HONG KONG, Feb 25, 2026 (BSS/AFP) - HSBC said Wednesday that net income fell US$1.8 billion to US$21.1 billion in 2025 as the bank plowed ahead with sweeping overhauls to streamline its structure and cut costs.

Profit attributable to shareholders last year stood at $21.1 billion, from $22.9 billion the year before, the lender said in a filing to the Hong Kong stock exchange. Pre-tax profit fell US$2.4 billion to US$29.9 billion.