Shawbrook Group plc (‘Shawbrook’ or the ‘Group’) today announces its full year results for the year ended 31 December 2025.
Marcelino Castrillo, Chief Executive Officer, commented:
"2025 was another year of disciplined execution and strategic progress for Shawbrook. We continued to deliver both high-quality growth and attractive risk-adjusted returns, with underlying profit before tax up 16%, an underlying return on tangible equity of 17.2% and loan book growth of 16%.1
This performance demonstrates the strength and consistency of the specialist model we have built over the last 15 years. We also completed our IPO, returning Shawbrook to the public markets and the FTSE 250. During the year, we continued to allocate capital selectively into segments where risk-adjusted returns meet or exceed our hurdle rates, supported by targeted origination, disciplined underwriting and active portfolio management.
We continued to benefit from the scalability of our platform, where sustained investment in our technology and data infrastructure has enabled us to embed AI across the organisation. AI-enabled tools are supporting core activities including valuation handling, broker engagement and customer support. The knowledge and expertise of our people remain central to our decision-making, but now data and AI can sharpen, accelerate and make those decisions more consistent at scale.
We enter 2026 with strong momentum and a clear line of sight to delivering our medium-term guidance. With a scalable platform, prudent capital allocation and proven execution, we are well positioned to continue delivering high-quality growth and returns for shareholders, while supporting our customers and contributing to economic growth across the UK."
Financial highlights:
- Underlying basic EPS increased by 16% to 47 pence (FY 2024: 40 pence).
- Underlying return on tangible equity was 17.2% (FY 2024: 17.5%).
- Underlying profit before tax increased 16% to £340.5 million (FY 2024: £293.8 million).
- Underlying cost to income ratio improved to 39.0% (FY 2024: 40.8%).
- Credit quality remained resilient, with underlying cost of risk of 47bps (FY 2024: 47bps).
- Loan book grew by 16%1 to £19.2 billion (31 December 2024: £15.9 billion), driven by strong demand for our premium offering across specialist Commercial and Retail markets.
- Deposits increased 16% to £18.4 billion (31 December 2024: £15.8 billion), strengthening the funding base and supported by continued investment in technology and data, and partnerships with leading digital platforms.
- Capital resources remained strong, with a CET1 ratio of 12.4% (31 December 2024: 13.0%) and a total capital ratio of 14.8% (31 December 2024: 15.9%).
