Arbuthnot Banking Group

ARBB · AIM · Banks · mcap £131m · 800.0p

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Financials · LTM to 30 Jun 26

Source: results 21 Jul 26 ↗

Revenue: £118m
Operating profit: –
Net income: –
Free cash flow: –
Net cash: –
Market cap: £129m
EV / EBIT: –
FCF yield: –
Price / book: 0.5×

Latest half-year · H1 26 vs H1 25 results 21 Jul 26 ↗

Revenue: £57.0m
Net income: £8.1m
Cash from operations: £17.9m

Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

As reported Key figures · multi-year

Income statement Balance sheet Cash flow

Latest interim Latest annual

Unaudited results for the six months to 30/06/2026, published 21 Jul 26 · read the announcement ↗

Consolidated Statement of Comprehensive Income

	Six months ended 30 June 2026 £000	Six months ended 30 June 2025 £000
Income from banking activities
Interest income	114,750	125,213
Interest expense	(55,179)	(66,493)
Net interest income	59,571	58,720
Fee and commission income	17,325	15,161
Fee and commission expense	(558)	(582)
Net fee and commission income	16,767	14,579
Operating income from banking activities	76,338	73,299
Income from leasing activities
Revenue	56,990	57,146
Cost of goods sold	(45,106)	(45,556)
Gross profit from leasing activities	11,884	11,590
Total group operating income	88,222	84,889
Net impairment loss on financial assets	(1,834)	(1,440)
Other income	851	724
Operating expenses	(76,201)	(73,319)
Profit before income tax	11,038	10,854
Income tax expense	(2,902)	(3,916)
Profit for the period	8,136	6,938
Other comprehensive income
Items that will not be reclassified to profit or loss
Changes in fair value of equity investments at fair value through other comprehensive income	(2)	22
Tax on other comprehensive income	1	(6)
Other comprehensive income for the period, net of tax	(1)	16
Total comprehensive income for the period	8,135	6,954
Basic earnings per share	49.9	42.5
Diluted earnings per share	49.9	42.5

Consolidated Statement of Financial Position

	At 30 June 2026 £000	At 30 June 2025 £000	At 31 December 2025 £000
ASSETS
Cash and balances at central banks	522,670	768,724	437,548
Loans and advances to banks	61,097	83,573	117,497
Debt securities at amortised cost	2,037,429	1,690,403	2,033,158
Derivative financial instruments	902	2,030	1,398
Loans and advances to customers	2,155,808	2,019,258	1,960,542
Current tax asset	1,041	-	1,619
Other assets	48,868	51,690	50,247
Financial investments	2,071	4,975	2,061
Intangible assets	34,447	30,887	33,448
Property, plant and equipment	314,759	324,135	310,569
Right-of-use assets	43,759	45,688	44,501
Investment properties	5,250	5,250	5,250
Total assets	5,228,101	5,026,613	4,997,838
EQUITY AND LIABILITIES
Equity attributable to owners of the parent
Share capital	167	167	167
Share premium account	11,606	11,606	11,606
Retained earnings	268,815	256,779	265,738
Other reserves	(1,114)	624	(1,113)
Total equity	279,474	269,176	276,398
LIABILITIES
Deposits from banks	21,094	196,965	1,389
Deposits from customers	4,775,439	4,418,019	4,570,365
Current tax liability	-	1,641	-
Other liabilities	46,052	40,755	42,489
Deferred tax liability	9,721	5,501	10,258
Lease liabilities	57,795	56,164	58,267
Debt securities in issue	38,526	38,392	38,672
Total liabilities	4,948,627	4,757,437	4,721,440
Total equity and liabilities	5,228,101	5,026,613	4,997,838

