ANZBGL cash profit falls 13% to $5.93bn in 2025

ANZBGL reported a cash profit attributable to shareholders of $5,931 million for the year ended September 30, 2025, a 13% decrease from $6,785 million in 2024. Statutory profit also fell by $560 million to $6,035 million, with a 90 basis point reduction in statutory return on tangible equity to 9.4%. Operating income increased by 5% to $21,861 million, but operating expenses rose by 19% to $12,723 million, largely due to the Suncorp Bank acquisition, staff redundancies, and an ASIC settlement.

The Group recognized several significant items impacting profit, including a pre-tax charge of $285 million for the impairment of its investment in PT Bank Pan Indonesia Tbk, $579 million for staff redundancies across the Group, and $271 million for an ASIC settlement. The Suncorp Bank acquisition in July 2024 contributed to a $136.0 billion increase in average interest-earning assets, although net interest margin decreased by 3 basis points due to pricing competition and wholesale funding impacts.

The Board also applied downward adjustments to executive remuneration, with the current and former chief executives receiving zero Short Term Variable Remuneration (STVR) for 2025, reflecting accountability for non-financial risk matters. Total remuneration forfeited by former chief executive S Elliott amounted to $13.49 million, representing 539% of his fixed remuneration.