NAB 2026 Full Year Results: Management Discussion and Analysis
Key points
- Cash earnings declined by 13.4% to $6,143m
- Statutory net profit remained flat
- Dividend of 85 cents per share, fully franked
Full summary
National Australia Bank (NAB) released its 2026 Full Year Results, showing a 13.4% decrease in cash earnings to $6,143 million. Despite this, the statutory net profit remained unchanged from the previous year. The bank maintained a final dividend of 85 cents per share, fully franked. The Group's CET1 ratio increased to 11.87%, reflecting capital actions and strong lending growth. The bank also highlighted its commitment to supporting customers and communities through various initiatives.
Guidance
NAB expects cash earnings to be flat in FY27, with a CET1 ratio of approximately 12.07%.
Outlook
NAB anticipates a gradual rise in unemployment in Australia to around 5.5% by early 2028, with economic growth slowing. In New Zealand, GDP growth is forecast to improve, but inflationary pressures remain a concern.
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