Westpac files FY25 US annual report, net profit dips 1%

Westpac Banking Corporation has filed its US annual report on Form 20-F for the financial year ended 30 September 2025. This filing meets US securities law requirements and updates Westpac’s US debt issuance programs.

The report highlights a net profit attributable to owners of Westpac of AUD6,916 million for FY25, a 1% decrease from FY24’s AUD6,990 million. Total interest income for FY25 reached AUD55,042 million, up from AUD54,347 million in FY24, while net interest income rose to AUD19,380 million from AUD18,753 million.

KPMG commenced as Westpac’s external auditor for the 2025 financial year, following shareholder approval at the 2024 AGM. The bank’s credit ratings as of 30 September 2025 were F1+ (Fitch), P-1 (Moody’s), and A-1+ (S&P Global Ratings) for short-term, and AA- (Fitch), Aa2 (Moody’s), and AA- (S&P Global Ratings) for long-term, all with a Stable Outlook.