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Financial statements

Santander UK plc financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Santander UK plc files with the SEC in its annual reports.

In GBP millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue4,7954,9124,5344,0353,8524,4994,9565,0964,6574,729
Pre-tax income1,9171,8171,5451,0126051,8881,8742,1001,3491,482
Income tax598515399268121492480559378396
Income from continuing operations7034391,3531,3941,541
Net income to minority interests27212219191900
Net income1,2921,2811,1247144521,3651,3941,5419711,086

Balance sheet

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents27,87146,69746,71542,87136,78129,18128,738
Property, plant and equipment1,4911,5981,8321,9671,7341,5481,513
Lease right-of-use assets152100
Goodwill1,2031,2031,2031,2031,2031,2031,1991,1991,1991,199
Intangible assets482539605563443342351349340312
Total assets302,511314,765283,372281,702292,332287,098285,213275,448259,944266,837
Total liabilities287,058298,560267,463265,685276,396270,996270,806260,825246,171251,689
Paid-in capital5,6205,6205,6205,6205,6205,6205,6205,6205,6201,119
Retained earnings4,2554,7324,7444,5464,3485,0534,8484,2953,5218,878
Shareholders' equity15,30316,05315,75815,85715,77416,10214,407
Minority interests1501521511601620
Total equity15,45316,20515,90916,01715,93616,10214,40714,62313,77315,148
Total liabilities and equity302,511314,765283,372281,702292,332287,098285,213275,448259,944266,837

Cash flow statement

FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income1,3191,3021,1467334711,3841,3941,5419711,086
Cash from operations18,00523,976-15,4054,03018,91810,251-3,992-3,304-3,331-8,798
Cash from investing-7,340816-3,6822,8906,6363,077-198-2,747-4,5402,957
Dividends paid-419-829-1,139-315-129-1,358
Cash from financing-6,388-7,6372,730-4,180-6,773-10,753277192855,410
Exchange rate effect1,077-634160-5345-1869-58-14-12
Interest paid2,5381,8571,0642,0896,3268,0336,899
Income taxes paid50748439129215942740553724046

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Pre-tax margin31.3%Pre-tax income / revenue.
Net margin23.0%Net income / revenue.
Operating cash flow margin-186.0%Cash from operations / revenue.
Effective tax rate26.7%Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)0.4%Net income / average total assets.

Growth

MetricValueHow it is calculated
Revenue growth, 1y1.5%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-1.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y4.2%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y11.8%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y-8.0%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y19.2%Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y2.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-2.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-1.8%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets94.3%Total liabilities / total assets.
Goodwill and intangibles / assets0.6%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.02xRevenue / average total assets.
What was Santander UK plc's revenue in fiscal 2025?

Santander UK plc reported revenue of £4.73B for fiscal 2025, 1.5% higher than the year before.

Was Santander UK plc profitable in fiscal 2025?

Yes. Net income was £1.09B, a net margin of 23%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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