• $539.5 million after-tax goodwill impairment charge
• $9 million after-tax restructuring costs
• No impact on FY25 cash earnings, CET1 capital ratio, or dividends

Bendigo and Adelaide Bank Limited (ASX:BEN) has announced that its second half 2025 statutory profit will be impacted by two new notable items, which will not affect the bank's FY25 Cash Earnings. The first item is a $539.5 million after-tax goodwill impairment charge, which has been significantly driven by an increase in the discount rate used in the goodwill impairment testing and reflects a balanced approach to the heightened level of global uncertainty. This cost will be booked as a non-cash item. The second item is an additional $9 million after-tax of restructuring costs, incurred as part of a comprehensive productivity program that commenced in the last quarter, impacting over 100 roles and including the closure of ten corporate branches. This cost will also be booked as a non-cash item. The bank has stated that there is no impact on its CET1 capital ratio or the ability to pay a dividend.