LSEG (Refinitiv Data & Analytics)

Shawbrook Group Plc – Full Year 2025 Results Presentation

Shawbrook Group plc presented its full‑year 2025 results, marking the first earnings release since its IPO and inclusion in the FTSE 250. CEO Marcelino Castrio highlighted the firm’s disciplined execution, emphasizing strong returns, high‑quality growth and a model designed to perform across economic cycles. The bank delivered a 16% rise in underlying profit before tax to £340.5 million and an underlying return on tangible equity of 17.2%, both in line with medium‑term guidance. Net loan assets expanded 16% organically to £19.2 billion, delivering a 19% compound annual growth rate since 2017. Efficiency improved as the cost‑to‑income ratio fell to 39% and the core cost base remained flat, while credit quality held steady with a cost of risk at 47 basis points and a CET1 ratio of 12.4%. Castrio noted, “We deliver high returns by generating high‑quality growth,” underscoring the role of recent acquisitions—Thin Cats and JBR—and two originate‑to‑distribute mortgage trades that added £0.9 billion of assets and a £35 million gain on sale. The retail deposit franchise grew 16% to £18.4 billion, funding 91% of the balance sheet and supporting a stable liquidity position with a LCR of 147% and NSFR of 125%. The results signal that Shawbrook’s specialist underwriting and digital‑enabled platform can sustain growth and profitability even amid geopolitical uncertainty and volatile interest rates. The resilient balance sheet, strong capital ratios and disciplined capital allocation suggest the bank is well‑positioned to pursue further organic expansion and selective acquisitions, reinforcing its appeal to investors seeking stable, high‑return banking exposure.