Australia and New Zealand Banking Group Ltd. - Earnings Release 2025

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ANZ Group Holdings Limited

ABN 16 659 510 791

Full Year 30 September 2025

Consolidated Financial Report Dividend Announcement

and Appendix 4E

The Consolidated Financial Report and Dividend Announcement contains information required by Appendix 4E of the Australian Securities Exchange (ASX) Listing Rules. It should be read in conjunction with the 2025 ANZ Group Holdings Limited Annual Report, and is lodged with the ASX under listing rule 4.3A.

RESULTS FOR ANNOUNCEMENT TO THE MARKET

APPENDIX 4E

Name of Company:

ANZ Group Holdings Limited ABN 16 659 510 791

Report for the year ended 30 September 2025

Operating Results1	AUD million	AUD million	AUD million	AUD million
Statutory operating income		8%	to	22,186
Statutory profit attributable to shareholders of the Company		-10%	to	5,891
Cash profit2 Dividends3		-14% Cents	to	5,787 Franked
		per		amount
		share		per share
Proposed final dividend4		83		70%
Interim dividend		83		70%
Record date for determining entitlements to the proposed 2025 final dividend			14	November 2025
Payment date for the proposed 2025 final dividend			19	December 2025

Dividend Reinvestment Plan and Bonus Option Plan

ANZ Group Holdings Limited has a Dividend Reinvestment Plan (DRP) and a Bonus Option Plan (BOP) that will operate in respect of the proposed 2025 final dividend. For the 2025 final dividend, ANZ intends to provide shares under the DRP and BOP through the issue of new shares. The 'Acquisition Price' to be used in determining the number of shares to be provided under the DRP and BOP will be calculated by reference to the arithmetic average of the daily volume weighted average sale price of all fully paid ANZ ordinary shares sold in the ordinary course of trading on the ASX and Cboe Australia during a pricing period commencing on 19 November 2025, less a 1.5% discount, and then rounded to the nearest whole cent (with half a cent rounded down). The Pricing Period will be 10 trading days. Shares provided under the DRP and BOP will rank equally in all respects with existing fully paid ANZ ordinary shares. Election notices from shareholders wanting to commence, cease or vary their participation in the DRP or BOP for the 2025 final dividend must be received by ANZ's Share Registrar by 5.00pm (Australian Eastern Daylight Time) on 17 November 2025. Subject to receiving effective contrary instructions from the shareholder, dividends payable to shareholders with a registered address in the United Kingdom (including the Channel Islands and the Isle of Man) or New Zealand will be converted to Pounds Sterling or New Zealand Dollars respectively at an exchange rate calculated on 19 November 2025.

Unless otherwise noted, all comparisons are to the consolidated financial information for the year ended 30 September 2024.
Cash profit excludes non-core items included in statutory profit and is provided to assist readers in understanding the result of the core business activities of the Group. The non-core items are calculated consistently period on period and comprise economic hedging and similar accounting items that represent timing differences that will reverse through earnings in the future, and amortisation of intangible assets recognised in a business combination. The net after tax gain adjusted from statutory profit to arrive at cash profit was $104 million. Refer to pages 73 to 76 for further information.
The unfranked portion of the proposed 2025 final dividend will be sourced from the Group’s conduit foreign income account.
It is proposed that the 2025 final dividend of 83 cents will be partially franked at 70% for Australian tax purposes (30% tax rate) and carry New Zealand imputation credits of NZD 13 cents per ordinary share.

RESULTS FOR ANNOUNCEMENT TO THE MARKET

APPENDIX 4E

KPMG has audited the financial statements contained within the 2025 ANZ Group Holdings Limited Annual Report (Annual Report) and has issued an unmodified audit report on 7 November 2025. The Annual Report will be available on 10 November 2025, and will include a copy of the KPMG audit report. The financial information contained in the Condensed Consolidated Financial Statements section of this report includes financial information extracted from the audited financial statements.

Cash profit is not subject to audit by the external auditor. A number of intangible assets were recognised as part of the Suncorp Bank acquisition accounting and the amortisation of these intangible assets is treated as a cash profit adjustment from the March 2025 half. Except for this new item, the external auditor has informed the Audit Committee that recurring adjustments have been determined on a consistent basis across each period presented.

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Paul D O’Sullivan Chairman

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Nuno A Matos

Managing Director

7 November 2025

RESULTS FOR ANNOUNCEMENT TO THE MARKET

APPENDIX 4E

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ANZ GROUP HOLDINGS LIMITED

ABN 16 659 510 791

CONSOLIDATED FINANCIAL REPORT, DIVIDEND ANNOUNCEMENT AND APPENDIX 4E

Year ended 30 September 2025

CONTENTS	Page
Disclosure Summary	7
Summary	9
Group Results	17
Divisional Results	49
Profit Reconciliation	73
Condensed Consolidated Financial Statements	78
Supplementary Information	95
Definitions	107
ASX Appendix 4E - Cross Reference Index	110

This Consolidated Financial Report, Dividend Announcement and Appendix 4E (Results Announcement) has been prepared for ANZ Group Holdings Limited (ANZGHL, Company, parent entity) and its subsidiaries (ANZ, Group, the consolidated entity, us, we, or our).

All amounts are in Australian dollars unless otherwise stated. The Condensed Consolidated Financial Statements were approved by resolution of the Board of Directors on 7 November 2025.

DISCLAIMER & IMPORTANT NOTICE:

The material in the Results Announcement contains general background information about the Group’s activities current as at 7 November 2025. It is information given in summary form and does not purport to be complete. It is not intended to be and should not be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice when deciding if an investment is appropriate.

The Results Announcement may contain forward-looking statements or opinions including statements regarding our intent, belief or current expectations with respect to the Group’s business operations, market conditions, results of operations and financial condition, capital adequacy, specific provisions and risk management practices. These matters are subject to risks and uncertainties that could cause the actual results and financial position of the Group to differ materially from the information presented herein. When used in the Results Announcement, the words ‘forecast’, ‘estimate’, ‘goal’, ‘indicator’, ‘plan’, ‘ambition’, ‘modelling’, ‘project’, ‘intend’, ‘anticipate’, ‘believe’, ‘expect’, ‘may’, ‘probability’, ‘risk’, ‘will’, ‘seek’, ‘would’, ‘could’, ‘should’ and similar expressions, as they relate to the Group and its management, are intended to identify forward-looking statements or opinions. Those statements are usually predictive in character; and may be affected by inaccurate assumptions or unknown risks and uncertainties or may differ materially from results ultimately achieved. As such, these statements should not be relied upon when making investment decisions. There can be no assurance that actual outcomes will not differ materially from any forward-looking statements or opinions contained herein. Also refer to the Risk management section on pages 26-31 of our 2025 ANZGHL Annual Report in relation to risks that may affect forward-looking statements or opinions.

The forward-looking statements or opinions only speak as at 7 November 2025 and no representation is made as to their correctness on or after this date. No member of the Group undertakes any obligation to publicly release the result of any revisions to these statements to reflect events or circumstances after this date to reflect the occurrence of unanticipated events.

ANZ GROUP HOLDINGS LIMITED

ABN 16 659 510 791

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DISCLOSURE SUMMARY

SUMMARY OF 2025 FULL YEAR RESULTS AND ASSOCIATED DISCLOSURE MATERIALS

The following disclosure items were lodged separately with the ASX and NZX and can be accessed via the ANZ Shareholder Centre on the Group website https://www.anz.com/shareholder/centre/reporting/ on 10 November 2025 unless otherwise noted.

ANZ Group Holdings Limited

2025 Full Year Results Announcement
News Release
Consolidated Financial Report, Dividend Announcement and Appendix 4E
Results Presentation and Investor Discussion Pack
Key Financial Data (available on website only)
2025 ANZGHL Annual Report
2025 Corporate Governance Statement
2025 Climate Report
2025 ESG Report
2025 ESG Data and Framework Pack (available on website only)

Australia and New Zealand Banking Group Limited

2025 ANZBGL Annual Report
2025 Basel III Pillar 3 Disclosure
2025 United Kingdom Disclosure and Transparency Rules Submission
(incl. 2025 Principal Risks and Uncertainties Disclosure) (available at a later date)

DISCLOSURE SUMMARY

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SUMMARY

CONTENTS	Page
Guide to Results	10
Statutory Profit Results	11
Cash Profit Results	12
Key Balance Sheet Metrics	13
September 2025 Half Significant Items	14
Cash Profit Results (excl. Suncorp Bank)	15
Full Time Equivalent Staff	16
Other Non-Financial Information	16

SUMMARY

Guide to Results

NON-IFRS INFORMATION

Statutory profit is prepared in accordance with the recognition and measurement requirements of Australian Accounting Standards , which comply with International Financial Reporting Standards (IFRS). The Group provides additional measures of performance in the Results Announcement which are prepared on a basis other than in accordance with accounting standards. The guidance provided in Australian Securities and Investments Commission (ASIC) Regulatory Guide 230 has been followed when presenting this information.

Cash Profit

Cash profit, a non-IFRS measure, represents the Group’s preferred measure of the result of its core business activities, enabling readers to assess Group and divisional performance against prior periods and against peer institutions. To calculate cash profit, the Group excludes non-core items from statutory profit (refer to pages 73 to 76 for analysis of the adjustments between statutory profit and cash profit and Definitions on pages 107 to 109 for further information). The adjustments made in arriving at cash profit are included in statutory profit which is subject to audit within the context of the external auditor’s audit of the 2025 ANZGHL Annual Report. Cash profit is not subject to audit by the external auditor. A number of intangible assets were recognised as part of the Suncorp Bank acquisition accounting and the amortisation of these intangible assets is treated as a cash profit adjustment from the March 2025 half. Except for this new item, the cash profit adjustments have been determined on a consistent basis across each period presented.

SEPTEMBER 2025 HALF SIGNIFICANT ITEMS

During the September 2025 half, the Group recognised a number of significant items which impacted statutory and cash profit, refer to page 14 for further information.

SUNCORP BANK ACQUISITION

On 31 July 2024, the Group acquired 100% of the shares in SBGH Limited, the immediate holding company of Norfina Limited (formerly known as Suncorp-Metway Limited, and trading as Suncorp Bank).

The reported results for the September 2024 full year included the following acquisition related adjustments recognised by the Group post transaction completion, with an after tax charge of $196 million:

Collectively assessed credit impairment charge of $244 million ($171 million after tax) for Suncorp Bank’s performing loans and advances. In accordance with Australian Accounting Standards requirements, the Group consolidated Suncorp Bank’s loans and advances on 31 July 2024, however the Group was not permitted to recognise an allowance for ECL on the performing loans and advances, leading to a proportional reduction in acquisition-related goodwill that would otherwise have been recognised. Subsequently, the Group was required to recognise a collectively assessed allowance for ECL estimated using the Group’s ECL methodologies, with a corresponding collectively assessed credit impairment charge recognised in the Group’s Income Statement.
Accelerated software amortisation expense of $36 million ($25 million after tax) on alignment to the Group’s software capitalisation policy.

During the September 2025 half, the Group completed its purchase price allocation (PPA) to identify and measure the assets acquired and liabilities assumed at acquisition date. The adjustments recognised in the September 2025 half to provisionally determined balances arising from the completion of the PPA exercise include provisions for contingent liabilities and related indemnities and related deferred tax balances with a corresponding increase to goodwill of $141 million, resulting in a total decrease of $56 million to the 2024 provisional goodwill. The final goodwill balance was $1,346 million. The impacts on the 2024 provisional balances are disclosed in Note 8 Suncorp Bank acquisition. Prior periods have not been restated.

The reported results for the September and March 2025 halves include 6 months results for Suncorp Bank, and the September 2025 and September 2024 full years include 12 months and 2 months results for Suncorp Bank respectively, presented as Suncorp Bank division throughout the Results Announcement.

Pro-forma results excluding Suncorp Bank have been included where relevant to provide transparency and aid comparison.

SUMMARY

Statutory Profit Results

Net interest income Other operating income		Half Year	Half Year	Movt 3% -17%	Full Year	Full Year
	Sep 25 $M	Mar 25 $M 8,869 2,310			Sep 25 $M Sep 24 $M Movt 17,961 16,069 12% 4,225 4,478 -6%
	9,092
	1,915
Operating income Operating expenses	11,007	11,179 (5,824)		-2% 24%	22,186 20,547 8% (13,023) (10,741) 21%
	(7,199)
Profit before credit impairment and income tax Credit impairment (charge)/release	3,808	5,355 (145)		-29% large	9,163 9,806 -7% (441) (406) 9%
	(296)
Profit before income tax Income tax expense Non-controlling interests	3,512	5,210 (1,547) (21)		-33% -20% -5%	8,722 9,400 -7% (2,790) (2,830) -1% (41) (35) 17%
	(1,243)
	(20)
Profit attributable to shareholders of the Company	2,249	3,642		-38%	5,891 6,535 -10%
Earnings Per Ordinary Share (cents) Basic Diluted		Half Year			Full Year Sep 25 Sep 24 Movt 198.2 217.9 -9% 196.5 215.1 -9%
	Sep 25
	75.6
	75.4
Ordinary Share Dividends (cents)1,2 Interim - partially franked Final - partially franked	Reference Page		Half Year			Full Year
						Sep 25 Sep 24 83 83 83 83
Total Ordinary share dividend payout ratio3,4			83 83 110.1% 67.7%			166 166 83.9% 76.0%
Profitability Ratios Return on average ordinary shareholders' equity5 Return on average tangible equity6 Return on average assets Return on average RWA Revenue on average RWA Net interest margin Net interest margin (excl. Markets business unit)			6.2% 10.4% 6.7% 11.2% 0.33% 0.55% 0.95% 1.58% 4.65% 4.85% 1.54% 1.56% 2.26% 2.26%			8.2% 9.4% 8.9% 10.0% 0.44% 0.56% 1.26% 1.50% 4.75% 4.72% 1.55% 1.57% 2.26% 2.35%
Efficiency Ratios Operating expenses to operating income Operating expenses to average assets			65.4% 52.1% 1.06% 0.89%			58.7% 52.3% 0.98% 0.92%
Credit Impairment Charge/(Release) Individually assessed credit impairment charge/(release) ($M) Collectively assessed credit impairment charge/(release) ($M)7			168 159 128 (14)			327 144 114 262
Total credit impairment charge/(release) ($M) 90 Individually assessed credit impairment charge/(release) as a % of average gross loans and advances8 Total credit impairment charge/(release) as a % of average gross loans and advances8			296 145 0.04% 0.04% 0.07% 0.04%			441 406 0.04% 0.02% 0.05% 0.06%

1. Partially franked at 70% for Australian tax purposes (30% tax rate) for the proposed 2025 final dividend (2025 interim dividend: partially franked at 70%; 2024 final dividend: partially franked at 70%; 2024 interim dividend: partially franked at 65%).

2. Carry New Zealand imputation credits of NZD 13 cents for the proposed 2025 final dividend (2025 interim dividend: NZD 12 cents; 2024 final dividend: NZD 12 cents; 2024 interim dividend: NZD 12 cents).

3. Dividend payout ratio for the September 2025 half is calculated using the proposed 2025 final dividend of $2,476 million, based on the forecast number of ordinary shares on issue at the dividend record date. Dividend payout ratios for the March 2025 half and September 2024 full year were calculated using actual dividends of $2,466 million and $4,968 million respectively.

4. Excluding the significant items, the dividend payout ratio for the September 2025 half and the September 2025 full year would have been 73.7% and 70.6% respectively.

5. Profit attributable to the shareholders of the Company, divided by average ordinary shareholders’ equity excluding non-controlling interests.

6. Profit attributable to the shareholders of the Company, divided by average shareholders’ equity excluding non-controlling interests, goodwill and other intangible assets.

7. September 2024 full year includes Suncorp Bank acquisition related collectively assessed credit impairment charge of $244 million.

8. Credit impairment charge/(release) used in the ratio relates to gross loans and advances and off-balance sheet commitments - undrawn and contingent liabilities.

SUMMARY

Cash Profit Results[1]

Net interest income Other operating income		Half Year Mar 25 $M Movt 8,869 3% 2,126 -15%	Half Year Mar 25 $M Movt 8,869 3% 2,126 -15%	Full Year Sep 25 $M Sep 24 $M Movt 17,961 16,069 12% 3,938 4,740 -17% 21,899 20,809 5% (12,880) (10,741) 20% 9,019 10,068 -10% (441) (406) 9% 8,578 9,662 -11% (2,750) (2,902) -5% (41) (35) 17% 5,787 6,725 -14% Full Year Sep 25 Sep 24 Movt 194.7 224.3 -13% 193.2 220.9 -13%

	Sep 25
	$M
	9,092
	1,812
Operating income Operating expenses	10,904	10,995 -1% (5,742) 24%
	(7,138)
Cash profit before credit impairment and income tax Credit impairment (charge)/release	3,766	5,253 -28% (145) large
	(296)
Cash profit before income tax Income tax expense Non-controlling interests	3,470	5,108 -32% (1,519) -19% (21) -5%
	(1,231)
	(20)
Cash profit	2,219	3,568 -38%
Earnings Per Ordinary Share (cents) Basic Diluted	Half Year Sep 25 Mar 25 Movt 74.6 120.1 -38% 74.4 117.0 -36%
Ordinary Share Dividends Ordinary share dividend payout ratio2,3	Reference Page		Half Year Sep 25 Mar 25 111.6% 69.1%	Full Year Sep 25 Sep 24 85.4% 73.9% 8.1% 9.7% 8.8% 10.3% 0.43% 0.57% 1.24% 1.55% 4.69% 4.80% 1.55% 1.57% 2.26% 2.35% 58.8% 51.6% 0.97% 0.92% 327 144 114 262 441 406 0.04% 0.02% 0.05% 0.06%
Profitability Ratios Return on average ordinary shareholders' equity4 Return on average tangible equity5 Return on average assets Return on average RWA Revenue on average RWA Net interest margin Net interest margin (excl. Markets business unit)			6.1% 10.2% 6.6% 11.0% 0.33% 0.54% 0.94% 1.55% 4.61% 4.77% 1.54% 1.56% 2.26% 2.26%
Efficiency Ratios Operating expenses to operating income Operating expenses to average assets			65.5% 52.2% 1.06% 0.87%
Credit Impairment Charge/(Release) Individually assessed credit impairment charge/(release) ($M) Collectively assessed credit impairment charge/(release) ($M)6			168 159 128 (14)
Total credit impairment charge/(release) ($M) 28 Individually assessed credit impairment charge/(release) as a % of average gross loans and advances7 Total credit impairment charge/(release) as a % of average gross loans and advances7			296 145 0.04% 0.04% 0.07% 0.04%

1. Cash profit excludes non-core items included in statutory profit and is provided to assist readers in understanding the results of the core business activities of the Group. Refer to pages 73 to 76 for the reconciliation between statutory and cash profit.

2. Dividend payout ratio for the September 2025 half is calculated using the proposed 2025 final dividend of $2,476 million, based on the forecast number of ordinary shares on issue at the dividend record date. Dividend payout ratios for the March 2025 half and September 2024 full year were calculated using actual dividends of $2,466 million and $4,968 million respectively.

3. Excluding the significant items, the dividend payout ratio for the September 2025 half and the September 2025 full year would have been 74.4% and 71.7% respectively.

4. Profit attributable to shareholders of the Company, divided by average ordinary shareholders’ equity excluding non-controlling interests.

5. Profit attributable to shareholders of the Company, divided by average shareholders’ equity excluding non-controlling interests, goodwill and other intangible assets.

6. September 2024 full year includes Suncorp Bank acquisition related collective assessed credit impairment charge of $244 million.

7. Credit impairment charge/(release) used in the ratio relates to gross loans and advances and off-balance sheet commitments - undrawn and contingent liabilities.

SUMMARY

Key Balance Sheet Metrics Reference Page Capital Management (Level 2) Common Equity Tier 1 - APRA 42 - Basel Harmonised 42 Credit risk weighted assets ($B) 44 Total risk weighted assets ($B) 44 APRA Leverage Ratio 46	As at Sep 25 Mar 25 Sep 24 12.0% 11.8% 12.2% 17.6% 17.0% 17.6% 369.6 378.1 361.2 458.5 469.0 446.6 4.4% 4.4% 4.7%	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -2% 2% -2% 3%
Balance Sheet: Key Items Gross loans and advances ($B) Net loans and advances ($B) Total assets ($B) Customer deposits ($B) Total shareholders' equity ($B)	833.3 824.0 807.1 829.5 820.2 803.4 1,297.1 1,302.6 1,229.1 748.1 756.6 715.2 71.9 72.3 70.6	1% 3% 1% 3% 0% 6% -1% 5% -1% 2%

Balance Sheet: Average Balances1 Average gross loans and advances Average assets Average customer deposits Average ordinary shareholders' equity2 Average tangible equity3 Average interest earning assets Average deposits and other borrowings Average RWA Average credit RWA	Half Year Sep 25 $B Mar 25 $B Movt 842.1 825.2 2% 1,349.2 1,318.0 2% 772.3 749.2 3% 72.6 70.5 3% 66.7 65.0 3% 1,177.2 1,142.1 3% 984.7 956.0 3% 471.8 462.1 2% 379.2 372.1 2%	Full Year
		Sep 25 $B Sep 24 $B Movt 833.6 733.8 14% 1,333.6 1,172.4 14% 760.8 669.4 14% 71.5 69.6 3% 65.9 65.4 1% 1,159.7 1,023.6 13% 970.4 858.8 13% 467.0 435.1 7% 375.7 348.3 8%

Liquidity and Funding Reference Page Liquidity Coverage Ratio4 39 Net Stable Funding Ratio 40	As at Sep 25 Mar 25 Sep 24 133% 132% 132% 115% 117% 116%	Movement Sep 25 v. Mar 25 Sep 25 v. Sep 24 1% 1% -2% -1% Movement Sep 25 v. Mar 25 Sep 25 v. Sep 24 13% 50% 13% 54% 10% 30% 2% 3% 0% 2% -1% 1%
Credit Quality Reference Page Gross impaired assets ($M) 31 Gross impaired assets as a % of gross loans and advances Net impaired assets ($M) 31 Net impaired assets as a % of shareholders' equity Individually assessed provision ($M) 30 Individually assessed provision as a % of gross impaired assets Collectively assessed provision ($M) 30 Collectively assessed provision as a % of credit RWA	As at Sep 25 Mar 25 Sep 24 2,538 2,252 1,693 0.30% 0.27% 0.21% 2,139 1,888 1,385 2.98% 2.61% 1.96% 399 364 308 15.7% 16.2% 18.2% 4,379 4,280 4,247 1.18% 1.13% 1.18%
Net Tangible Assets Net tangible assets attributable to ordinary shareholders ($B)5 Net tangible assets per ordinary share ($)	65.4 65.7 64.3 21.91 22.14 21.60

1. September 2024 full year includes 2 months of Suncorp Bank balances from the date of acquisition.

2. Average ordinary shareholders’ equity excludes non-controlling interests.

3. Average tangible equity excludes non-controlling interest, goodwill and other intangible assets (Sep 25 half: $66,688 million; Mar 25 half: $65,009 million; Sep 24 full year: $65,365 million).

4. Liquidity Coverage Ratio is calculated on a half year average basis.

5. Equals total shareholders’ equity less total non-controlling interests, goodwill and other intangible assets.

SUMMARY

September 2025 Half Significant Items

During the September 2025 half, the Group recognised several significant items which impacted statutory and cash profit as summarised below:

PT Panin impairment

The Group recognised a pre-tax charge of $285 million (after-tax: $285 million) in respect of an impairment of the Group’s equity accounted investments in PT Bank Pan Indonesia Tbk (PT Panin) to adjust its carrying value in line with its value-in-use (VIU) calculation. This was recognised in the Group Centre division. This had no impact to CET1 capital as it resulted in an equivalent reduction in capital deductions.

Staff redundancies

In September 2025, the Group announced changes to simplify the bank, strengthen focus on its priorities and deliver for its customers. As a result of the change the Group expects approximately 3,500 employees to depart by September 2026 and to reduce engagements with consultants and other third parties impacting approximately 1,000 managed services contractors.

The Group recognised a pre-tax charge of $585 million (after-tax: $414 million) across the Group.

ASIC settlement

In September 2025, the Group entered into an agreement with the Australian Securities and Investments Commission (ASIC) to resolve five matters within its Australia Markets and Australia Retail businesses that were the subject of separate regulatory investigations. Under the agreement, which requires Federal Court approval, the Group is subject to total penalties of $240 million.

The Group recognised a pre-tax charge of $271 million (after-tax: $264 million) comprising $240 million of ASIC penalties and $31 million of various costs associated with the matters. This was recognised across the Australia Retail and Institutional divisions.

Suncorp Bank migration

The Group announced at the October 2025 Strategy Day its intention to bring forward the integration of Suncorp Bank by June 2027 to accelerate value creation for shareholders, to benefit its customers and to significantly reduce operational complexity.

The Group recognised a pre-tax charge of $97 million (after-tax: $68 million) relating to costs associated with existing contracts that extend beyond the revised migration date. This was recognised in the Suncorp Bank division.

Cashrewards closure

In September 2025, Cashrewards ceased making offers available on its Website, App and Notifier as part of the Group’s strategy to exit non-bank activities that lack economic or strategic rationale.

The Group recognised a pre-tax charge of $78 million (after-tax: $78 million) relating to the impairment of the goodwill recognised on Cashrewards acquisition. This was recognised in the Group Centre division. This had no impact to CET1 capital as it resulted in an equivalent reduction in capital deductions.

The financial impacts from these significant items are summarised below:

Cash Profit Impact	September 2025 Half Year
	Australia Retail $M Australia Commercial $M Institutional $M New Zealand $M Suncorp Bank $M Pacific $M Group Centre $M Total $M
Operating income Operatingexpenses	- - - - - - (285) (285) (410) 3 (165) (11) (169) (3) (276) (1,031)
Profit/(Loss) before income tax Income tax(expense)/benefit	(410) 3 (165) (11) (169) (3) (561) (1,316) 88 (1) 10 3 50 1 56 207
Cashprofit	(322) 2 (155) (8) (119) (2) (505) (1,109)

SUMMARY

Cash Profit Results (excl. Suncorp Bank)

The reported results for the September and March 2025 halves include 6 months results for Suncorp Bank, and September 2025 and September 2024 full years include 12 months and 2 months results for Suncorp Bank respectively. Pro-forma results excluding Suncorp Bank have been presented below to aid comparison.

Net interest income Other operating income		Half Year Mar 25 $M Movt 8,046 3% 2,096 -15%	Full Year
	Sep 25 $M		Sep 25 $M Sep 24 $M Movt 16,321 15,818 3% 3,872 4,734 -18%
	8,275
	1,776
Operating income Operating expenses	10,051	10,142 -1% (5,309) 22%	20,193 20,552 -2% (11,807) (10,553) 12%
	(6,498)
Cash profit before credit impairment and income tax Credit impairment (charge)/release	3,553	4,833 -26% (134) large	8,386 9,999 -16% (405) (163) large
	(271)
Cash profit before income tax Income tax expense Non-controlling interests	3,282	4,699 -30% (1,396) -16% (21) -5%	7,981 9,836 -19% (2,571) (2,954) -13% (41) (35) 17%
	(1,175)
	(20)
Cash profit (excl. Suncorp Bank)	2,087	3,282 -36%	5,369 6,847 -22%

SUMMARY

Full Time Equivalent Staff

As at 30 September 2025, the Group employed 42,698 staff (Mar 25: 43,094; Sep 24: 42,370) on a full time equivalent (FTE) basis.

Division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre		Half Year	Half Year
	Sep 25
	11,023
	3,480
	6,368
	6,689
	2,671
	986
	11,481
Total FTE	42,698	43,094	-1% 42,698 42,370 1%
Average FTE	43,084	42,591	1% 42,838 40,624 5%
Average FTE (excl. Suncorp Bank)	40,455	39,953	1% 40,205 40,175 0%
Geography Australia New Zealand Rest of World		Half Year
	Sep 25
	20,899
	6,758
	15,041
Total FTE	42,698	43,094 -1% 42,698 42,370 1%

Other Non-Financial Information

Shareholder value - ordinary shares Share price ($) - high - low - closing Closing market capitalisation of ordinary shares ($B) Total shareholder return	Half Year Sep 25 Mar 25 Movt 34.09 32.80 4% 26.22 27.89 -6% 33.21 29.09 14% 99.1 86.4 15% 17.5% -2.0% large	Full Year Sep 25 Sep 24 Movt 34.09 31.94 7% 26.22 23.90 10% 33.21 30.48 9% 99.1 90.8 9% 15.1% 27.0% large

		As at Sep 25
	Short-	Long-
ANZBGL credit ratings	Term	Term	Outlook
Moody's Investors Service	P-1	Aa2	Stable
S&P Global Ratings	A-1+	AA-	Stable
Fitch Ratings	F1+	AA-	Stable

GROUP RESULTS

CONTENTS	Page
Cash Profit	18
Cash Net Interest Income	19
Cash Other Operating Income	22
Cash Operating Expenses	25
Investment Spend	27
Software Capitalisation	27
Credit Risk	28
Cash Income Tax Expense	33
Impact of Foreign Currency Translation	34
Earnings Related Hedges	36
Cash Earnings Per Share	36
Dividends	37
Condensed Balance Sheet	38
Liquidity Risk	39
Funding	40
Capital Management	41
Leverage Ratio	46
Capital Management - Other Developments	47

GROUP RESULTS

Non-IFRS Information

Statutory profit is prepared in accordance with the recognition and measurement requirements of Australian Accounting Standards, which comply with IFRS. The Group provides additional measures of performance in the Results Announcement which are prepared on a basis other than in accordance with accounting standards. The guidance provided in Australian Securities and Investments Commission (ASIC) Regulatory Guide 230 has been followed when presenting this information.

Cash Profit

Cash profit, a non-IFRS measure, represents the Group’s preferred measure of the result of the core business activities of the Group, enabling readers to assess Group and divisional performance against prior periods and against peer institutions. To calculate cash profit, the Group excludes non-core items from statutory profit (refer to pages 73 to 76 for analysis of the adjustments between statutory profit and cash profit and Definitions on pages 107 to 109 for further information). The adjustments made in arriving at cash profit are included in statutory profit which is subject to audit within the context of the external auditor’s audit of the 2025 ANZGHL Annual Report. Cash profit is not subject to audit by the external auditor. A number of intangible assets were recognised as part of the Suncorp Bank acquisition accounting and the amortisation of these intangible assets is treated as a cash profit adjustment from the March 2025 half. Except for this new item, the cash profit adjustments have been determined on a consistent basis across each period presented.

This Group Results section is reported on a cash profit basis unless otherwise stated.

Statutory profit attributable to shareholders of the Company Adjustments between statutory profit and cash profit Economic hedges Revenue and expense hedges Amortisation of acquired intangible assets		Half Year
	Sep 25 $M
	2,249




	39
	(112)
	43
Total adjustments between statutory profit and cash profit	(30)	(74) -59% (104) 190 large
Cash profit	2,219	3,568 -38% 5,787 6,725 -14%

Group performance - cash profit Net interest income Other operating income	Half Year Sep 25 $M Mar 25 $M Movt 9,092 8,869 3% 1,812 2,126 -15%	Full Year
		Sep 25 $M Sep 24 $M Movt 17,961 16,069 12% 3,938 4,740 -17%
Operating income Operating expenses	10,904 10,995 -1% (7,138) (5,742) 24%	21,899 20,809 5% (12,880) (10,741) 20%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	3,766 5,253 -28% (296) (145) large	9,019 10,068 -10% (441) (406) 9%
Cash profit before income tax Income tax expense Non-controlling interests	3,470 5,108 -32% (1,231) (1,519) -19% (20) (21) -5%	8,578 9,662 -11% (2,750) (2,902) -5% (41) (35) 17%
Cash profit	2,219 3,568 -38%	5,787 6,725 -14%
Cash profit (excl. Suncorp Bank)	2,087 3,282 -36%	5,369 6,847 -22%

Cash profit/(loss) by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	Half Year Sep 25 $M Mar 25 $M Movt 343 705 -51% 647 655 -1% 1,228 1,380 -11% 817 792 3% 132 286 -54% 23 20 15% (971) (270) large	Full Year
		Sep 25 $M Sep 24 $M Movt 1,048 1,607 -35% 1,302 1,342 -3% 2,608 2,858 -9% 1,609 1,536 5% 418 (122) large 43 60 -28% (1,241) (556) large
Cash profit	2,219 3,568 -38%	5,787 6,725 -14%

GROUP RESULTS

Cash Net Interest Income

Cash Net Interest Income
Group Net interest income1 Average interest earning assets Average deposits and other borrowings Net interest margin (%)	Half Year Sep 25 $M Mar 25 $M Movt 9,092 8,869 3% 1,177,153 1,142,128 3% 984,706 956,023 3% 1.54 1.56 -2 bps	Full Year
		Sep 25 $M Sep 24 $M Movt 17,961 16,069 12% 1,159,688 1,023,616 13% 970,403 858,841 13% 1.55 1.57 -2 bps
Group (excl. Markets business unit) Net interest income Average interest earning assets Average deposits and other borrowings Net interest margin (%)	8,896 8,787 1% 784,401 778,460 1% 746,445 726,359 3% 2.26 2.26 0 bps	17,683 16,200 9% 781,439 688,011 14% 736,429 658,551 12% 2.26 2.35 -9 bps
Net interest margin by major division Australia Retail Net interest margin (%) Average interest earning assets Average deposits and other borrowings Australia Commercial2 Net interest margin (%) Average interest earning assets Average deposits and other borrowings Institutional (excl. Markets business unit) Net interest margin (%)3 Average interest earning assets Average deposits and other borrowings New Zealand Net interest margin (%) Average interest earning assets Average deposits and other borrowings Suncorp Bank Net interest margin (%) Average interest earning assets4 Average deposits and other borrowings4	Half Year Sep 25 $M Mar 25 $M Movt 1.83 1.84 -1 bps 289,766 282,858 2% 185,357 180,088 3% 2.54 2.53 1 bp 67,276 65,943 2% 119,496 120,150 -1% 2.16 2.24 -8 bps 177,471 174,548 2% 175,505 164,903 6%	Full Year
		Sep 25 $M Sep 24 $M Movt 1.83 1.91 -8 bps 286,322 273,252 5% 182,730 171,580 6% 2.53 2.59 -6 bps 66,611 64,553 3% 119,822 115,836 3% 2.20 2.38 -18 bps 176,014 162,881 8% 170,218 161,207 6% 2.60 2.57 3 bps 124,671 122,448 2% 107,486 106,084 1% 2.08 1.93 15 bps 78,694 13,011 large 63,186 10,488 large

	2.60 2.60 0 bp 126,696 122,635 3% 109,335 105,628 4% 2.05 2.12 -7 bps 79,591 77,792 2% 63,533 62,837 1%

1. Includes the major bank levy of -$231 million for the September 2025 half and -$451 million for the September 2025 full year (Mar 25 half: -$220 million; Sep 24 full year: -$389 million).

2. Australia Commercial division generates positive net interest income from surplus deposits held. Accordingly, $57.8 billion of average deposits for the September 2025 half and $59.0 billion for the September 2025 full year (Mar 25 half: $60.1 billion; Sep 24 full year: $57.6 billion) have been included within average net interest earning assets for the net interest margin calculation to align with the internal management reporting view.

3. Net interest margin for the Institutional division including the Markets business unit was 0.74% for the September 2025 half and 0.75% for the September 2025 full year (Mar 25 half: 0.76%; Sep 24 full year: 0.75%).

4. September 2024 full year was based on 2 months of balances from the date of acquisition.

GROUP RESULTS

Net interest margin - September 2025 Full Year v September 2024 Full Year

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September 2025 v September 2024

Net interest margin (-2 bps)

Assets pricing (-2 bps): driven by pricing competition in the Australia Retail, Australia Commercial and Institutional (excluding Markets business unit) divisions, partially offset by favourable home loan lending margin in the New Zealand division.
Deposits pricing (-3 bps): driven by pricing competition and impacts of lower cash rates across all divisions.
Wholesale funding (-3 bps): driven by higher wholesale funding from both higher funding volume and average spread.
Capital and replicating portfolio (+3 bps): driven by higher hedge rates, partially offset by a reduction in capital due to the completion of Suncorp Bank acquisition and share buy-back.
Assets and funding mix (-1 bps): driven by higher lending growth in the Australia Retail and Institutional (excluding Markets business unit) divisions relative to other divisions.
Group Centre liquids (+1 bps): driven by a reduction in the average liquid asset balance in the Group Centre division.
Markets activities (0 bps): average interest earning assets growth was more significant relative to the Group overall, largely offset by higher interest income due to reduced funding costs.
Suncorp Bank impact (+3 bps): positive contribution to the Group net interest margin from the acquisition of Suncorp Bank.

Average interest earning assets

Average interest earning assets increased $136.1 billion (13%) driven by:

Average net loans and advances (+88.2 billion or +13%) from Suncorp Bank acquisition and lending growth across all divisions particularly in the Australia Retail and Institutional (excluding Markets business unit) divisions.
Average trading assets and investment securities (+$32.4 billion or +20%) from higher Markets activities and the acquisition of Suncorp Bank.
Average cash and other liquid assets (+$15.4 billion or +9%) from higher reverse repurchase agreements activity and placements with central banks.

Average deposits and other borrowings

Average deposits and other borrowings increased $111.6 billion (13%) from the impact of Suncorp Bank acquisition, and growth across at-call deposits, term deposits, repurchase agreements and commercial paper.

GROUP RESULTS

Net interest margin - September 2025 Half Year v March 2025 Half Year

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September 2025 v March 2025

Net interest margin (-2 bps)

Assets pricing (-1 bps): driven by pricing competition in the Australia Retail, Australia Commercial and Institutional (excluding Markets business unit) divisions, partially offset by favourable home loan lending margin in the New Zealand division.
Deposits pricing (-3 bps): driven by impacts of lower cash rates across all divisions and pricing competition.
Wholesale funding (0 bps): largely flat with broadly stable funding volume and average spread.
Capital and replicating portfolio (+2 bps): driven by higher volumes and average hedge rates.
Assets and funding mix (0 bps): relatively stable with net neutral impact at Group level.
Group Centre liquids (+2 bps): driven by a reduction in the average liquid asset balance in the Group Centre division.
Markets activities (-2 bps): average interest earning assets growth was more significant relative to the Group. This was partially offset by higher interest income due to reduced funding costs.

Average interest earning assets

Average interest earning assets increased $35.0 billion (3%) driven by:

Average net loans and advances (+14.6 billion or +2%) from growth across all divisions, particularly in home lending.
Average trading assets and investment securities (+$15.9 billion or +8%) from higher Markets activities.
Average cash and other liquid assets (+$4.6 billion or +2%) from higher reverse repurchase agreements activity and placements with central banks.

Average deposits and other borrowings

Average deposits and other borrowings increased $28.7 billion (3%) from growth across at-call deposits, term deposits, and repurchase agreements, particularly in the Institutional division.

GROUP RESULTS

Cash Other Operating Income

Net fee and commission income1 Markets other operating income PT Panin impairment Other1	Half Year Sep 25 $M Mar 25 $M Movt 948 855 11% 870 991 -12% (285) - n/a 279 280 0%	Full Year
		Sep 25 $M Sep 24 $M Movt 1,803 1,875 -4% 1,861 2,315 -20% (285) - n/a 559 550 2%
Total	1,812 2,126 -15%	3,938 4,740 -17%
Total (excl. Suncorp Bank)	1,776 2,096 -15%	3,872 4,734 -18%

Other operating income by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	Half Year Sep 25 $M Mar 25 $M Movt 357 269 33% 153 153 0% 1,272 1,386 -8% 192 193 -1% 36 30 20% 45 44 2% (243) 51 large	Full Year
		Sep 25 $M Sep 24 $M Movt 626 664 -6% 306 342 -11% 2,658 3,148 -16% 385 399 -4% 66 6 large 89 91 -2% (192) 90 large
Total	1,812 2,126 -15%	3,938 4,740 -17%

The Markets business unit is managed on a total revenue basis, with the Net interest income and Other operating income individually not being a true reflection of overall return for the business. Markets Net interest income and Other operating income are summarised in the table below with corresponding commentaries provided on a total Markets income basis.

Markets income Net interest income2 Other operating income2	Half Year Sep 25 $M Mar 25 $M Movt 196 82 large 870 991 -12%	Full Year
		Sep 25 $M Sep 24 $M Movt 278 (131) large 1,861 2,315 -20%
Total	1,066 1,073 -1%	2,139 2,184 -2%

1. Excluding the Markets business unit.

2. Net interest income includes funding costs in the Franchise trading book, primarily on commodity assets, where the related revenue is recognised as Other operating income.

GROUP RESULTS

Other operating income - September 2025 Full Year v September 2024 Full Year

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September 2025 v September 2024

Other operating income decreased $802 million (17%). Excluding Suncorp Bank, Other operating income decreased $862 million (18%).

Net fee and commission income

Net fee and commission income decreased $72 million (4%) driven by:

$51 million decrease in the Institutional division (excluding Markets business unit) driven by lower non-lending fees in Corporate Finance.
$25 million decrease in the Australia Commercial division driven by higher customer remediation.
$18 million decrease in the Australia Retail division driven by lower insurance commission and higher customer remediation.
$16 million decrease in the New Zealand division driven by lower cards revenue.
$47 million increase from the impact of Suncorp Bank acquisition.

Markets income

Markets income decreased $45 million (2%) with a $454 million decrease in Other operating income, partially offset by a $409 million increase in Net interest income. The net $45 million decrease was attributable to the following business activities:

$90 million decrease in Derivative valuation adjustments driven by lower gains (net of hedges) from credit and funding spread movements, primarily in the September 2025 half.
$41 million decrease in Franchise Revenue driven by Commodities and Credit & Capital Markets, partially offset by Rates. Commodities revenues decreased $53 million due to a non-repeat of larger trading gains in the prior year, partially offset by gains from gold price movements arising from potential U.S. tariffs. Credit & Capital Markets revenues decreased $29 million from reduced trading gains. Rates revenues increased $41 million due to increased customer activity in both derivative hedging and repos, partially offset by more challenging trading conditions overseas.
$86 million increase in Balance Sheet revenues from higher average levels of investment securities and increased yields.

PT Panin impairment

$285 million decrease due to the impairment of PT Panin to adjust its carrying value in line with its VIU calculation in the Group Centre division.

Other

Other income increased $9 million (+2%) driven by:

$14 million increase in the Institutional (excluding Markets business unit) division driven by higher foreign exchange-related income.
$13 million increase from the impact of Suncorp Bank acquisition.
$9 million increase in the Group Centre division driven by:
$61 million increase from higher realised gains on economic hedges against foreign currency denominated revenue streams offsetting net unfavourable foreign currency translations elsewhere in the Group,
$21 million increase from a loss on disposal of investment in AMMB Holdings Berhad (AmBank) in the prior year,
$29 million decrease in share of associates’ profit/(loss) from lower equity accounted earnings following the disposal of AmBank in the prior year ($65 million), partially offset by an increase in PT Panin ($37 million),
$27 million decrease from the release of excess provision in the prior year following legal settlements, and
$7 million decrease from lower gain on recycling of foreign currency translation reserve from other comprehensive income to profit or loss on dissolution of international entities.
$20 million decrease in the Australia Retail division from lower insurance-related income.

GROUP RESULTS

September 2025 v March 2025

Other operating income decreased $314 million (15%).

Net fee and commission income

Net fee and commission income increased $93 million (11%) driven by:

$83 million increase in the Australia Retail division driven by timing of recognition of cards incentives, and lower customer remediation.
$11 million increase in the Institutional division (excluding Markets business unit) driven by higher syndication fees in Corporate Finance.

Markets income

Markets income decreased $7 million (1%) with a $121 million decrease in Other operating income, partially offset by a $114 million increase in Net interest income. The net $7 million decrease was attributable to the following business activities:

$31 million decrease in Derivative valuation adjustments driven by lower gains (net of hedges) from credit and funding spread movements.
$15 million increase in Balance Sheet revenues from higher average levels of investment securities and increased yields.
$9 million increase in Franchise Revenue driven by Rates and Foreign Exchange, partially offset by Credit and Capital Markets. Rates revenue increased $15 million as a result of sustained client activity and more favourable trading conditions in the September 2025 half. Foreign Exchange revenue increased $6 million due to increased customer activity overseas. Credit and Capital Markets revenue decreased $12 million driven by lower customer activity and trading gains.

PT Panin impairment

$285 million decrease due to the impairment of PT Panin to adjust its carrying value in line with its VIU calculation in the Group Centre division.

Other

Other income decreased $1 million driven by Group Centre division:

$15 million decrease from lower gain on recycling of foreign currency translation reserve from other comprehensive income to profit or loss on dissolution of international entities,
$21 million increase from a dividend from Bank of Tianjin in the September 2025 half.

GROUP RESULTS

Cash Operating Expenses[1]

Personnel Premises Technology Restructuring2 Other	Half Year Sep 25 $M Mar 25 $M Movt 3,443 3,312 4% 362 348 4% 1,186 1,057 12% 687 85 large 1,460 940 55%	Full Year
		Sep 25 $M Sep 24 $M Movt 6,755 6,178 9% 710 659 8% 2,243 1,915 17% 772 235 large 2,400 1,754 37%
Total	7,138 5,742 24%	12,880 10,741 20%
Total (excl. Suncorp Bank)	6,498 5,309 22%	11,807 10,553 12%

Operating expenses by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	Half Year Sep 25 $M Mar 25 $M Movt 2,234 1,781 25% 765 755 1% 1,620 1,461 11% 722 685 5% 640 433 48% 70 74 -5% 1,087 553 97%	Full Year
		Sep 25 $M Sep 24 $M Movt 4,015 3,516 14% 1,520 1,507 1% 3,081 2,875 7% 1,407 1,376 2% 1,073 188 large 144 138 4% 1,640 1,141 44%
Total	7,138 5,742 24%	12,880 10,741 20%
FTE by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	Half Year Sep 25 Mar 25 Movt 11,023 10,950 1% 3,480 3,361 4% 6,368 6,460 -1% 6,689 6,680 0% 2,671 2,791 -4% 986 1,014 -3% 11,481 11,838 -3%	Full Year
		Sep 25 Sep 24 Movt 11,023 10,832 2% 3,480 3,294 6% 6,368 6,272 2% 6,689 6,756 -1% 2,671 2,798 -5% 986 985 0% 11,481 11,433 0%
Total FTE	42,698 43,094 -1%	42,698 42,370 1%
Average FTE	43,084 42,591 1%	42,838 40,624 5%
Average FTE (excl. Suncorp Bank)	40,455 39,953 1%	40,205 40,175 0%

1. September 2025 half includes a number of significant items. Refer to page 14 for further information.

2. September 2025 half Includes $585 million of staff redundancies, $97 million of non-staff costs relating to Suncorp Bank migration, and $5 million various other small items.

GROUP RESULTS

Operating expenses - September 2025 Full Year v September 2024 Full Year

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September 2025 v September 2024

Operating expenses increased $2,139 million (20%). Excluding Suncorp Bank, Operating expenses increased $1,254 million (12%).

Personnel expenses increased $577 million (9%) driven by the impact of Suncorp Bank acquisition ($385 million) and inflationary impacts on wages, partially offset by benefits from productivity initiatives.
Premises expenses increased $51 million (8%) driven by the impact of Suncorp Bank acquisition ($49 million).
Technology expenses increased $328 million (17%) driven by the impact of Suncorp Bank acquisition ($162 million), accelerated software amortisation and impairment on certain technology assets, higher software licence costs and inflationary impacts on vendor costs. This was partially offset by benefits from technology simplification.
Restructuring expenses increased $537 million driven by operating model changes to drive a cost reset across the Group, and Suncorp Bank migration ($97 million).
Other expenses increased $646 million (37%) driven by the impact of Suncorp Bank acquisition ($119 million), ASIC settlement ($271 million), Cashrewards goodwill impairment ($78 million), other legal matters and higher investment spend.
September 2025 v March 2025

Operating expenses increased $1,396 million (24%).

Personnel expenses increased $131 million (4%) driven by higher resources associated with strategic initiatives and customer remediation.
Technology expenses increased $129 million (12%) driven by accelerated software amortisation and impairment on certain technology assets, higher software licence costs, and inflationary impacts on vendor costs.
Restructuring expenses increased $602 million driven by operating model changes to drive a cost reset across the Group, and Suncorp Bank migration ($97 million).
Other expenses increased $520 million largely driven by ASIC settlement ($271 million), Cashrewards goodwill impairment ($78 million), and investment spend seasonality.

GROUP RESULTS

Investment Spend

Investment expensed Investment capitalised		Half Year	Half Year
	Sep 25 $M
	777
	144
Total investment spend	921	770	20% 1,691 1,543 10%
Total investment spend (excl. Suncorp Bank)	886	734	21% 1,620 1,529 6%
Investment spend by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre		Half Year
	Sep 25 $M
	244
	54
	126
	83
	35
	1
	378
Total investment spend	921	770 20% 1,691 1,543 10%

Software Capitalisation

Capitalised software comprises all costs incurred to develop and acquire software. These costs are capitalised as intangible assets and amortised over the expected useful lives. Details are presented in the table below:

Balance at start of period Software capitalised during the period1 Amortisation during the period2 Software impaired/written-off Foreign currency translation	Half Year Sep 25 $M Mar 25 $M Movt 1,001 1,020 -2% 238 159 50% (200) (148) 35% (40) (30) 33% (1) - n/a	Full Year
		Sep 25 $M Sep 24 $M Movt 1,020 919 11% 397 434 -9% (348) (324) 7% (70) (9) large (1) - n/a
Total capitalised software	998 1,001 0%	998 1,020 -2%
Capitalised software by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Group Centre	Half Year Sep 25 $M Mar 25 $M Movt 131 128 2% 19 22 -14% 518 490 6% 24 21 14% 35 53 -34% 271 287 -6%	Full Year
		Sep 25 $M Sep 24 $M Movt 131 126 4% 19 133 -86% 518 475 9% 24 18 33% 35 64 -45% 271 204 33%
Total capitalised software	998 1,001 0%	998 1,020 -2%

1. Includes $103 million from the acquisition of Suncorp Bank for the September 2024 half.

2. Includes $36 million accelerated amortisation expense from Suncorp Bank on alignment to the Group’s software capitalisation policy for the September 2024 half.

GROUP RESULTS

Credit Risk

The Group’s assessment of expected credit losses (ECL) from its credit portfolio is subject to judgements and estimates made by management based on a variety of internal and external information, as well as the Group’s experience of the performance of the portfolio under a variety of conditions. Refer to Note 5 Allowance for expected credit losses for further information.

Credit impairment charge/(release)

Credit impairment charge/(release)
Collectively assessed credit impairment charge/(release) Individually assessed credit impairment charge/(release) New and increased provisions (net of releases) Write-backs Recoveries of amounts previously written-off	Half Year Sep 25 $M Mar 25 $M Movt 128 (14) large 168 159 6% 295 301 -2% (71) (69) 3% (56) (73) -23%	Full Year
		Sep 25 $M Sep 24 $M Movt 114 262 -56% 327 144 large 596 465 28% (140) (184) -24% (129) (137) -6%
Total credit impairment charge/(release)	296 145 large	441 406 9%
Total credit impairment charge/(release) (excl. Suncorp Bank)	271 134 large	405 163 large

Credit impairment charge/(release) by division

Credit impairment charge/(release) by division
Collectively assessed Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	Half Year Sep 25 $M Mar 25 $M Movt 170 16 large (16) (9) 78% (23) 11 large (22) (25) -12% 16 (3) large 1 (2) large 2 (2) large	Full Year Sep 25 $M Sep 24 $M Movt 186 (29) large (25) 8 large (12) 57 large (47) (14) large 13 244 -95% (1) (6) -83% - 2 -100%
Total collectively assessed	128 (14) large	114 262 -56%
Individually assessed Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	56 47 19% 68 59 15% 26 17 53% 7 21 -67% 9 14 -36% (2) (1) 100% 4 2 100%	103 100 3% 127 72 76% 43 (67) large 28 42 -33% 23 (1) large (3) (2) 50% 6 - n/a
Total individually assessed	168 159 6%	327 144 large
Total credit impairment charge/(release) Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	226 63 large 52 50 4% 3 28 -89% (15) (4) large 25 11 large (1) (3) -67% 6 - n/a	289 71 large 102 80 28% 31 (10) large (19) 28 large 36 243 -85% (4) (8) -50% 6 2 large
Total credit impairment charge/(release)	296 145 large	441 406 9%

GROUP RESULTS

Collectively assessed credit impairment charge/(release)

September 2025 v September 2024

The collectively assessed impairment charge of $114 million for the September 2025 full year was driven by methodology changes to uplift ECL modelled outcomes mainly in the Australian home loan portfolio, deterioration in credit risk profile, and portfolio growth. This was partially offset by a reduction in management temporary adjustments and an improvement in economic outlook.

The collectively assessed impairment charge of $262 million for the September 2024 full year was driven by deterioration in credit risk profile across all divisions, the acquisition accounting adjustment in respect of acquired Suncorp Bank performing loans and advances, and portfolio growth. This was partially offset by a reduction in management temporary adjustments as anticipated risks are now represented in the portfolio credit profiles, and an improvement in economic outlook.

September 2025 v March 2025

The collectively assessed impairment charge of $128 million for the September 2025 half was driven by methodology changes to uplift ECL modelled outcomes mainly in the Australian home loan portfolio, and deterioration in credit risk profile. This was largely offset by improvement in portfolio composition, reduction in management temporary adjustments and improvement in economic outlook.

The collectively assessed impairment release of $14 million for the March 2025 half was driven by a revision to modelling assumptions for the severe scenario and a small improvement in base case economic assumptions. This was partially offset by deterioration in credit risk profile particularly in the Institutional and Australia Commercial divisions, portfolio growth, and a net increase in management temporary adjustments for increased uncertainty and economic volatility.

Individually assessed credit impairment charge/(release)

September 2025 v September 2024

The individually assessed credit impairment charge increased $183 million driven by the Institutional division ($110 million) due to higher impairments on several single name customers and lower write-backs and recoveries, the Australia Commercial division ($55 million) due to impairment flows in the SME Banking and Agri portfolios, and the Suncorp Bank division ($24 million) due to new impairments in the commercial property portfolio.

 September 2025 v March 2025

The individually assessed credit impairment charge increased $9 million driven by the Australia Retail division ($9 million) due to lower recoveries in the unsecured portfolio, the Institutional division ($9 million) due to higher impairments on several single name customers and lower write-backs and recoveries, and the Australia Commercial division ($8 million) due to impairment flows in the SME Banking and Agri portfolios. This was partially offset by a decrease in the New Zealand division ($14 million) due to higher write-backs and recoveries.

Allowance for expected credit losses Collectively assessed allowance for ECL Individually assessed allowance for ECL	As at Sep 25 $M Mar 25 $M Sep 24 $M 4,379 4,280 4,247 399 364 308	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 2% 3% 10% 30%
Total allowance for ECL	4,778 4,644 4,555	3% 5%
Net loans and advances at amortised cost Off-balance sheet commitments - undrawn and contingent Investment securities - debt securities at amortised cost	3,874 3,761 3,675 870 852 846 34 31 34	3% 5% 2% 3% 10% 0%
Total allowance for ECL	4,778 4,644 4,555	3% 5%

GROUP RESULTS

Allowance for expected credit losses by division[1]

Collectively assessed Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	As at Sep 25 $M Mar 25 $M Sep 24 $M 1,111 942 925 1,024 1,040 1,049 1,447 1,491 1,438 470 507 539 280 254 248 45 45 45 2 1 3	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 18% 20% -2% -2% -3% 1% -7% -13% 10% 13% 0% 0% large -33%
Total collectively assessed	4,379 4,280 4,247	2% 3%
Individually assessed Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	47 52 54 151 139 133 128 96 58 45 52 51 19 14 - 9 11 12 - - -	-10% -13% 9% 14% 33% large -13% -12% 36% n/a -18% -25% n/a n/a
Total individually assessed	399 364 308	10% 30%
Allowance for ECL Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	1,158 994 979 1,175 1,179 1,182 1,575 1,587 1,496 515 559 590 299 268 248 54 56 57 2 1 3	16% 18% 0% -1% -1% 5% -8% -13% 12% 21% -4% -5% large -33%
Total allowance for ECL	4,778 4,644 4,555	3% 5%

1. Includes allowance for ECL for Net loans and advances - at amortised cost, Investment securities - debt securities at amortised cost and Off-balance sheet commitments - undrawn and contingent facilities. For Investment securities - debt securities at FVOCI, the allowance for ECL is recognised in Other comprehensive income with a corresponding charge to profit or loss.

Allowance for expected credit losses

September 2025 v September 2024

The allowance for ECL increased $223 million (5%) driven by a $132 million increase in collectively assessed allowance for ECL, and a $91 million increase in the individually assessed allowance for ECL.

The increase in collectively assessed allowance for ECL was driven by methodology changes to uplift ECL modelled outcomes mainly in the Australian home loan portfolio ($380 million), deterioration in credit risk profile ($92 million), portfolio growth ($4 million) and the impact of foreign currency translation ($18 million). This was partially offset by reduction in management temporary adjustments ($215 million) and improvement in economic outlook ($147 million) from a revision to modelling assumptions for the downside and severe scenarios and improvement in base case economic assumptions.

The increase in individually assessed allowance for ECL was driven by increases across the Institutional division ($70 million) due to higher impairments on several single name customers and lower write-backs, the Suncorp Bank division ($19 million) due to new impairment in the commercial property portfolio, and the Australia Commercial division ($18 million) due to impairment flows in the SME Banking and Agri portfolios.

September 2025 v March 2025

The allowance for ECL increased $134 million (3%) driven by a $99 million increase in collectively assessed allowance for ECL and a $35 million increase in individually assessed allowance for ECL.

The increase in collectively assessed allowance for ECL was driven by methodology changes to uplift ECL modelled outcomes mainly in the Australian home loan portfolio ($380 million) and deterioration in credit risk profile ($42 million). This was partially offset by reduction in management temporary adjustments ($229 million), improvement in economic outlook ($52 million) from a revision to modelling assumptions for the downside and severe scenarios and improvement in base case economic assumptions, improvement in portfolio composition ($13 million), and reduction from foreign currency translation ($29 million).

The increase in individually assessed allowance for ECL was driven by an increase in the Institutional division ($32 million) due to higher impairments on several single name customers and lower write-backs, and the Australia Commercial division ($12 million) due to due to higher impairments in the SME Banking and Agri portfolios.

GROUP RESULTS

Non-Performing Credit Exposures

Non-Performing Credit Exposures
Impaired loans1 Restructured items2 Non-performing commitments, contingencies and derivatives1	As at Sep 25 $M Mar 25 $M Sep 24 $M 1,058 1,020 881 1,393 1,152 786 87 80 26	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 4% 20% 21% 77% 9% large
Gross impaired assets Non-performing credit exposures not impaired1	2,538 2,252 1,693 5,904 6,082 5,787	13% 50% -3% 2%
Total non-performing credit exposures3	8,442 8,334 7,480	1% 13%
Gross impaired assets by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific	1,438 1,204 870 385 386 291 380 319 284 151 195 158 162 123 66 22 25 24	19% 65% 0% 32% 19% 34% -23% -4% 32% large -12% -8%
Gross impaired assets	2,538 2,252 1,693	13% 50%
Gross impaired assets by size of exposure Less than $10 million $10 million to $100 million Greater than $100 million	2,011 1,763 1,422 527 489 271 - - -	14% 41% 8% 94% n/a n/a
Gross impaired assets	2,538 2,252 1,693	13% 50%
Individually assessed provisions Impaired loans Non-performing commitments, contingencies and derivatives	(362) (346) (303) (37) (18) (5)	5% 19% large large
Net impaired assets	2,139 1,888 1,385	13% 54%

1. Impaired loans and non-performing commitments, contingencies and derivatives do not include exposures that are collectively assessed for Stage 3 ECL, which comprise unsecured retail exposures of 90+ days past due and defaulted but well secured wholesale and retail exposures. These collectively assessed exposures are included in Non-performing credit exposures not impaired.

