• Unaudited net profit of $1.7 billion
• Excluding Notable Items, unaudited net profit increased 3% to $1.9 billion
• Committed to 200 additional small business and SME bankers by 2027

Westpac has reported a solid first quarter performance for 2025, with an unaudited net profit of $1.7 billion. Excluding Notable Items, unaudited net profit increased 3% to $1.9 billion, reflecting strong financial position, balance sheet growth, and service enhancements. The company has committed to adding 200 additional small business and SME bankers across Australia by the end of 2027, and has launched digital financial management tools, new offset accounts, and enhanced customer support to combat fraud and scams. Westpac's CET1 capital ratio was 11.9% as at 31 December 2024, above the target operating range of 11.0% to 11.5%. The company has also been reappointed as the primary banking partner to the New South Wales Government. While cost of living pressures and high interest rates remain challenging for some customers, the company is encouraged by easing inflation and the potential for the Reserve Bank of Australia to reduce the cash rate, which could provide relief to households and support business activity.

Unaudited net profit of $1.7 billion for the first quarter of 2025. Excluding Notable Items, unaudited net profit increased 3% to $1.9 billion.

Westpac is encouraged by easing inflation and the potential for the Reserve Bank of Australia to reduce the cash rate, which could provide relief to households and support business activity. The company remains focused on enhancing customer service and financial strength.