• Unaudited cash NPAT of ~$2.6 billion, up 1% on 2H25 quarterly average and up 2% on the prior comparative quarter
• Operating income up 3% driven by lending and deposit volume growth, higher non-interest income and 1.5 additional days in the quarter
• Loan impairment expense of $220 million, with portfolio credit quality remaining sound

Commonwealth Bank of Australia (CBA) has reported strong financial results for the first quarter of the 2026 financial year. The bank delivered unaudited statutory NPAT of ~$2.5 billion and unaudited cash NPAT of ~$2.6 billion, up 1% on the 2H25 quarterly average and up 2% on the prior comparative quarter. Operating income was 3% higher in the quarter, driven by higher net interest income and other operating income. Net interest income was 3% higher, with deposit and lending volume growth and 1.5 additional days in the quarter. However, headline net interest margin reduced due to the mix effects of strong growth in lower yielding liquid assets and institutional repos. The bank continued to focus on growing its business banking franchise, increasing business transaction accounts by 7% versus the prior comparative period. Operating expenses excluding restructuring and notable items increased by 4% mainly driven by wage and IT vendor inflation and 1.5 additional days in the quarter, offset by seasonally lower IT vendor spend and the benefit of ongoing productivity initiatives. Loan impairment expense was $220 million, with portfolio credit quality remaining sound. The bank maintained a strong capital position with a CET1 (Level 2) ratio of 11.8% as at 30 September 2025, well above APRA's minimum regulatory requirement of 10.25%.

CBA expects to maintain strong financial performance, with unaudited cash NPAT of ~$2.6 billion for the first quarter of the 2026 financial year, up 1% on the 2H25 quarterly average and up 2% on the prior comparative quarter.

CBA remains focused on supporting its customers, disciplined execution of its strategy, investing in technology to deliver exceptional customer experiences, and delivering strong financial outcomes for its shareholders. The bank is closely watching the increased competitive intensity and implications across the financial system, and will continue to adjust its settings as appropriate.