Operator
Ladies and gentlemen, welcome to the Preliminary Results 2025 Conference Call. I’m Lorenzo, the Chorus Call operator. [Operator Instructions]
The conference is being recorded. [Operator Instructions] The conference must not be recorded for publication or broadcast.
At this time, it’s my pleasure to hand over to Mike Morgan, Group Chief Executive. Please go ahead.
Mike Morgan
Group CEO & Executive Director
Thank you, Lorenzo, and good morning, and welcome to the presentation of Close Brothers 2025 Preliminary Results. I’ll begin with an overview of the year. After that, I will hand over to Fiona McCarthy, our Group CFO, who will walk you through our financial performance, and then I’ll return to update you on our strategic priorities and wrap up the presentation. We’ll be happy to take your questions afterwards, both via the telephone conference line and over the webcast. You can submit your questions either during or after the presentation.
This year has shown that change is possible and that we can move at pace. We’ve strengthened our capital position, reshaped the portfolio and addressed legacy issues. Our performance demonstrates the resilience of our business model and the impact of these actions. We’re also encouraged by the growth opportunities across our chosen markets, which I’ll touch on shortly.
We significantly strengthened our capital position with over GBP 400 million of CET1 capital generated or preserved since March 2024. At the
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