• Higher underlying profit in FY25 supported by strong revenue and volume growth
• Balance sheet strength remains a key focus with CET1 ratio above target
• Progressing customer-centric strategy with positive outcomes

NAB reported strong financial results for FY25, with cash earnings increasing by 1.3% and underlying profit up 1.0%. This was supported by solid revenue growth of 4.3% in the second half of FY25 and strong volume growth across the business. The bank's balance sheet remained a key focus, with the CET1 ratio comfortably above the target of >11.25% at 11.81% on a pro forma basis. NAB continued to progress the implementation of its refreshed customer-centric strategy, with positive outcomes delivered to date, including embedding customer feedback loops, improving customer experiences, and leveraging technology and AI solutions. The bank maintained its focus on three key priorities - growing business banking, driving deposit growth, and strengthening proprietary home lending - which are expected to improve returns over time. NAB also continued its technology modernisation journey, reducing its Technology Modernisation Score by ~13% per annum and making significant progress in cloud migration, product simplification, and colleague upskilling.

NAB expects to deliver FY25 cash earnings of $7,091 million and statutory profit of $6,759 million.

NAB is well positioned to deliver sustainable growth and returns over time, leveraging its strong balance sheet, customer-centric strategy, and focus on key priorities in business banking, deposits, and proprietary home lending.