• Achieved $7.0bn net profit ex Notable Items, up 2% on FY24
• Delivered 11.0% ROTE ex Notable Items, up 24bps on FY24
• Improved cost to income ratio ex Notable Items to 53.0%, down 3ppts on FY24
• Grew deposits by 7% to $723bn and loans by 6% to $856bn

Westpac Banking Corporation has reported its full year financial results for the 12 months ended 30 September 2025, delivering a net profit ex Notable Items of $7.0 billion, up 2% on the prior year. The company's return on tangible equity ex Notable Items was 11.0%, up 24 basis points, while the cost to income ratio ex Notable Items improved 3 percentage points to 53.0%. Westpac achieved strong deposit growth of 7% to $723 billion and loan growth of 6% to $856 billion. The company continued to support its communities, investing $199 million and volunteering 65,538 hours. Westpac also made progress on its strategic priorities, including improving customer service, investing in its people, and executing its UNITE transformation program. The company expects to invest $850 million to $950 million in UNITE in FY26, with around 75% of the spend to be expensed. Looking ahead, Westpac remains focused on improving its performance relative to peers, delivering a better customer experience, and transforming the business through UNITE.

Westpac expects to invest $850 million to $950 million in its UNITE transformation program in FY26, with around 75% of the spend to be expensed.

Westpac remains focused on improving its performance relative to peers, delivering a better customer experience, and transforming the business through its UNITE program. The company expects to complete the UNITE program by FY29, with around 40% of the total $2 billion annual investment to be spent in FY27 and FY28.