank financials and targets 1 All metrics shown on IFRS basis | 2 Reflects net of premium, deferred costs write-off, and impairment allowance release | 3 CAGR vs. 2025 | 4 Total ENR | 5 Includes c.$11bn of loans sold and serviced by Best Egg | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environment and the business and are subject to change | Key Metrics1 Loan Loss Rate (bps) RoTE 13% 4% 9% 11% 9.7% 10.9% 10.7% 11.1% 237 514 431 496 Net interest margin (%) Cost: Income ratio (%) 58% 51% 49% 45% 2026 Targets c.550bps >12% c.12% excluding AA gain on sale2 >13% Mid-40s 2023 20242022 2028 Targets2025 c.500bps through the cycle Mid-Teens Low-40s Income (£bn) High single digit CAGR3 29 32 34 38End Net Receivables ($bn)4 >$40bn5 2.6 3.3 3.3 3.7 3.2 4.1 4.2 4.9Income ($bn)
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Appendix
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91 February 2026 Barclays FY25 Results Plan continues to be based on realistic assumptions 1 Source: Bloomberg consensus and market implied rate as at 2 February 2026 | 2 2025 Global Markets wallet based on internal Barclays estimates and 2025 Banking wallet based on Dealogic for the period 1 January 2025 to 31 December 2025, as at 6 January 2026 | Note: Group plan based on an average USD/GBP FX rate of 1.35 | Note: Forward looking metrics based on market consensus and are factored into the internal assumptions | 5.1% 4.8% 4.8%5.1% 4.8% 2025 2026 2027 2028 2.5% 2.2% 2.2% 3.4% 2.2% 2.0% 2025 2026 2027 2028 UK Unemployment 10th Feb 2026 UK Inflation UK Rates US Unemployment 10th Feb 2026 US Inflation 10th Feb 2026 10th Feb 2026 139 135 135 135 103 105 105 105 2025 2026 2027 2028 Markets & Banking wallet ($bn)2 Markets 10th Feb 2026 Banking 10th Feb 2026 3.5% 3.5% 3.5% 3.8% 3.9% 4.0% 4.2% 4.5% 4.4% 4.4% 4.4% 4.3% 2025 2026 2027 2028 2.9% 2.6% 2.6%2.8% 2.7% 2025 2026 2027 2028 Consensus1 Consensus1 Consensus1 Consensus1 3.75% 3.50% 3.75% 3.75% 3.25% 3.25% 2025 2026 2027 2028 Hedge reinvestment rate UK bank rate Consensus1 7 year GBP swap rate Market implied1
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92 February 2026 Barclays FY25 Results Resilient UK economic trends UK GDP growth comparable to US and Euro economies1 UK debt-to-GDP lower than historic highs2 Positive UK wage growth and benign unemployment2 UK business leaders remain confident3 1 Source: Bloomberg consensus as at 2 February 2026. Figures for 2025 and 2026 are estimates | 2 Source: ONS | 3 Source: Barclays Business Prosperity Index as at November and December 2025 | 40% 60% 80% 100% Households Non-financial corporations Debt as a % of GDP 2010 2012 2014 2016 2018 2020 2022 2024 Q325 0% 1% 2% 3% 4% 5% 6% 7% UK US Eurozone Germany France 2024 2025E 2026E Nominal GDP growth 86% feel confident about the future prosperity of their business 40% more likely to borrow to invest for growth, vs. 19% less likely 38% who delayed investment now plan to increase after the Budget 42% say the Budget provided a clear direction for future plans-6% -4% -2% 0% 2% 4% 0% 2% 4% 6% 8% 10% 2010 2012 2014 2016 2018 2020 2022 2024 Q325 Unemployment Real wage growth
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93 February 2026 Barclays FY25 Results Russia/ Ukraine Global Markets risk managed prudently 1 Quarterly 95% Daily Average VaR as at 31st December 2025 excluding UK holidays | 2 The graph and table present the number of business days, the frequency distribution of Markets net income for positions included in VaR | Global Markets: VaR Global Markets: Daily trading income distribution2 Pandemic Average FY19-24 FY25 <£0m £0-15m £15-30m £30-50m £50m+ Average FY19 –24 11 67 101 56 17 FY25 6 61 106 64 19 US banking crisis Average VaR1 £23m £0m £20m £40m £60m Q419 Q420 Q421 Q422 Q423 Q424 Q425
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94 February 2026 Barclays FY25 Results Long-term prudent risk positioning in our credit card portfolios UK cards US cards 1 Loans and Advances (L&A) | 2 Includes Tesco Bank cards | 3 Includes a co-branded card portfolio classified as assets held for sale in December 2024 | Continued low and stable delinquencies Broadly stable arrears rates 14.7 9.9 8.7 9.2 9.7 15.0 16.4 10.5% 16.6% 12.8% 7.6% 6.8% 4.8% 4.3% Q419 Q420 Q421 Q422 Q423 Q424² Q425² Total coverage Net L&A1 (£bn) 1.7% 0.8%0.8% 0.2% Q419 Q420 Q421 Q422 Q423 Q424² Q425² 2.7% 3.0% 1.4% 1.6% Q419 Q420 Q421 Q422 Q423 Q424³ Q425³ 20.5 14.7 16.1 23.7 24.5 25.7 26.3 9.1% 14.3% 10.6% 8.1% 10.2% 9.9% 9.7% Q419 Q420 Q421 Q422 Q423 Q424³ Q425³ Total coverage Net L&A1 (£bn) 90 day 30 day 90 day 30 day 21.6% 33.1% 36.6% 19.2% 23.1% 21.3% 20.5%Stage 2 coverage 21.3% 27.0% 40.3% 33.6% 33.0% 26.6% 30.6%Stage 2 coverage
