Shawbrook interest income rises with "strong momentum" for 2026

(Alliance News) - Shawbrook Group PLC on Thursday reported increased underlying profit in "another year of disciplined execution".

The Essex, England-based digital banking platform reported interest income of GBP1.28 billion for 2025, up from GBP1.20 billion in 2024. Net interest income rose to GBP646.9 million from GBP590.9 million.

Pretax profit fell to GBP272.2 million from GBP295.1 million. Underlying pretax profit, however, climbed 16% to GBP340.5 million from GBP293.8 million.

Shawbrook reported total operating expenses of GBP409.9 million, up from GBP314.7 million.

Underlying basic earnings per share rose by the same amount to 47 pence from 40p. Statutory basic and diluted EPS decreased to 35p from 40p.

Shawbrook reported a CET1 ratio of 12.4%, slightly down from 13.0%. Its underlying return on tangible equity was 17.2%, down from 17.5%.

The company's loan book also increased by 16%, to GBP19.2 billion from GBP15.9 billion, which it said was driven by strong demand for its premium offering across specialist commercial and retail markets.

"2025 was another year of disciplined execution and strategic progress for Shawbrook," said Chief Executive Marcelino Castrillo. "We continued to deliver both high-quality growth and attractive risk-adjusted returns...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."

For 2026, Shawbrook reiterated its medium-term guidance. This includes eyeing a maiden ordinary dividend which would be payable in 2027, and on which it intends to "progressively build thereafter".

The guidance also includes mid-high-teens growth in underlying pretax profit, low-double-digit loan book growth, and a CET1 ratio between 13.0% and 12.0%.

"We enter 2026 with strong momentum and a clear line of sight to delivering our medium-term guidance," Castrillo commented. "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."

Shares in Shawbrook opened in the green, but were down 6.9% at 382.50 pence in London later on Thursday.

By Emma Curzon, Alliance News reporter

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