• Statutory loss of $97.1 million driven by $539.5 million impairment of goodwill
• Small increase in net interest income offset by margin pressures and decrease in other income
• Operating costs increased due to investment in transformation agenda and inflationary pressures

Bendigo and Adelaide Bank Limited has reported its financial results for the year ended 30 June 2025. The Group's statutory profit after tax decreased to a loss of $97.1 million, compared to a profit of $545.0 million in the previous financial year. This was primarily driven by an impairment of goodwill attributed to the Consumer Cash Generating Unit of $539.5 million. The bank saw a small increase in net interest income due to an increase in interest earning assets, but this was partly offset by the impact of margin pressures in the first half of the year. Other income decreased, mainly due to the one-off benefit in FY24 of changes in valuation and methodology assumptions and a restructure of the Homesafe operations.Operating costs increased due to a planned increase in investment spend on the bank's transformation agenda to support long-term growth and simplification benefits. Costs also reflected inflationary pressures and higher software and amortisation charges. Credit expenses decreased, reflecting a reduction in collective provision overlays and an improved macroeconomic outlook.Cash earnings attributable to owners of the bank increased by 8.4% to $514.6 million, with cash earnings per share also up 8.4% to 91.0 cents.

The bank has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.