- Santander UK plc reported a **profit before tax** of **£746m** for H1 2025, a **£67m** decrease from H1 2024, primarily due to higher transformation-related charges.  **[1087711_0001087711-25-000007_san-20250630.htm:0]** **[1087711_0001087711-25-000007_san-20250630.htm:1]** 
- Despite a **4% increase in net interest income** and a **2% decrease in operating expenses**, profit was impacted by a **£44m** rise in credit impairment charges and a **75%** increase in provisions for other liabilities and charges.  **[1087711_0001087711-25-000007_san-20250630.htm:1]** **[1087711_0001087711-25-000007_san-20250630.htm:2]** 
- **Banco Santander** (parent company) agreed to acquire **100% of TSB** from Sabadell for **£2.65bn**, with completion expected in Q1 2026, subject to regulatory approvals.  **[1087711_0001087711-25-000007_san-20250630.htm:0]** **[1087711_0001087711-25-000007_san-20250630.htm:62]**  This acquisition is expected to make Santander UK the **third largest bank** in the UK by personal current account balances and **fourth in mortgages**.  **[1087711_0001087711-25-000007_san-20250630.htm:62]** 
- The company's **CET1 capital ratio** remained broadly stable at **15.0%** as of June 30, 2025.  **[1087711_0001087711-25-000007_san-20250630.htm:1]** 
- Santander UK maintains a **£287m** provision for historical motor finance commission payments, with an FCA consultation on a potential industry-wide redress scheme expected by early October 2025.  **[1087711_0001087711-25-000007_san-20250630.htm:2]** **[1087711_0001087711-25-000007_san-20250630.htm:75]**

Santander UK (SNTUF)