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95 February 2026 Barclays FY25 Results 0% 5% 10% 15% 20% 25% 0% 2% 4% 6% 8% 10% 11% 12% 12% Q225 Q325 Q425 28% 31% Q419 Q425 Our US Cards book is high quality and stable, with no signs of stress 1 Source: FRED (St. Louis Fed) data | 2 Based on open customer accounts | 3 Each line represents one of the other top-9 largest US issuers, by receivables - data sourced from external disclosures | 4 Payment rates defined as current period payments as a percentage of prior period end outstanding balances | 5 Reflects FICO distribution based on ending net receivables for customer credit cards | 6 Reflects FICO distribution based on new accounts acquired during specified period for customer credit cards | Note: Charts may not sum due to rounding | US consumer indebtedness lower versus historic levels1 Our book is positioned in the super-prime segment Delinquency rates compare well to other US card issuers Consistent, high-quality book over time Revolving debt as % of income 0% 2% 4% 6% 2013 2015 2017 2019 2021 2023 2025 USCB 30d delinquencies Top US issuers 30d delinquencies3 USCB average FICO Q425 USCB average FICO: 757 2 Pandemic2008 crisis 14% 13% 42% 41% 43% 46% Q419 Q425 New account acquisitions <660 FICO6 <660 660-740 FICO mix across book5Payment rates across book4 Cash balances as % of income 540 590 640 690 740 790 2013 2015 2017 2019 2021 2023 2025 Deep Subprime Subprime Near Prime Prime Super-prime >740 2008 2010 2012 2014 2016 2018 2020 2022 2024 Q325
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96 February 2026 Barclays FY25 Results Acquisition of Best Egg and sale of American Airlines1 to complete in Q226 Estimated impacts in Q226 Annual normalised income ($m)2 1 Sale of American Airlines cards receivables | 2 Expected normalised impacts for Best Egg in 2027 | 3 Reflects net of premium, deferred costs write-off, and impairment allowance release | 4 Includes c.$11bn of loans sold and serviced by Best Egg | 5 Estimated CET1 impact reflecting $800m purchase price for $275m net tangible assets | 6 Total ENR | Note: Our targets and guidance are based on management's current expectations as to the macroeconomic environmentand the business and are subject to change | Income RWA CET1 ratio American Airlines partnership exit Best Egg acquisition +c.$1bn-c.$5bn c.$0.4bn gain on sale3 AA Best Egg Capital light origination and servicing fees c.70% CIR2 c.$700m2 2026 targets >13% (previously >12%) Net interest margin Mid-40s Cost: income ratio c.550bps (previously c.400bps) Loan loss rate >12% RoTE >$40bn4 (previously c.$40bn) Total End Net Receivables6 +c.22bps -c.16bps (c.$525m goodwill)5 c.12% RoTE excluding American Airlines gain on sale3
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97 February 2026 Barclays FY25 Results 12 14 16 21 23 26 28 27 27 21 22 29 32 34 38 15%16%17% 12% 18% 16% 9% 22% 18% (10)% 17% 13% 4% 9% 11% -10% -5% 0% 5% 10% 15% 20% 25% 0 10 20 30 40 Receivables ($bn)² RoTE Avg. ROTE Long track record of growth and returns in USCB 1 Average figures based on period between 2011-2025, excluding 2020 | 2 Total ENR | Why partners choose Barclays Long term mid-teens RoTE business Avg RoTE: 14%1 20+ years of expertise in specialised partner cards Track record of growing partner balances Partnership focus (no own brand distractions) Covid-19: impacted by impairment reserve build
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98 February 2026 Barclays FY25 Results Well provisioned balance sheet Balance sheet provisions for ECL (£bn) Credit impairment charges (£m) 1 Includes debt securities | Note: Charts may not sum due to rounding | 5.2 5.3 0.4 0.4 5.6 5.7 Q325 Q425 Total coverage ratio (on-balance sheet) Gross exposure on balance sheet (£bn)1 431.6 435.3 1.2% 1.2% Off-balance sheet On-balance sheet Barclays UK US Consumer Bank Head Office Investment Bank UK Corporate Bank Management adjustments (£m) 190 369 115 115Of which: economic uncertainty adjustments Private Bank & Wealth Management 1 5 379 431 144 22 5 1 102 74 632 535 Q325 Q425
