• Statutory net profit of $6.9 billion, net profit excluding Notable Items of $7.0 billion
• CET1 capital ratio of 12.5%, above target of 11.25%
• Full year ordinary dividends per share of 153 cents, fully franked

Westpac's 2025 Full Year Financial Results reflected the Group's strategy of balancing growth and return while investing for the future. Net profit was $6.9 billion, with net profit excluding Notable Items of $7.0 billion. The Group maintained a strong financial position, with the CET1 capital ratio at 12.5%, above the target of 11.25% in normal operating conditions. Fully franked ordinary dividends increased to 153 cents per share, including a final dividend of 77 cents per share, equating to a full year ordinary dividend payout ratio of 76% of net profit, towards the upper end of the preferred payout range. The rise in operating income reflected disciplined management of net interest margins and balance sheet growth across the businesses. Operating expenses increased, driven by higher staff and technology costs, while impairment charges remained low due to credit quality improvements. The balance sheet recorded solid growth, with deposits and loans rising by 7% and 6% respectively. The Group is focused on building stronger customer relationships while investing to improve its market position and deliver long-term value for shareholders.

The Group expects Australian housing credit to increase by 6.6% and 6.5% in 2025 and 2026 respectively, and Australian business credit to grow by 9.0% in 2025 and 7.2% in 2026.

The Australian economy is showing signs of improvement, with GDP growth expected to rise to 2.1% in 2025 and 2.4% in 2026. The New Zealand recovery has been slower than anticipated, but lower interest rates are likely to support demand for housing. Globally, inflation is broadly within target ranges, enabling gradual easing in monetary policy, but geopolitical uncertainties and lingering inflationary pressures remain elevated.