• Statutory net profit $1.9bn, up 14%
• Net profit excluding Notable Items $1.9bn, up 8%
• CET1 ratio of 12.3%, above target operating range

Westpac reported a sound financial performance in 3Q25, with statutory net profit of $1.9 billion, up 14% compared to the 1H25 quarterly average. Net profit excluding Notable Items was also $1.9 billion, up 8%. Revenue increased 4% reflecting disciplined growth and positive market conditions, while expenses increased 3% due to planned investment and wage growth. The bank's net interest margin (NIM) improved to 1.99%, with core NIM up 5bps to 1.85% on lower liquid assets and modest improvements in loan and deposit margins. Westpac's CET1 capital ratio was 12.3%, above its target operating range of 11.0-11.5%, with risk-weighted assets (RWA) down 1.1% due to lower interest rate risk in the banking book (IRRBB), partly offset by lending growth. The bank's liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) remained well above regulatory minimums. Credit quality remained resilient, with impairment charges to average gross loans of 5bps, down 1bp, and stressed assets to total committed exposures (TCE) at 1.33%, down 3bps.