Close Brothers Group

CBG · Main Market · Banks · mcap £581m · 385.4p

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Financials · balance sheet 31 Jul 26 · last twelve months · today’s market value

Source: results 29 Sep 26 ↗

Key figures Cash & debt Profit & cash flow Valuation Returns & quality Latest half-year

Market cap: £580.1m
Owner’s net cash: £1,389m
Net cash / market cap: 239%
Revenue: £651.0m
Operating profit: −£60.3m
Price / tangible book: 0.39×
Net income (owners): −£85.7m

Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.

Key figures As reported

Income statement Balance sheet Cash flow

Annual Half-yearly

Standardised line items in £m, comparable across companies; when a later report restated a period, the later figure is shown and marked ^r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.

Latest report: FY Jul 26 (twelve months to 31 Jul 26), published 29 Sep 26 · read the results ↗

Source ↗

	2026 £ million	2025 £ million
Interest income	1,002.7	1,111.7
Interest expense	(464.2)	(542.9)
Net interest income	538.5	568.8
Fee and commission income	94.4	103.5
Fee and commission expense	(17.1)	(16.7)
Other income	101.3	118.5
Depreciation of operating lease assets and other direct costs	(66.1)	(84.6)
Impairment of operating lease assets	-	(30.0)
Non-interest income	112.5	90.7
Operating income	651.0	659.5
Provision in relation to motor finance commissions	(164.7)	(165.0)
Other motor finance commissions related costs, net of insurance recoveries	3.0	(18.7)
Provision in relation to early settlements in Motor Finance	-	(33.0)
Restructuring costs	(14.3)	(2.3)
Other administrative expenses	(443.5)	(470.1)
Total administrative expenses	(619.5)	(689.1)
Impairment losses on financial assets	(91.8)	(92.8)
Total operating expenses	(711.3)	(781.9)
Operating loss before tax	(60.3)	(122.4)
Tax	(5.1)	(4.7)
Loss after tax from continuing operations	(65.4)	(127.1)
Profit from discontinued operations, net of tax	2.0	49.2
Loss after tax	(63.4)	(77.9)
Attributable to
Shareholders	(85.7)	(100.2)
Other equity owners	22.3	22.3
Total attributable to	(63.4)	(77.9)
From continuing operations
Basic earnings per share	(58.5) p	(99.8)p
Diluted earnings per share	(58.5) p	(99.8)p
From continuing and discontinued operations
Basic earnings per share	(57.1) p	(66.9)p
Diluted earnings per share	(57.1) p	(66.9)p
Interim dividend per share	-	-
Final dividend per share	-	-

Source ↗

	2026 £ million	2025 £ million
Assets
Cash and balances at central banks	1,190.7	1,917.0
Loans and advances to banks	224.6	161.7
Loans and advances to customers	9,463.2	9,459.4
Debt securities	571.1	859.2
Derivative financial instruments	93.3	103.1
Intangible assets	155.0	166.3
Property, plant and equipment	165.4	209.4
Current tax assets	55.6	44.2
Deferred tax assets	27.9	31.0
Prepayments, accrued income and other assets	111.6	186.6
Assets classified as held for sale	-	934.0
Total assets	12,058.4	14,071.9
Liabilities
Deposits by banks	20.3	88.1
Deposits by customers	7,876.2	8,799.3
Loans and overdrafts from banks	0.9	1.5
Debt securities in issue	1,636.0	1,991.3
Derivative financial instruments	90.0	104.7
Provisions for liabilities and charges	364.4	210.3
Accruals, deferred income and other liabilities	169.2	172.3
Subordinated loan capital	249.8	195.5
Liabilities directly associated with assets classified as held for sale	-	773.4
Total liabilities	10,406.8	12,336.4
Equity
Called up share capital	38.0	38.0
Retained earnings	1,445.1	1,532.3
Other equity instrument	197.6	197.6
Other reserves	(29.1)	(32.4)
Total shareholders' and other equity owners' equity	1,651.6	1,735.5
Total equity	1,651.6	1,735.5
Total equity and liabilities	12,058.4	14,071.9

