ANZ 1H 2025 Results Presentation & Investor Discussion Pack

• Strongest revenue outcome on record
• First full half of Suncorp Bank earnings
• Announced a new CEO, enforceable undertaking entered with APRA, more disruptive era of geopolitics

ANZ Group Holdings Ltd reported its 1H 2025 results, with the strongest revenue outcome on record and the first full half of Suncorp Bank earnings. The company announced three significant changes: a new CEO, an enforceable undertaking entered with APRA for matters relating to non-financial risk management practices and risk culture, and a more disruptive era of geopolitics. ANZ's balance sheet remains strong, with a 45% increase in APRA level 2 CET1 capital and a 45% increase in collective provision balance since March 2016. The company's revenue, profit before provisions, and cash profit all increased compared to 2H 2024, with a 12% increase in cash profit. Return on Equity improved by 94 basis points, and Earnings per Share increased by 13%. ANZ is focused on building out its dual platform strategy, with continued growth in ANZ Plus customers and deposits, as well as expanding its Transactive Global platform. The acquisition of Suncorp Bank has added scale and diversification to ANZ's Australia retail and commercial businesses. The Board's priorities include resolving non-financial risk issues, growing the dual platforms, running Suncorp Bank well, and managing a smooth CEO transition.

ANZ expects FY25 cost growth to be similar to FY24 at around 4%, including the impact of Suncorp Bank acquisition accounting.