Barclays announces GBP 500M share buyback

C. S. Venkatakrishnan, Group Chief Executive, commented “I continue to be pleased with the ongoing momentum of Barclays (BCS)’ financial performance over the last seven quarters. We delivered RoTE of 10.6% in Q325 and 12.3% year-to-date. We are therefore upgrading our 2025 RoTE guidance to greater than 11% and reaffirming our 2026 target of greater than 12%. This is driven by a stronger outlook for stable income and an earlier than planned delivery of efficiency savings. Moreover, it comes despite an additional charge for motor finance redress. We have been robustly and consistently generating capital for our shareholders consecutively over the last nine quarters. Our tangible net asset value per share has grown to 392p, and our common equity tier 1 ratio now stands at 14.1%. Consequently, we have decided to bring forward a portion of our full-year distribution plans, with a GBP 500m share buyback announced today and we now plan to move to quarterly share buyback announcements. Our consistent and strong delivery has laid the foundations for greater performance beyond 2026, and I look forward to sharing updated targets to 2028 alongside our FY25 Results.”