Source ↗

	2026 £ million	2025 £ million
Net cash (outflow)/inflow from operating activities 15(a)	(804.7)	241.2
Net cash inflow/(outflow) from investing activities
Purchase of
Property, plant and equipment	(2.9)	(5.3)
Intangible assets - software	(25.7)	(24.5)
Subsidiaries, net of cash acquired 15(b)	-	(0.5)
Sale of
Equity shares held for investment	-	1.8
Subsidiaries, net of cash disposed 15(c)	122.5	104.0
Total sale of	93.9	75.5
Net cash (outflow)/inflow before financing activities	(710.8)	316.7
Financing activities
Purchase of own shares for employee share award schemes	-	(1.6)
Interest paid on subordinated loan capital and debt financing	(23.1)	(23.4)
Issuance of subordinated loan capital	248.9	-
Redemption of subordinated loan capital	(198.4)	-
Payment of lease liabilities	(7.2)	(12.1)
AT1 coupon payment	(22.3)	(22.3)
Net (decrease)/increase in cash	(712.9)	257.3
Cash and cash equivalents at beginning of year	2,101.8	1,844.5
Cash and cash equivalents at end of year 15(d)	1,388.9	2,101.8
Cash and cash equivalents per the balance sheet	1,388.9	2,046.8
Cash and cash equivalents within the assets of the disposal group classified as held for sale	-	55.0
	1,388.9	2,101.8

Source ↗

	Six months ended 31 January 2026 Unaudited £ million	Six months ended 31 January 2025 1 Unaudited £ million	Year ended 31 July 2025 Audited £ million
Interest income	521.6	574.2	1,111.7
Interest expense	(247.2)	(280.6)	(542.9)
Net interest income	274.4	293.6	568.8
Fee and commission income	46.9	49.6	103.5
Fee and commission expense	(7.6)	(8.7)	(16.7)
Other income	56.0	62.9	118.5
Depreciation of operating lease assets and other direct costs	(35.9)	(42.0)	(84.6)
Impairment of operating lease assets	-	-	(30.0)
Non-interest income	59.4	61.8	90.7
Operating income	333.8	355.4	659.5
Provision in relation to motor finance commissions	(135.0)	(165.0)	(165.0)
Complaints handling and other operational and legal costs incurred in relation to motor finance commissions	5.3	(8.4)	(18.7)
Provision in relation to early settlements in Motor Finance	-	-	(33.0)
Other administrative expenses	(230.1)	(236.1)	(472.4)
Total administrative expenses	(359.8)	(409.5)	(689.1)
Impairment losses on financial assets	(39.5)	(48.1)	(92.8)
Total operating expenses	(399.3)	(457.6)	(781.9)
Operating loss before tax	(65.5)	(102.2)	(122.4)
Tax	0.3	(9.2)	(4.7)
Loss after tax from continuing operations	(65.2)	(111.4)	(127.1)
Profit/(loss) from discontinued operations, net of tax	0.8	(0.4)	49.2
Loss after tax	(64.4)	(111.8)	(77.9)
Attributable to
Shareholders	(75.5)	(122.9)	(100.2)
Other equity owners	11.1	11.1	22.3
Total attributable to	(64.4)	(111.8)	(77.9)
From continuing operations
Basic earnings per share	(51.0)p	(81.8)p	(99.8)p
Diluted earnings per share	(51.0)p	(81.8)p	(99.8)p
From continuing and discontinued operations
Basic earnings per share	(50.5)p	(82.1)p	(66.9)p
Diluted earnings per share	(50.5)p	(82.1)p	(66.9)p
Interim dividend per share	-	-	-
Final dividend per share	-	-	-

Source ↗

	January 2026 Unaudited £ million	July 2025 Audited £ million
Assets
Cash and balances at central banks	1,386.8	1,917.0
Loans and advances to banks	137.4	161.7
Loans and advances to customers	9,241.3	9,459.4
Debt securities	833.5	859.2
Derivative financial instruments	107.2	103.1
Intangible assets	163.0	166.3
Property, plant and equipment	198.0	209.4
Current tax assets	50.2	44.2
Deferred tax assets	32.8	31.0
Prepayments, accrued income and other assets	133.4	186.6
Assets classified as held for sale	-	934.0
Total assets	12,283.6	14,071.9
Liabilities
Deposits by banks	26.6	88.1
Deposits by customers	7,874.0	8,799.3
Loans and overdrafts from banks	6.4	1.5
Debt securities in issue	1,938.6	1,991.3
Derivative financial instruments	83.6	104.7
Provisions for liabilities and charges	340.7	210.3
Accruals, deferred income and other liabilities	151.7	172.3
Subordinated loan capital	199.2	195.5
Liabilities directly associated with assets classified as held for sale	-	773.4
Total liabilities	10,620.8	12,336.4
Equity
Called up share capital	38.0	38.0
Retained earnings	1,457.2	1,532.3
Other equity instrument	197.6	197.6
Other reserves	(30.0)	(32.4)
Total shareholders' and other equity owners' equity	1,662.8	1,735.5
Total equity	1,662.8	1,735.5
Total equity and liabilities	12,283.6	14,071.9

