Lloyds Banking Group plc (LLD2) — Cash Flow Reinvestment Rate

Latest as of December 2025: 2.07x

Lloyds Banking Group plc (LLD2) has a Cash Flow Reinvestment Rate of 2.07x as of December 2025, reinvesting €11.78 Billion (capex €6.32 Billion plus investments €-5.45 Billion) from operating cash flow of €5.70 Billion. See LLD2 FCF generation index to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

2.07x
(Capex + Investments) / Operating CF

Total Reinvested

€11.78 Billion
Capex + Investments

Operating Cash Flow

€5.70 Billion
EUR

Capital Expenditures

€6.32 Billion
EUR

Lloyds Banking Group plc Cash Flow Reinvestment Rate (2016–2025)

Historical reinvestment intensity for Lloyds Banking Group plc across 5 annual periods. For the full cash flow conversion analysis, see Lloyds Banking Group plc cash conversion from operations.

Annual Cash Flow Reinvestment Rate for Lloyds Banking Group plc (2016–2025)

Year-by-year capital reinvestment analysis for Lloyds Banking Group plc. See LLD2 financial flexibility score to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2025 2.07x €11.78 Billion €5.70 Billion €6.32 Billion ▼ -7.9%
2023 2.24x €15.28 Billion €6.81 Billion €5.46 Billion ▲ +94.4%
2022 1.15x €7.08 Billion €6.13 Billion €3.85 Billion ▲ +231.5%
2019 0.35x €3.54 Billion €10.17 Billion €3.44 Billion
2016 0.00x €0.00 €6.42 Billion €0.00
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow