Highlights

  • ANZ reported FY2025 statutory profit of AUD 5.89 billion and proposed a final dividend of 83 cents per share.
  • Westpac and NAB recorded modest year-on-year profit declines while maintaining lending and deposit growth.
  • CBA delivered quarterly profit growth in early FY2026, supported by lending volumes and capital generation.

As 2025 drew to a close, the ASX-listed big four banks posted mixed market performance across the year. Commonwealth Bank of Australia (ASX:CBA), ANZ Group Holdings (ASX:ANZ), Westpac Banking Corporation (ASX:WBC) and National Australia Bank (ASX:NAB) are closing the 2025 financial year with varied earnings outcomes, shaped by margin pressure, higher operating costs and changes in credit conditions.

Bank

ASX Code

Share Price (AUD)

Daily Change

Past Year Change

Commonwealth Bank of Australia

ASX: CBA

$159.93

−$1.36 (−0.84%)

4.36%

ANZ Group Holdings Ltd

ASX: ANZ

$36.22

−$0.21 (−0.58%)

26.91%

Westpac Banking Corp

ASX: WBC

$38.50

−$0.52 (−1.35%)

19.14%

National Australia Bank Ltd

ASX: NAB

$42.06

−$0.28 (−0.65%)

13.38%

 

ANZ: Lower Profit, Dividend Maintained

ANZ reported a statutory profit of AUD 5.89 billion for the year ended 30 September 2025, representing a 10% decline compared with the prior year. Cash profit was reported at AUD 5.79 billion. After excluding significant items totalling AUD 1.11 billion, cash profit was AUD 6.90 billion, broadly unchanged year-on-year.

Operating income increased 5% to AUD 21.9 billion, while operating expenses rose 20% to AUD 12.9 billion. ANZ’s Common Equity Tier 1 (CET1) ratio closed the year at 12.0%. The bank proposed a final dividend of 83 cents per share, bringing the full-year dividend to 166 cents per share, partially franked at 70%.

Commonwealth Bank: Quarterly Momentum into FY2026

Commonwealth Bank released a first-quarter FY2026 trading update showing unaudited statutory net profit after tax of approximately AUD 2.5 billion and cash net profit of about AUD 2.6 billion. This represented a 1% increase on the second-half FY2025 quarterly average, and a 2% rise compared with the prior corresponding quarter.

Operating income increased 3%, supported by lending and deposit growth, while operating expenses rose 4%, reflecting wage and technology costs. Loan impairment expense for the quarter was AUD 220 million. CBA reported a CET1 ratio of 11.8% after paying AUD 4.4 billion in second-half FY2025 dividends.

Westpac: Lending Growth Offsets Margin Pressure

Westpac recorded FY2025 net profit of AUD 6.97 billion, down 2% from FY2024 on an underlying basis. Net interest income increased 3% to AUD 19.47 billion, supported by a 3% rise in average interest-earning assets.

Loans increased 6% to AUD 851.9 billion, driven by housing, business and institutional lending. Customer deposits rose 7% to AUD 723.0 billion. Net interest margin declined slightly to 1.94%, while non-interest income increased 5%. Operating expenses rose 9%, including restructuring costs, with credit impairment charges easing compared with the prior year.

NAB: Earnings Stable with Margin Support

National Australia Bank reported statutory net profit of AUD 6.76 billion and cash earnings of AUD 7.09 billion for FY2025, broadly in line with FY2024. The bank declared a final dividend of 85 cents per share, fully franked.

Revenue increased 2.9%, supported by loan and deposit growth, while net interest margin rose 3 basis points to 1.74%. Gross loans and advances increased 5.9% and deposits grew 7.4%. Operating expenses rose 4.6%, reflecting payroll remediation and technology costs. NAB’s CET1 ratio was reported at 11.70%.