Source ↗

	Six months ended 31 January 2026 Unaudited £ million	Six months ended 31 January 2025 Unaudited £ million	Year ended 31 July 2025 Audited £ million
Net cash (outflow)/inflow from operating activities 15(a)	(677.4)	346.0	241.2
Net cash inflow/(outflow) from investing activities
Purchase of
Property, plant and equipment	(2.3)	(1.9)	(5.3)
Intangible assets - software	(15.2)	(13.3)	(24.5)
Subsidiaries, net of cash acquired 15(b)	-	(0.5)	(0.5)
Sale of
Equity shares held for investment	-	-	1.8
Subsidiaries, net of cash disposed 15(c)	122.4	-	104.0
Total sale of	104.9	(15.7)	75.5
Net cash (outflow)/inflow before financing activities	(572.5)	330.3	316.7
Financing activities
Purchase of own shares for employee share award schemes	-	-	(1.6)
Interest paid on subordinated loan capital and debt financing	(11.7)	(11.7)	(23.4)
Payment of lease liabilities	(3.2)	(7.4)	(12.1)
AT1 coupon payment	(11.1)	(11.1)	(22.3)
Net (decrease)/increase in cash	(598.5)	300.1	257.3
Cash and cash equivalents at beginning of period	2,101.8	1,844.5	1,844.5
Cash and cash equivalents at end of period 15(d)	1,503.3	2,144.6	2,101.8
Cash and cash equivalents per the balance sheet	1,503.3	2,102.2	2,046.8
Cash and cash equivalents within the assets of the disposal group classified as held for sale	-	42.4	55.0
	1,503.3	2,144.6	2,101.8

	FY Jul 26	FY Jul 25
Revenue to operating profit
Revenue	651.0	659.5
Adjusted operating profit	120.3	144.3
Operating profit	(60.3)	(122.4)
Operating profit to net income
Finance costs	–	(542.9)
Profit before tax	(60.3)	(122.4)
Tax	(5.1)	(4.7)
Net income (owners)	(85.7)	(100.2)
Discontinued operations	2.0	49.2
Per share
EPS basic	(57.1p)	(66.9p)
EPS diluted	(57.1p)	(66.9p)
Dividend per share	0.0p	0.0p

	H2 Jul 26	H1 Jan 26	H2 Jul 25	H1 Jan 25
Revenue to operating profit
Revenue	317.2	333.8	304.1	355.4
Adjusted operating profit	55.1	65.2	63.8	80.5
Operating profit	5.2	(65.5)	(20.2)	(102.2)
Operating profit to net income
Finance costs	–	(247.2)	(262.3)	(280.6)
Profit before tax	5.2	(65.5)	(20.2)	(102.2)
Tax	(5.4)	0.3	4.5	(9.2)
Net income (owners)	(10.2)	(75.5)	22.7	(122.9)
Discontinued operations	1.2	0.8	49.6	(0.4)
Per share
EPS basic	(6.6p)	(50.5p)	15.2p	(82.1p)
EPS diluted	(6.6p)	(50.5p)	15.2p	(82.1p)

	FY Jul 26	FY Jul 25
Operating activities
Cash from operations	(804.7)	241.2
Interest paid	(23.1)	(23.4)
Investing activities
Capex (PP&E)	(2.9)	(5.3)
Capex (intangibles)	(25.7)	(24.5)
Financing activities
Lease principal paid	(7.2)	(12.1)
Share buybacks	0.0	(1.6)

	H2 Jul 26	H1 Jan 26	H2 Jul 25	H1 Jan 25
Operating activities
Cash from operations	(127.3)	(677.4)	(104.8)	346.0
Investing activities
Capex (PP&E)	(0.6)	(2.3)	(3.4)	(1.9)
Capex (intangibles)	(10.5)	(15.2)	(11.2)	(13.3)
Financing activities
Lease principal paid	(4.0)	(3.2)	(4.7)	(7.4)
Share buybacks	0.0	0.0	(1.6)	0.0

	31 Jul 26	31 Jul 25
Non-current assets
Other intangibles	155.0	166.3
Property, plant & equipment	165.4	209.4
Current assets
Cash	1,388.9	2,046.8^r
Total assets	12,058.4	14,071.9
Non-current liabilities
Total liabilities	10,406.8	12,336.4
Equity
Total equity	1,651.6	1,735.5

	31 Jul 26	31 Jan 26	31 Jul 25
Non-current assets
Other intangibles	155.0	163.0	166.3
Property, plant & equipment	165.4	198.0	209.4
Current assets
Cash	1,388.9	1,386.8	2,046.8^r
Total assets	12,058.4	12,283.6	14,071.9
Non-current liabilities
Total liabilities	10,406.8	10,620.8	12,336.4
Equity
Total equity	1,651.6	1,662.8	1,735.5

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Company filings. Not investment advice.