• Statutory net profit up 3% on 1H25, net profit ex Notable Items up 1% on 1H25
• CET1 capital ratio of 12.4% above target ratio of 11.25%
• Interim dividend of 77 cents per share, fully franked

Westpac Banking Corporation has reported its 2026 interim financial results, with statutory net profit of $3.4 billion, up 3% on the prior corresponding period. Net profit excluding Notable Items was $3.5 billion, up 1% on the prior corresponding period. The bank's CET1 capital ratio of 12.4% is above its target ratio of 11.25%, providing $2.7 billion of capital above the target after payment of the interim dividend. Westpac delivered solid operating momentum during the half, with lending and deposit growth of 7% over the year. Australian household deposit growth reflected strong transaction account growth and improved brand consideration, while business and wealth deposits increased 5%. Australian housing loans, excluding RAMS, grew 7% with the proportion of new loans originated through the proprietary channel rising. Australian business lending increased 16%, with diversified growth across target sectors. Westpac's credit quality metrics continued to improve, with stressed exposures as a percentage of total committed exposures declining to 1.16%. The bank has taken a prudent approach, increasing provisions in response to the economic impacts of ongoing global conflict. Westpac remains focused on its five strategic priorities of improving customer service, creating the best workplace, excellence in risk execution, investing for the future, and balancing growth with returns. The bank is making good progress on its UNITE program to simplify its operating environment, with the completion of the first large-scale migration to its Panorama wealth platform and the commencement of the migration of commercial business banking customers to its One Commercial Bank platform.

The war in the Middle East is presenting challenges for some customers and the economic impact of the conflict will continue through the year. The disruption to energy supply chains has driven a rise in prices and Westpac is seeing this flow through to businesses and households, with some sectors more affected than others. Westpac is ready to work with the Government to ensure Australia is better prepared for future events, including through ongoing investment in a reliable, sustainable energy system. As a country, Australia must embrace the opportunity for genuine reform to ensure the nation remains competitive, with boosting productivity a priority, particularly through an uplift in skills and training alongside a committed and inclusive adoption of AI and other emerging technologies.