NatWest Reports Strong 2025 Results and Plans Evelyn Partners Acquisition

NatWest Group published its financial results for 2025, highlighting increased profitability and a substantial customer base. The group also outlined its intention to expand through the acquisition of Evelyn Partners.

For the full year 2025, NatWest Group reported a pre-tax profit before distributions of £7.7 billion. The group’s total income rose to £16.6 billion in 2025, up from £14.7 billion in 2024, and the Return on Tangible Equity reached 19.2% for the year.

NatWest’s customer base expanded by approximately one million in 2025, bringing the total number of customers to over 20 million. In the third quarter of 2025, the group updated its guidance, projecting income excluding notable items of around £16.3 billion and a RoTE above 18.0% for the year.

During the fourth quarter of 2025, NatWest recorded a pre-tax profit of £1.9 billion, compared to £1.5 billion in the same period of 2024. Alongside these results, NatWest announced a £750 million share buyback programme.

What the numbers show

• 2025 pre-tax profit before distributions: £7.7 billion
• Return on Tangible Equity (RoTE) in 2025: 19.2%
• Total income for 2025: £16.6 billion, up from £14.7 billion in 2024
• Q4 2025 pre-tax profit: £1.9 billion, up from £1.5 billion in Q4 2024
• Customer base exceeded 20 million in 2025

NatWest agreed to acquire wealth management firm Evelyn Partners for £2.7 billion, with completion expected in summer 2026. The group stated that this transaction is its largest since the ABN Amro acquisition prior to the 2008 financial crisis.

According to company statements, the Evelyn Partners acquisition is expected to increase NatWest’s fee-based income by about 20% and double its assets under management. The deal is intended to strengthen NatWest’s position in wealth management services.

Following its 2025 results, NatWest provided guidance for 2026, stating its aim for further income growth and profitability. The group indicated that the strong financial performance in 2025 supports its raised ambitions for the coming year.

NatWest’s financial reporting and strategic moves reflect its ongoing efforts to expand its customer base and diversify its income sources. The group’s acquisition of Evelyn Partners and the announced share buyback are part of its broader strategy for future growth.

* This article is based on publicly available information at the time of writing.