$LU

Lufax Holding Ltd

CIK:0001816007|SEC Filings

Consolidated Statements of Comprehensive Income - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Line Items]
Technology platform-based income	¥ 5,588,107	¥ 8,161,022	¥ 15,318,744
Net interest income	13,194,380	12,311,328	13,112,128
Guarantee income	5,495,800	3,579,672	4,392,376
Other income	1,194,559	1,507,897	1,390,902
Investment income/(loss)	1,654,764	(1,045,820)	79,976
Share of net loss of investments accounted for using the equity method	0	(691)	(5,416)
Total income	27,127,610	24,513,408	34,288,710
Total expenses
Sales and marketing expenses	(4,035,625)	(5,406,371)	(9,888,675)
General and administrative expenses	(1,922,484)	(2,023,650)	(2,350,043)
Operation and servicing expenses	(3,837,209)	(5,034,010)	(6,192,537)
Technology and analytics expenses	(990,848)	(1,177,697)	(1,405,800)
Credit impairment losses	(16,558,416)	(12,612,907)	(12,695,662)
Asset impairment losses	(28,306)	0	(31,246)
Finance costs	(258,338)	(84,819)	(349,240)
Other gain/(loss) - net	(74,130)	(252,639)	212,958
Total expenses	(27,705,356)	(26,592,093)	(32,700,245)
Profit/(loss) before income tax expense	(577,746)	(2,078,685)	1,588,465
Less: Income tax expense	(1,133,865)	(1,524,830)	(635,367)
Net profit/(loss) for the year	(1,711,611)	(3,603,515)	953,098
Net profit/(loss) attributable to:
Owners of the Company	(2,097,678)	(3,870,620)	809,624
Non-controlling interests	386,067	267,105	143,474
Net profit/(loss) for the year	(1,711,611)	(3,603,515)	953,098
Items that may be reclassified to profit or loss in subsequent periods
-Exchange differences on translation of foreign operations	28,413	(28,584)	(54,409)
-Changes in the fair value of financial assets at fair value through other comprehensive income	7,931	(1,058)	0
Items that will not be reclassified to profit or loss in subsequent periods
-Exchange differences on translation of foreign operations to the presentation currency	122,205	(90,199)	(410,572)
Other comprehensive income	158,549	(119,841)	(464,981)
Total comprehensive income/(loss) for the year	(1,553,062)	(3,723,356)	488,117
Total comprehensive income/(loss) attributable to:
Owners of the Company	(1,938,919)	(3,990,276)	344,034
Non-controlling interests	385,857	266,920	144,083
Total comprehensive income/(loss) for the year	¥ (1,553,062)	¥ (3,723,356)	¥ 488,117
Earnings per share (expressed in RMB per share)
- Basic earnings/(loss) per ADS	¥ (2.42)	¥ (5.54)	¥ 1.42
- Diluted earnings/(loss) per ADS	(2.42)	(5.54)	1.42
Ordinary shares [member]
Earnings per share (expressed in RMB per share)
- Basic earnings/(loss) per share	(1.21)	(2.77)	0.71
- Diluted earnings/(loss) per share	¥ (1.21)	¥ (2.77)	¥ 0.71

Consolidated Statements of Cash Flows - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Cash generated from operating activities	¥ 14,271,030	¥ 4,155,000	¥ 15,473,652
Income tax paid	(1,797,981)	(2,338,229)	(2,753,240)
Net cash generated from operating activities	12,473,049	1,816,771	12,720,412
Cash flows from investing activities
Proceeds from sale of investment assets	66,530,478	63,241,901	67,272,800
Proceeds from sale of property and equipment	199	9,664	8,464
Net cash used in acquisition of subsidiaries	(3,250)	(697,426)	0
Interest received on investment assets	1,200,808	852,631	825,725
Payment for acquisition of investment assets	(84,159,027)	(60,664,549)	(71,550,315)
Payment for property and equipment and other long-term assets	(36,699)	(72,565)	(51,279)
Net cash inflow/(outflow) from disposal of subsidiaries	466	(641)	25,075
Net cash generated from/(used in) investing activities	(16,467,025)	2,669,015	(3,469,530)
Cash flows from financing activities
Proceeds from exercise of share-based payment	129	2,172	252
Proceeds from borrowings	14,009,400	9,041,818	14,618,467
Repayment of borrowings	(9,957,559)	(14,226,298)	(17,920,237)
Payment for early redemption and extension of convertible promissory notes payable	0	0	(3,642,931)
Repayment of optionally convertible promissory notes payable	0	0	(8,342,096)
Repayment of bonds payable	0	0	(2,163,195)
Payment for lease liabilities	(206,364)	(289,615)	(486,942)
Payment for interest expenses	(528,166)	(677,316)	(1,531,239)
Payment for dividend declared	0	(5,132,615)	(1,435,461)
Payment for acquisition of non-controlling interests of subsidiary	0	0	(199,200)
Refund of cash reserved for repurchase of ordinary shares	0	0	854,624
Net cash used in financing activities	3,317,440	(11,281,854)	(20,247,958)
Effect of exchange rate changes on cash and cash equivalents	(32,826)	17,278	(20,353)
Net increase/(decrease) in cash and cash equivalents	(709,362)	(6,778,790)	(11,017,429)
Add: Cash and cash equivalents at the beginning of the year	11,798,435	18,577,225	29,594,654
Cash and cash equivalents at the end of the year	¥ 11,089,073	¥ 11,798,435	¥ 18,577,225

Consolidated Statements of Financial Position - CNY (¥) ¥ in Thousands	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Cash at bank	¥ 22,086,187	¥ 29,903,846
Restricted cash	19,035,154	14,132,034
Financial assets held under resale agreements	1,577,029	657,033
Financial assets at fair value through profit or loss	34,666,573	20,355,814
Financial assets at fair value through other comprehensive income	6,182,229	1,156,095
Financial assets at amortized cost	0	1,499,000
Accounts and other receivables and contract assets	4,240,132	6,216,650
Loans to customers	102,290,974	111,508,669
Deferred tax assets	6,978,651	6,773,586
Property and equipment	54,137	64,075
Intangible assets	911,603	956,077
Right-of-use assets	265,523	306,599
Goodwill	9,169,031	9,175,539
Other assets	657,424	831,626
Total assets	208,114,647	203,536,643
LIABILITIES
Payable to platform investors	667,794	721,558
Borrowings	63,535,913	51,114,575
Customer deposits	9,456,934	3,933,750
Current income tax liabilities	396,643	782,352
Accounts and other payables and contract liabilities	7,557,062	7,492,550
Payable to investors of consolidated structured entities	28,921,222	42,795,624
Financing guarantee liabilities	5,647,343	4,217,979
Deferred tax liabilities	297,931	333,560
Lease liabilities	259,764	302,867
Convertible promissory notes payable	6,503,803	6,174,050
Financial assets sold under repurchase agreements	1,662,008	782,459
Other liabilities	1,167,155	1,287,562
Total liabilities	126,073,572	119,938,886
EQUITY
Share capital	117	117
Share premium	27,027,931	27,027,846
Treasury shares	(5,642,768)	(5,642,768)
Other reserves	1,746,502	1,591,448
Retained earnings	56,698,381	58,796,059
Total equity attributable to owners of the Company	79,830,163	81,772,702
Non-controlling interests	2,210,912	1,825,055
Total equity	82,041,075	83,597,757
Total liabilities and equity	¥ 208,114,647	¥ 203,536,643