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99 February 2026 Barclays FY25 Results Resilient mortgage book; leveraging capabilities of Kensington Mortgage portfolio Kensington adding capabilities to Barclays UK 1 High loan-to-value mortgages reflecting 85%+. Based on residential flow completions | 2 Buy to Let (BTL) | 3 Including limited company BTL | Note: Charts may not sum due to rounding | Total mortgage portfolio Q425 c.£172bn • 55.2% average balance weighted LTV of mortgage stock o 41.5% average valuation weighted LTV • Increased HLTV mix1: 26% in Q425 vs 18% in Q424 • 10% of total balances are BTL2 mortgages • Consistently low 90-day arrears rate (Q425: 0.1%) • Well-established affordability assessments in place c.85% fixed 2 year Fixed 36% Tracker/Other 15% Other Fixed 3% 5+ year Fixed 47% Ability to lend to high-yield, low risk customers with complex incomes Barclays brand Kensington 3-4x higher margin At acquisition Q425 Kensington balances (£bn) 2x • Diversification: deploying the Kensington brand into the overall mortgage portfolio, reaching new customer segments3 • Specialist expertise: including knowledge of securitisation markets, supporting efficient funding structures • Risk/reward discipline: proven capability in balancing customer growth with risk management
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100 February 2026 Barclays FY25 Results Private Credit exposures well managed Committed exposure c.6% of loans and advances 1 Barclays PLC loans and advances at amortised cost to customers per the consolidated balance sheet (FY25 results announcement). Excludes debt securities. Comprises of on balance sheet exposures only | 2 Comprises of on and off Group balance sheet exposures. On balance sheet US Private Credit exposure captured within BBPLC New York Branch disclosures under “loans to other financial institutions” | £362bn c.£20bn Customer loans and advances¹ Private Credit committed exposure² • Financing predominantly to large, proven, top tier managers • Financing entails strict limits on borrower and sector concentrations • Financed portfolios skewed toward larger cap corporates with lower LTVs ensuring strong first loss protection o Weighted average EBITDA of >$200m o Average LTV of <60% • Active exposure management: o Revaluation rights retained by Barclays and enforce maintenance of LTVs o Collateral additions are individually approved c.70% US, remainder focused on Europe • Private Credit: Lending conducted outside of banks or public debt markets • Barclays provides senior financing on a secured basis against diversified portfolios of private credit loans
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101 February 2026 Barclays FY25 Results Risk transfer transactions enhance Barclays’ risk management capabilities Q425: Barclays transfers c.£54bn1 risk via a variety of structures 1 Total notional referenced. Includes the first loss position transferred. c.£54bn across major risk transfer portfolios | 2 GBP equivalent, calculated using FX rates on 31/12/25 | 3 Total portfolio securitised | • The banking book has inherent credit risk, driving risk weight density and impairment • Risk transfer transactions are a tool used to manage this risk in a returns accretive manner • We transfer credit risk to investors through a variety of structures. This benefits Barclays by: o Providing credit protection o Reducing required provisions o Reducing capital requirements • The Group is typically required to retain at least 5% of the risk in the securitised assets • This is RoTE accretive for the Group. The benefits of releasing capital is greater than the returns we forego Purpose • Credit linked notes (CLNs) sold to investors • CLNs reference junior risk of underlying pool of corporate loans and RCFs (i.e. on and off balance sheet exposures) • Loans remain on balance sheet and investors receive a coupon on the CLNs Corporate Loans c.£46bn1,2 US cards c.$1bn3 • Outright sale of c.$1bn of US credit card receivables to Blackstone • Receivables derecognised from the balance sheet, with cash flows passed onto Blackstone • Barclays remains the lender of record and receives servicing fees SyntheticCash UK social housing c.£2bn 1 • CLNs sold to investors • The CLNs reference junior risk of underlying pool of social housing loans • Loans remain on balance sheet and investors receive a coupon on the CLNs UK residential mortgages c.£1bn 3 • Outright sale in public RMBS transactions • Mortgages derecognised from balance sheet, with cash flows passed onto the investors • Barclays remains the lender of record and receives servicing fees UK unsecured consumer c.£4bn 3 • Outright sale in public asset backed transaction • Consumer loans remain on balance sheet, with cashflows passed onto investors • Capital relief achieved through compliance with Significant Risk Transfer regulations • Barclays remains the lender of record and receives servicing fees
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102 February 2026 Barclays FY25 Results Risk transfer activities focused on corporate loans and credit cards Q425: Corporate loans Q425: US credit cards 1 Includes the first loss position transferred. GBP equivalent, calculated using FX rates on 31/12/25 | 2 Total loss claims to FY25. IFRS 9 reimbursement asset P&L c.£270m since 2020 | • Colonnade programme established in 2016 • Deployed against exposure in the UK Corporate Bank and Investment Bank • Programme is fully funded, resulting in no counterparty credit risk • CLNs are reissued on a regular basis in a deep and active market o In 2025, 10 deals executed by Barclays, hedging £9.6bn of exposure o ≤£2.0bn RWAs amortisation profile per quarter • Programme size and hedge proportion at a broadly steady state • Initiated risk transfer in Q124 to help optimise capital consumption for USCB in light of IRB model migration headwind • Aim to continue to execute risk transfers on a selective basis c.£300m of credit losses claimed since 20162 £46bn of notional referenced1 c.$1bn RWA relief (post IRB migration) Full impairment relief on an ongoing basis
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103 February 2026 Barclays FY25 Results CET1 ratio in relation to our minimum requirements Q425: CET1 minimum requirements 1 Rebased for the Q425 buyback | 2 PRA expected to review to address double counting | Note: Charts may not sum due to rounding | MDA CCyB CCB G-SII Pillar 2A Pillar 1 4.5% 2.7% 1.5% 2.5% 1.0% 14.3% (14.0% rebased1) 12.2% CET1 requirement CET1 Ratio • Have been operating around the top end of our 13-14% CET1 target range • Returns and distributions targets based on operating around this level • Continue to have flexibility to manage these requirements • >12% RoTE in 2026 expected to generate >200bps of CET1 • We expect the Pillar 2A capital to reduce upon implementation of Basel 3.12 and once the USCB IRB model is implemented
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104 February 2026 Barclays FY25 Results Illustrative -25bps interest rate sensitivity1 1 Based on the modelled performance of the consumer and corporate banking book and includes the impact of both the product and equity structural hedges. It provides the annual impact to Group NII over the next three years, for illustrative purposes only, and is based on a number of assumptions regarding variables which are subject to change. Base rate sensitivity is calculated on a modelling balance sheet consistent with the Group’s risk modelling framework. Such assumptions might also differ from those underlying the AEaRcalculation in the Annual Report and Pillar 3 | • Illustrative Group income impact from a 25bps downward parallel shift in interest rate curves • The sensitivity is calculated using a constant balance sheet - i.e. maturing business is reinvested at a consistent tenor and margin Year 1 Year 2 Year 3 Swap rates £(50)m £(140)m £(240)m Base rates £(30)m £(10)m £(10)m Total £(80)m £(150)m £(250)m Low-interest rate sensitivity
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105 February 2026 Barclays FY25 Results Appendix: Barclays UK Income by business (£m) 1 Includes Tesco Bank | 2 Includes day one acquisition on Tesco Bank of £0.6bn | 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Retail Banking 1,500 1,481 1,403 1,309 1,357 1,402 1,433 2,0782 1,573 1,599 1,708 1,702 Of which: UK Cards1 247 237 238 242 229 228 249 296 292 279 296 287 Business Banking 461 480 470 483 469 485 513 537 501 520 545 560 Barclays UK income 1,961 1,961 1,873 1,792 1,826 1,887 1,946 2,615 2,074 2,119 2,253 2,262
