Key highlights

  • ANZ reported statutory profit of A$3,650 million and cash profit of A$3,780 million for the half ended 31 March 2026.
  • Cash profit was up 70% on 2H25, or up 14% excluding 2H25 significant items.
  • The Dividend is 83 cents per share, franked at 75%, and the CET1 ratio was 12.39%.

Australia and New Zealand Banking Group (ASX:ANZ) announced its half-year result for the six months ended 31 March 2026 (1H26) on 1 May 2026. The document provided is a half-year result rather than a full-year annual report. It covered profit, costs, Capital and the dividend.

About ANZ

ANZ is one of Australia’s four major banks, with operations in Australia, New Zealand and other international markets. It provides retail, commercial and institutional banking services.

Profit and costs

Statutory profit was A$3,650 million and cash profit was A$3,780 million. Cash profit was up 70% on the second half of the year ended 30 September 2025, and up 14% excluding 2H25 significant items. Operating Income was A$11,204 million, up 3%, while operating expenses fell 22% to A$5,534 million, or 9% excluding significant items. The cost-to-income ratio was 49.4% compared with 65.5%.

The provision charge was A$274 million, down 7%, and income tax expense rose 30% to A$1,616 million.

Returns and capital

Cash return on tangible Equity rose 161 basis points to 11.6% excluding significant items. The APRA Level 2 CET1 ratio was 12.39% at 31 March 2026, up 36 basis points from 30 September 2025. The dividend was 83 cents per share, unchanged from the previous half, franked at 75%.

Risks to consider

Comparisons with the second half of FY25 are affected by significant items, which makes the 70% rise in cash profit a less direct measure than the 14% rise excluding them. Income was flat excluding significant items.

The bank’s profit depends on net interest margins, Credit costs and cost control, and the dividend is only 75% franked. Provisions can rise if economic conditions deteriorate.

Catalysts to watch

Items to watch include the full-year result, the CET1 ratio relative to 12.39%, the cost-to-income ratio, the provision charge, and the dividend.