Consolidated Statement of Cash Flows

	Six months ended 30 June 2026 £000	Six months ended 30 June 2025 £000
Cash flows from operating activities
Profit before tax	11,038	10,854
Adjustments for
- Depreciation and amortisation	5,021	5,384
- Impairment loss on loans and advances	696	770
- Net interest income	25	(32)
- Elimination of exchange differences on debt securities	(5,206)	(388)
- Other non-cash or non-operating items included in profit before tax	(6)	(105)
- Tax paid	(2,859)	(5,452)
Cash flows from operating profits before changes in operating assets and liabilities	8,709	11,031
Changes in operating assets and liabilities
- net decrease in derivative financial instruments	496	940
- net (increase)/decrease in loans and advances to customers	(195,962)	74,184
- net increase in assets held for leasing	(5,334)	(11,377)
- net decrease in other operating assets	1,379	11
- net increase in amounts due to customers	205,074	285,526
- net increase in other operating liabilities	3,562	6,908
Net cash inflow from operating activities	17,924	367,223
Cash flows from investing activities
Acquisition of financial investments	(12)	(7)
Purchase of computer software	(2,587)	(1,642)
Purchase of property, plant and equipment	(480)	(1,528)
Purchases of debt securities	(1,768,013)	(1,411,513)
Proceeds from redemption of debt securities	1,768,783	920,957
Net cash outflow from investing activities	(2,309)	(493,733)
Cash flows from financing activities
Increase in borrowings	19,705	4,884
Repayment of principal portions of lease liabilities	(1,539)	(201)
Dividends paid	(5,059)	(4,734)
Net cash used in financing activities	13,107	(51)
Net increase/(decrease) in cash and cash equivalents	28,722	(126,561)
Cash and cash equivalents at 1 January	555,045	978,858
Cash and cash equivalents at 30 June	583,767	852,297

Audited Final Results for the year to 31/12/2025, published 26 Mar 26 · read the announcement ↗

Summarised Income Statement | £000 | £000

	Current	Prior
Net interest income	98,673	97,410
Net fee and commission income	5,107	3,799
Operating income	103,780	101,209
Operating expenses - direct costs	(22,074)	(19,614)
Operating expenses - indirect costs	(51,905)	(47,901)
Impairment losses - loans and advances to customers	(1,275)	(5,571)
Profit before tax	28,526	28,123
Wealth Management
	2025	2024
Summarised Income Statement	£000	£000
Net interest income	674	-
Net fee and commission income	16,498	13,665
Operating income	17,172	13,665
Operating expenses - direct costs	(11,744)	(11,368)
Operating expenses - indirect costs	(8,441)	(7,190)
Loss before tax	(3,013)	(4,893)
RAF
	2025	2024
Summarised Income Statement	£000	£000
Net interest income	15,638	12,872
Net fee and commission income	92	239
Operating income	15,730	13,111
Operating expenses - direct costs	(7,612)	(6,981)
Impairment losses - loans and advances	(922)	(554)
Profit before tax	7,196	5,576
ACABL
	2025	2024
Summarised Income Statement	£000	£000
Net interest income	8,920	10,043
Net fee and commission income	7,182	9,922
Operating income	16,102	19,965
Operating expenses - direct costs	(7,241)	(7,993)
Impairment losses - loans and advances to customers	(3)	(32)
Profit before tax	8,858	11,940
ACABL recorded a profit before tax of £8.9m (2024: £11.9m).
AAG
	2025	2024
Summarised Income Statement	£000	£000
Net interest expense	(7,108)	(10,208)
Net fee and commission expense	425	(15)
Revenue	118,569	110,832
Cost of goods sold	(97,466)	(85,301)
Operating income	14,420	15,308
Other income	-	88
Operating expenses - direct costs	(16,758)	(15,308)
Impairment losses - loans and advances to customers	86	(60)
Profit / (loss) before tax	(2,252)	28
Other Divisions
	2025	2024
Summarised Income Statement	£000	£000
Net interest income	1,325	15,755
Net fee and commission income	941	503
Operating income	2,266	16,258
Other income	5,536	2,473
Operating expenses - direct costs	(10,598)	(12,948)
Impairment losses - loans and advances to customers	(387)	(58)
Profit / (loss) before tax	(3,183)	5,725
Operating expenses reduced £2.5m.
Group Centre
	2025	2024
Summarised Income Statement	£000	£000
Net interest income	3,755	4,174
Subordinated loan stock interest	(3,751)	(4,179)
Operating income	4	(5)
Other income	-	39
Operating expenses	(11,952)	(11,443)
Loss before tax	(11,948)	(11,409)

