• Unaudited statutory NPAT of ~$2.6 billion, flat on 1H25 quarterly average and up 6% on prior quarter
• Operating income up 1% driven by lending volume growth and higher trading income
• Operating expenses up 1% due to increased investment in technology and frontline staff

Commonwealth Bank of Australia reported its Q3 2025 trading update, with unaudited statutory NPAT of ~$2.6 billion, flat on 1H25 quarterly average but up 6% on the prior comparative quarter. Operating income was 1% higher, driven by lending volume growth and higher trading income, largely offset by two less days in the quarter. Excluding non-recurring earnings, net interest margin was stable. Operating expenses increased 1% due to increased investment in technology and frontline staff, partly offset by two less days in the quarter and the benefit of ongoing productivity initiatives. The Bank's balance sheet settings remained strong, with a customer deposit funding ratio of 77%, LCR of 133%, and NSFR of 116%. The Bank has completed its FY25 funding task, issuing A$36 billion of new long-term wholesale funding. The CET1 (Level 2) ratio was 11.9%, up 45bpts before the payment of $3.8 billion in 1H25 dividends. Consumer arrears and corporate Troublesome and Non-Performing Exposures increased in the quarter, leading to a loan impairment expense of $223 million. The Bank remains focused on supporting customers, maintaining consistent and disciplined execution, investing in the franchise, and generating sustainable returns for shareholders.

Cash NPAT from continuing operations was flat compared to the 1H25 quarterly average at ~$2.6 billion. Operating income was 1% higher and operating expenses increased 1% in the quarter.

There is heightened risk to the global economy from geopolitical and macroeconomic uncertainty which could slow the domestic economy. However, Australia remains in a relatively strong position to navigate the challenges, with government investment in infrastructure and services supporting employment and growth, and underlying inflation moderating.