Australia’s ANZ reported annual cash profit of 7.591 billion Australian dollars, up 31 per cent. Growth was 10 per cent after excluding significant prior-year items. Statutory profit was 7.27 billion dollars, while productivity savings helped lower the cost-to-income ratio. The bank set its final dividend at 83 cents a share.
Australia’s ANZ reported cash profit of 7.591 billion Australian dollars for the financial year ended 30 September, up 31 per cent from the preceding year. Excluding significant items recorded in that earlier period, growth was 10 per cent. Statutory net profit reached 7.27 billion Australian dollars. The bank’s cash profit measure excludes certain non-core items included in statutory earnings.[1], [2]
Management reported productivity benefits, exceeding its earlier indication of gross savings. The cost-to-income ratio improved by more than four percentage points to 49.26 per cent. The common equity tier one capital ratio was 11.99 per cent. A final dividend of 83 cents per share brought the annual distribution to 166 cents.[1]
ANZ’s annual credit impairment charges included individual and collective provisions. Its collective provision balance increased, while non-performing exposures as a share of total credit exposure remained unchanged. Chief executive Nuno Matos said the bank targets completion of the Suncorp Bank integration in June 2027. The bank also targets a single customer front end for retail and small business customers in September 2027. The bank also issued term wholesale debt during the year.[1]