Company statement of financial position

	2025 £000	2024 £000
At 31 December
ASSETS
Loans and advances to banks	4,760	920
Debt securities at amortised cost	38,781	38,103
Deferred tax assets	486	515
Property, plant and equipment	194	221
Other assets	1,739	3,355
Interests in subsidiaries	164,354	164,354
Total assets	210,314	207,468
EQUITY AND LIABILITIES
Equity
Share capital	167	167
Share premium account	11,606	11,606
Other reserves	(1,280)	(1,280)
Retained earnings*	150,006	149,238
Total equity	160,499	159,731
LIABILITIES
Current tax liability	5,391	4,288
Other liabilities	5,752	5,467
Debt securities in issue	38,672	37,982
Total liabilities	49,815	47,737
Total equity and liabilities	210,314	207,468

Consolidated statement of cash flows

	Year ended 31 December 2025 £000	Year ended 31 December 2024 £000
Cash flows from operating activities
Profit before tax	24,184	35,090
Adjustments for
- Depreciation and amortisation	10,843	11,834
- Impairment loss on loans and advances	1,576	4,782
- Net interest expense	3,205	598
- Elimination of exchange differences on debt securities	11,349	(3,157)
- Other non-cash or non-operating items included in profit before tax	31	(79)
- Tax paid	(6,377)	(6,976)
Cash flows from operating profits before changes in operating assets and liabilities	44,811	42,092
Changes in operating assets and liabilities
- net decrease in derivative financial instruments	1,572	212
- net decrease/(increase) in loans and advances to customers	132,094	(34,777)
- net decrease/(increase) in assets held for leasing	626	(18,362)
- net decrease in other assets	1,454	9,430
- net increase in amounts due to customers	437,872	372,926
- net increase/(decrease) in other liabilities	7,105	(2,362)
Net cash inflow from operating activities	625,534	369,159
Cash flows from investing activities
Acquisition of financial investments	(131)	(215)
Disposal of financial investments	2,958	84
Purchase of intangible assets	(6,425)	(4,739)
Purchase of property, plant and equipment	(1,102)	(23,204)
Proceeds from sale of property, plant and equipment	-	53
Purchase of debt securities	(3,273,055)	(1,621,196)
Proceeds from redemption of debt securities	2,428,998	1,366,350
Dividends received	18	-
Net cash outflow from investing activities	(848,739)	(282,867)
Cash flows from financing activities
Decrease in borrowings	(191,522)	(238)
Repayment of principal portions of lease liabilities	(762)	(2,202)
Dividends paid	(8,324)	(10,934)
Net cash outflow from financing activities	(200,608)	(13,374)
Net (decrease)/increase in cash and cash equivalents	(423,813)	72,918
Cash and cash equivalents at 1 January	978,858	905,940
Cash and cash equivalents at 31 December	555,045	978,858
Company statement of cash flows
Year ended 31 December Year ended 31 December
	2025	2024
Note	£000	£000
Cash flows from operating activities
Profit before tax	13,346	16,260
Adjustments for
- Depreciation and amortisation	30	27
- Net interest (income)	-	(1)
- Other non-cash or non-operating items included in profit before tax	(13)	(25)
- Tax paid	(3,101)	(2,826)
Cash flows from operating profits before changes in operating assets and liabilities	10,262	13,435
Changes in operating assets and liabilities
- net decrease/(increase) in group company balances	1,612	(1,889)
- net decrease/(increase) in other assets	4	(12)
- net increase/(decrease) in other liabilities	285	(493)
Net cash inflow from operating activities	12,163	11,041
Cash flows from investing activities
Issue of subordinated debt to Arbuthnot Latham	-	(545)
Disposal of property, plant and equipment	-	39
Purchase of property, plant and equipment	-	(118)
Net cash outflow from investing activities	-	(624)
Cash flows from financing activities
Issue subordinated debt	-	814
Dividends paid	(8,323)	(10,934)
Net cash (outflow)/inflow from financing activities	(8,323)	(10,120)
Net increase in cash and cash equivalents	3,840	297
Cash and cash equivalents at 1 January	920	623
Cash and cash equivalents at 31 December	4,760	920

As published in the company's results announcement: every line, heading and subtotal, read automatically from the text. Figures in brackets are negative; units as stated in the column headings.

