Westpac updates on $3.5 bn share buy-back program

Westpac Banking Corporation announced an update to its on-market buy-back program on December 19, 2025. The company bought back an additional 50,000 ordinary fully paid shares on December 18, 2025. This brings the total number of shares bought back before December 18, 2025, to 88,723,655. The consideration paid for the shares on December 18, 2025, was AUD 1,912,500.00.

The buy-back, which commenced on November 25, 2025, is scheduled to continue until November 10, 2026. Westpac intends to repurchase up to an aggregate total of AUD 3.5 billion of its fully paid ordinary shares. Barrenjoey Markets Pty Limited is acting as the broker for the buy-back.

As of the announcement date, the highest price allowed to be paid by the entity on the previous day under listing rule 7.33 was AUD 40.44. The company has not set a minimum or maximum number of securities it intends to buy back, indicating flexibility in its repurchase strategy.