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106 February 2026 Barclays FY25 Results Non-IFRS performance measures US Consumer Bank: Return on average allocated tangible equity1 1 The current segmentation has been maintained in the books and records from 2021 onwards. For periods prior to 2021, the segmentation is based on internal management data, prepared on a materially consistent perimeter | 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Attributable profit (£m) 124 133 163 140 258 280 196 536 490 (256) 379 356 131 302 390 Avg. allocated equity (£bn) 1.3 1.3 1.4 1.7 2.0 2.6 3.0 3.3 3.6 2.9 2.8 3.6 3.8 3.7 4.1 Avg. goodwill and intangibles (£bn) (0.4) (0.5) (0.4) (0.5) (0.6) (0.8) (0.9) (0.8) (0.8) (0.4) (0.6) (0.8) (0.6) (0.4) (0.6) Avg. allocated tangible equity (£bn) 0.9 0.8 1.0 1.2 1.4 1.8 2.1 2.4 2.7 2.4 2.2 2.8 3.2 3.3 3.5 Return on avg. allocated tangible equity (%) 15 16 17 12 18 16 9 22 18 (10) 17 13 4 9 11
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107 February 2026 Barclays FY25 Results Macroeconomic variables 1 Expected Credit Loss (ECL) | 2 YoY percentage change in real annual GDP | 3 Q4 unemployment rate | 4 Year-end central bank policy rates | 5 UK Pound Sterling SONIA OIS Zero 7 Year Point (Refinitiv: GBPOIS7YZ=R) | 6 2025 based on Q4 rate. Forward looking metrics based on YoY percentage change in annual average CPI | 7 2025 Global Markets wallet based on internal Barclays estimates and 2025 banking wallet based on Dealogic for the period 1 January 2025 to 31 December 2025, as at 6 January 2026 | 8 Average UK unemployment rate 16-year+ | 9 Average central bank policy rate | 10 Change in year-end UK HPI = Halifax HPI Meth2 All Houses, All Buyers index | 11 Average US civilian unemployment rate 16-year+ | 12 Change in year-end US HPI = FHFA House Price Index, relative to prior year end | Note: Group plan based on an average USD/GBP FX rate of 1.35 | Note: Forward looking metrics based on market consensus and are factored into the internal assumptions | Macro-economic variables used in the calculation of ECL1 (Baseline scenario - as at 31st December 2025) UK GDP2 1.1% 1.4% 1.4% UK unemployment8 4.9% 4.8% 4.8% UK bank rate9 3.4% 3.4% 3.5% UK HPI10 2.9% 2.5% 4.3% US GDP2 2.0% 2.0% 2.0% US unemployment11 4.5% 4.4% 4.4% US federal funds rate9 3.4% 3.3% 3.3% US HPI12 1.7% 1.9% 2.6% Assumptions 2025 2026 2027 2028 Plan (10th February 2026) UK GDP2 1.4% 1.3% 1.5% 1.4% UK unemployment3 5.1% 4.8% 4.8% 4.8% UK bank rate4 3.75% 3.50% 3.75% 3.75% Hedge reinvestment rate 3.8%5 3.5% 3.5% 3.5% UK inflation6 3.4% 2.5% 2.2% 2.2% US GDP2 2.2% 1.4% 2.0% 2.0% US unemployment3 4.5% 4.4% 4.4% 4.4% US federal funds rate4 3.25% 3.00% 3.00% 3.25% US inflation6 2.8% 2.9% 2.6% 2.6% Markets wallet $139bn7 $135bn $135bn $135bn Banking wallet $103bn7 $105bn $105bn $105bn
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108 February 2026 Barclays FY25 Results Progress across our sustainability and community initiatives Delivering on our climate ambition Sustainable and Transition finance facilitated $260.7bn Δ cumulative vs. target of $1trn between 2023 and end 2030 ($162.2bn as at FY24) Barclays Climate Ventures investments £274m cumulative since 2020 vs. mandate of up to £500m by end of 2027 (£203m as at FY24) Supporting number confidence in UK communities Positive impacts in communities Skills and employability 8.1m+ people supported to access skills and employment opportunities since 20232 LifeSkills partnership with National Numeracy 60 primary schools to benefit by training Numeracy Champions, laying the foundations for better financial confidenceReiterated our ambition to be a net zero bank by 2050 in our Barclays Transition Update (July 2025) Δ 2025 data subject to independent limited assurance under ISAE (UK) 3000 and ISAE 3410. Current limited assurance scope and opinions can be found within the Sustainability Resource Hub: https://home.barclays/our-sustainability-/sustainability-resource- hub/reporting-and-disclosures/ | 1 Sustainable Revenues as at 31 December and their basis of preparation are based on v4.2 of the Sustainable Finance Framework and v1.1 of the Transition Finance Framework. We published version 5.0 of the Sustainable Finance Framework and 2.0 of the Transition Finance Framework in February 2026, with changes to product scope, eligibility criteria and transaction screen processes. See page 78 of the 2025 Annual Report for basis of preparation of Sustainable Revenues | 2 Through LifeSkills, Digital Eagles and Military and Veterans Outreach | Note: Barclays Transition Update can be found within the Sustainability Resource Hub | Sustainable Revenues Just under £0.6bn generated from sustainable and transition-related activity1 in 2025 For more information, please refer to our FY 2025 Sustainability Investor Presentation