Income statement Cash flow Balance sheet

Annual Half-yearly

Latest report: H1 26 (six months to 30 Jun 26), published 21 Jul 26 · read the results ↗

£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source

	LTM Jun 26	FY 25	FY 24
Insurance and banking
Net interest margin	–	4.7%	5.1%
Revenue to operating profit
Revenue	118.4	118.6	110.8
Operating profit to net income
Profit before tax	24.4	24.2	35.1
Tax	(5.4)	(6.4)	(10.2)
Per share
EPS basic	116.5p	109.1p	152.3p
Dividend per share	55.0p	53.0p	69.0p

	H1 26	vs H1 25	H2 25	H1 25
Insurance and banking
Net interest income	59.6	+1%	–	58.7
Credit impairment	(1.8)	+27%	–	(1.4)
Revenue to operating profit
Revenue	57.0	0%	61.4	57.1
Gross profit	11.9	+3%	–	11.6
Operating profit to net income
Profit before tax	11.0	+2%	13.3	10.9
Tax	(2.9)	−26%	(2.5)	(3.9)
Net income (owners)	8.1	+17%	–	6.9
Per share
EPS basic	49.9p	–	66.6p	42.5p
EPS diluted	49.9p	–	–	42.5p
Dividend per share	24.0p	–	31.0p	22.0p

	LTM Jun 26	FY 25	FY 24
Operating activities
Cash from operations	276.2	625.5	369.2
Tax paid	(3.8)	(6.4)	(7.0)
Investing activities
Capex (PP&E)	(0.1)	(1.1)	(23.2)
Capex (intangibles)	(7.4)	(6.4)	(4.7)
Financing activities
Lease principal paid	(2.1)	(0.8)	(2.2)
Dividends paid	(8.6)	(8.3)	(10.9)

	H1 26	vs H1 25	H2 25	H1 25
Operating activities
Cash from operations	17.9	−95%	258.3	367.2
Tax paid	(2.9)	−48%	(0.9)	(5.5)
Investing activities
Capex (PP&E)	(0.5)	−69%	0.4	(1.5)
Capex (intangibles)	(2.6)	+58%	(4.8)	(1.6)
Financing activities
Lease principal paid	(1.5)	n/m	(0.6)	(0.2)
Dividends paid	(5.1)	+7%	(3.6)	(4.7)

	Latest Jun 26	FY 25	FY 24
Insurance and banking
CET1 ratio	12.0%	13.3%	13.2%
Loans to customers	2,155.8	1,960.5	–
Customer deposits	4,775.4	4,570.4	4,130.0
Non-current assets
Property, plant & equipment	314.8	310.6	–
Investment property	5.2	5.2	5.3
Other investments	2.1	2.1	–
Current assets
Cash	522.7	437.5	978.9
Total assets	5,228.1	4,997.8	4,729.2
Non-current liabilities
Borrowings, non-current	38.5	38.7	–
Lease liabilities, non-current	57.8	58.3	–
Total liabilities	4,948.6	4,721.4	4,462.3
Equity
Total equity	279.5	276.4	267.0

	H1 26	H2 25	H1 25	H2 24
Insurance and banking
CET1 ratio	12.0%	13.3%	12.7%	13.2%
Loans to customers	2,155.8	1,960.5	2,019.3	–
Customer deposits	4,775.4	4,570.4	4,418.0	4,130.0
Non-current assets
Property, plant & equipment	314.8	310.6	324.1	–
Investment property	5.2	5.2	5.2	5.3
Other investments	2.1	2.1	5.0	–
Current assets
Cash	522.7	437.5	768.7	978.9
Total assets	5,228.1	4,997.8	5,026.6	4,729.2
Non-current liabilities
Borrowings, non-current	38.5	38.7	38.4	–
Lease liabilities, non-current	57.8	58.3	56.2	–
Total liabilities	4,948.6	4,721.4	4,757.4	4,462.3
Equity
Total equity	279.5	276.4	269.2	267.0

Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.

Company filings. Not investment advice.