Shawbrook Group (SHAW) Trading Update summary

Financial performance and growth

• Loan book grew 14% annualised to £17.0 billion, with originations up 16% to £2.7 billion.

• Deposit book increased 11% annualised to £16.7 billion, with deposit cost reduced to 4.02%.

• Underlying profit before tax rose to £168.6 million, and return on tangible equity reached 18.3%.

• Cost of risk improved to 42bps, and cost-to-income ratio reduced to 40.0%.

• CET1 ratio stood at 13.1%, leverage ratio at 8.0%, and tangible net asset value at £1.4 billion.

Operational and strategic highlights

• Strong demand for specialist lending, with record pipelines across asset classes.

• Continued investment in digital capabilities and AI enhances customer experience.

• Successful roll-out of proprietary digital savings platform for retail customers.

• Deposit franchise underpins funding strategy, leveraging data and insights.

• Disciplined risk management and resilient balance sheet support growth strategy.

Cost and efficiency developments

• Administrative expenses stable when excluding post-acquisition and one-off costs.

• Underlying cost to income and cost:APE efficiency ratios both improved.

• Risk-weighted assets at £10.6 billion as of 30 June 2025.