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109 February 2026 Barclays FY25 Results Disclaimer Important Notice The terms Barclays or Group refer to Barclays PLC together with its subsidiaries. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation, an offer to sell or solicitation of any offer to buy any securities or financial instruments, or any advice or recommendation with respect to such securities or other financial instruments. Information relating to: • regulatory capital, leverage, liquidity, resolution and related regimes is based on Barclays' interpretation of applicable rules and regulations as in force and implemented in the UK as at the reporting date, including, but not limited to: CRR; the PRA Rulebook; and any applicable delegated acts, implementing acts or technical standards; in each case as amended and, where applicable, as such rules and regulations form part of domestic law by virtue of the European Union (Withdrawal) Act 2018. All such regulatory requirements are subject to change and disclosures made by the Group will be subject to any resulting changes. The Pillar 2A requirement is also subject to at least annual review; • MREL reported as at 31 December 2025 is based on Barclays' understanding of the Bank of England’s statement of policy on "The Bank of England's approach to setting a minimum requirement for own funds and eligible liabilities (MREL)" published in December 2021, and its MREL requirements communicated to Barclays by the Bank of England. In July 2025, the Bank of England published amendments to the December 2021 MREL statement of policy, which took effect on 1 January 2026. Binding future MREL requirements remain subject to change, as determined by the Bank of England, taking into account a number of factors as described in the amended statement of policy, along with international developments; • future regulatory capital, leverage, liquidity, funding and/or MREL, including forward-looking illustrations, are provided for illustrative purposes only and are not forecasts of Barclays’ results of operations or capital position or otherwise. Illustrations regarding the capital flight path, end-state capital evolution and expectations and MREL build are based on certain assumptions applicable at the date of publication only which cannot be assured and are subject to change. Non-IFRS performance measures Barclays’ management believes that the non IFRS performance measures included in this presentation 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 presentation are not a substitute for IFRS measures and readers should consider the IFRS measures as well. Refer to the appendix of the Barclays PLC Results Announcements for each of the periods ended 31 December 2019, 31 December 2021, 31 December 2023, 31 March 2025, 30 June 2025, 30 September 2025 and 31 December 2025, and the Group Reporting Changes 2023 Results Resegmentation Document, respectively, which are available at Barclays.com, for further information and calculations of non-IFRS performance measures included throughout this presentation, and the most directly comparable IFRS measures. 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 Ukraine and the Middle East 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, this Barclays PLC 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.
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110 February 2026 Barclays Targets Update Contact details, upcoming events and useful presentations Upcoming eventsInvestor Relations barclays.ir@barclays.com Useful presentations Progress Update Feb 2025 Link Private Bank and Wealth Management deep dive Link Investment Banking deep dive Link UK Corporate Bank deep dive Link Investor Update Feb 2024 Link Structural hedge teach in Link Fixed Income Investor Presentation Link Sustainability Investor Presentation Link Link to the digital presentation 28th April 2026 Q126 results 28th July 2026 Q226 results