• Unaudited statutory net profit up 14% on 1H25 average
• Unaudited net profit ex Notable Items up 8% on 1H25 average
• CET1 capital ratio above target operating range of 11.0% to 11.5%

Westpac Banking Corporation has reported a strong financial performance in the third quarter of 2025. Unaudited statutory net profit was $1.9 billion, up 14% on the 1H25 average. Excluding Notable Items, net profit increased 8% to $1.9 billion and pre-provision profit rose 6% with revenue increasing 4% and expenses rising 3%. Impairment charges were low at 5 basis points of average gross loans, reflecting the financial resilience of Westpac's customers. The bank's CET1 capital ratio was 12.3% as at 30 June 2025, above the target operating range of 11.0% to 11.5%. The proforma CET1 capital ratio was 12.0% assuming completion of the remaining on market share buyback. Westpac has issued $27 billion in long-term wholesale funding for the financial year to date, completing its 2025 funding plan. The bank continues to focus on simplifying its operating environment, enhancing customer experience, and supporting the broader economy through initiatives such as its submission to the Government's upcoming Economic Reform Roundtable.

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

Westpac's transformation agenda, including UNITE, BizEdge and Westpac One, is focused on simplifying its operating environment across products, processes and systems, and accelerating innovation. The bank is committed to supporting improvement in Australia's productivity and has made a submission to the Government's upcoming Economic Reform Roundtable, with three key policy priorities being increasing housing supply, investing in the regions and accelerating the energy transition.