• Strong performance across the Group's portfolio
• Maintained financial strength, allowing investment in fleet renewal and cabin overhaul programs
• Provided new opportunities for employees and better experiences for customers

The Qantas Group has reported a strong financial performance in the first half of FY25, with an Underlying Profit Before Tax of $1.385 billion. The Group's operating results were strong across its portfolio, with operating cash flow of $2.1 billion. The statutory profit after tax includes a $65 million increase in a legal provision in relation to the ground handling outsourcing Federal Court case. The Group's balance sheet remains strong, with net debt of $4.1 billion, within its target range of $4.7 - $5.8 billion for FY25. The Group has completed $431 million in share buy-backs and is announcing a fully franked base dividend of $250 million per half, as well as an additional distribution of $150 million via a fully franked special dividend. The Group's customer and people metrics have also improved, with a 4 percentage point uplift in its reputation score, a 13 percentage point uplift in Qantas NPS and a 9 percentage point uplift in Jetstar NPS from the first half of FY24 to the first half of FY25. The Group has also seen approximately one-third of Jetstar fares booked for under $100 and a 2 percentage point uplift in its employee engagement score. The Group's fleet investment has included the delivery of 16 aircraft in the first half of FY25, including 11 new aircraft such as Jetstar A321LRs and QantasLink A220s.

The Qantas Group is not providing any high-importance, price-sensitive forward-looking financial metrics in this announcement.

The Qantas Group has not provided any forward-looking outlook in this announcement.