2. Restructured items are facilities where the original contractual terms have been modified for reasons related to the financial difficulties of the customer and are collectively assessed for Stage 3 ECL. Restructuring may consist of reduction of interest, principal or other payments legally due, or an extension in maturity materially beyond those typically offered to new facilities with similar risk. Upon restructuring, an exposure's delinquency status may be re-aged where certain conditions are met.

3. Non-performing credit exposures are aligned with the definition in APS220 Credit Risk Management.

 September 2025 v September 2024

Gross impaired assets increased $845 million (50%) driven by increases in the Australia Retail division ($568 million) due to restructured home loan facilities, the Institutional division ($96 million) due to several single name customers, the Suncorp Bank division ($96 million) due to new impairments in the commercial property and home loan portfolio, and the Australia Commercial division ($94 million) mainly due to a new single name impairment in the Agri portfolio.

Non-performing credit exposures not impaired increased $117 million (2%) driven by defaults on well-secured home loans in the Australia Retail and New Zealand divisions.

September 2025 v March 2025

Gross impaired assets increased $286 million (13%) driven by increases in the Australia Retail division ($234 million) due to restructured home loan facilities, the Institutional division ($61 million) due to the several single name customers, and the Suncorp Bank division ($39 million) due to new impairments in the commercial property and home loan portfolios. This was partially offset by the New Zealand division ($44 million) due to reductions in the business portfolio.

Non-performing credit exposures not impaired decreased $178 million (3%) driven by repayment, curing and downgrade of single name customers in the Institutional division, and curing of well-secured home loans in the New Zealand division. This was partially offset by defaults on well-secured home loans in the Australia Retail division.

The Group’s individually assessed provision coverage ratio on gross impaired assets was 15.7% at 30 September 2025 (Mar 25: 16.2%: Sep 24: 18.2%). The decrease in ratio was driven by increase in well-secured gross impaired assets relative to the increase in individually assessed allowance for ECL.

GROUP RESULTS

New Impaired Assets

New Impaired Assets
Impaired loans1 Restructured items2 Non-performing commitments and contingencies1	Half Year Sep 25 $M Mar 25 $M Movt 474 621 -24% 623 554 12% 16 79 -80%	Full Year
		Sep 25 $M Sep 24 $M Movt 1,095 857 28% 1,177 599 96% 95 33 large
Total new impaired assets	1,113 1,254 -11%	2,367 1,489 59%
New impaired assets by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific	724 654 11% 133 223 -40% 80 154 -48% 117 140 -16% 56 78 -28% 3 5 -40%	1,378 777 77% 356 254 40% 234 239 -2% 257 203 27% 134 2 large 8 14 -43%
Total new impaired assets	1,113 1,254 -11%	2,367 1,489 59%

1. Impaired loans and non-performing commitments and contingencies do not include exposures that are collectively assessed for Stage 3 ECL, which comprise unsecured retail exposures of 90+ days past due and defaulted but well secured exposures.

2. Restructured items are facilities where the original contractual terms have been modified for reasons related to the financial difficulties of the customer and are collectively assessed for Stage 3 ECL. Restructuring may consist of reduction of interest, principal or other payments legally due, or an extension in maturity materially beyond those typically offered to new facilities with similar risk. Upon restructuring, an exposure’s delinquency status may be re-aged where certain conditions are met.

 September 2025 v September 2024

New impaired assets increased $878 million (59%) driven by the Australia Retail division ($601 million) due to higher new impairment flows from restructured home loan facilities, the Suncorp Bank division ($132 million) due to new impairments in the commercial property and home loan portfolio, the Australia Commercial division ($102 million) due to a new single name impairment in the Agri portfolio, and the New Zealand division ($54 million) due to credit deterioration primarily across the home loan and commercial portfolios.

 September 2025 v March 2025

New impaired assets decreased $141 million (11%) driven by decreases across the Australia Commercial ($90 million), Institutional ($74 million), New Zealand ($23 million), and Suncorp Bank ($22 million) divisions due to significantly lower impairment flows compared to the March 2025 half. This was partially offset by an increase in the Australia Retail division ($70 million) due to higher new impairment flows from restructured home loan facilities.

Ageing analysis of net loans and advances that are past due but not impaired

1-29 days 30-59 days 60-89 days 90+ days	As at Sep 25 $M Mar 25 $M Sep 24 $M 7,031 8,176 7,746 1,745 2,509 2,095 1,244 1,281 1,368 4,449 4,556 4,173	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -14% -9% -30% -17% -3% -9% -2% 7%
Total	14,469 16,522 15,382	-12% -6%

September 2025 v September 2024

Net loans and advances past due but not impaired decreased $913 million (6%) across the 1-29 days, 30-59 days, and 60-89 days ageing categories driven by decreases in the Australia Retail and New Zealand divisions due to improving delinquency rates in the home loan portfolio, and the Australia Commercial division driven by improving delinquency rates in the SME Banking portfolio.

 September 2025 v March 2025

Net loans and advances past due but not impaired decreased $2,053 million (12%) across all ageing categories driven by decreases in the Australia Retail and New Zealand divisions due to improving delinquency rates in the home loan portfolio, and the Australia Commercial division driven by improving delinquency rates in the SME Banking portfolio.

GROUP RESULTS

Cash Income Tax Expense

Cash profit before income tax Prima facie income tax expense at 30% Tax effect of permanent differences: Share of associates' (profit)/loss Interest on convertible instruments Overseas tax rate differential Provision for foreign tax on dividend repatriation Non-deductible ASIC penalties PT Panin impairment Cashrewards goodwill impairment Other		Half Year
	Sep 25 $M
	3,470
	1,041

	(12)
	47
	(76)
	22
	72
	86
	23
	37
Subtotal Income tax (over)/under provided in previous years	1,240	1,519 -18% 2,759 2,882 -4% - n/a (9) 20 large
	(9)
Income tax expense from cash profit	1,231	1,519 -19% 2,750 2,902 -5%
Australia Overseas	540	795 -32% 1,335 1,488 -10% 724 -5% 1,415 1,414 0%
	691
Income tax expense from cash profit	1,231	1,519 -19% 2,750 2,902 -5%
Effective tax rate	35.5%	29.7% 32.1% 30.0%

 September 2025 v September 2024

The effective tax rate increased from 30.0% to 32.1%. The increase of 210 bps was driven by PT Panin impairment (100 bps), non-deductible ASIC penalties (84 bps), Cashrewards goodwill impairment (27 bps), lower equity accounted earnings (6 bps), and various other small items (44 bps). This was partially offset by impact from prior period adjustments (31 bps), higher offshore earnings that attract a lower average tax rate (14 bps) and lower non-deductible interest on convertible instruments (6 bps).

 September 2025 v March 2025

The effective tax rate increased from 29.7% to 35.5%. The increase of 580 bps was driven by PT Panin impairment (248 bps), non-deductible ASIC penalties (207 bps), Cashrewards goodwill impairment (66 bps), higher withholding tax expense on foreign dividends (42 bps), lower non-deductible interest on convertible instruments (22 bps), and various other small items (96 bps). This was partially offset by higher offshore earnings that attract a lower average tax rate (62 bps), impact from prior period adjustments (26 bps) and higher contribution of equity accounted earnings (13 bps).

GROUP RESULTS

Impact of Foreign Currency Translation

The following tables present the Group’s comparative cash profit results, net loans and advances and customer deposits neutralised for the impact of foreign currency translation. Comparative data has been adjusted to remove the translation impact of foreign currency movements by retranslating prior period comparatives at current period foreign exchange rates.

September 2025 Full Year v September 2024 Full Year

September 2025 Full Year v September 2024 Full Year
Net interest income Other operating income	Full	Year
	Actual FX unadjusted
	Sep 25 $M Sep 24 $M 17,961 16,069 3,938 4,740	Sep 24 $M Sep 24 $M Sep 25 v. Sep 24 Sep 25 v. Sep 24 (19) 16,050 12% 12% 70 4,810 -17% -18%
Operating income Operating expenses	21,899 20,809 (12,880) (10,741)	51 20,860 5% 5% (1) (10,742) 20% 20%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	9,019 10,068 (441) (406)	50 10,118 -10% -11% 1 (405) 9% 9%
Cash profit before income tax Income tax expense Non-controlling interests	8,578 9,662 (2,750) (2,902) (41) (35)	51 9,713 -11% -12% (12) (2,914) -5% -6% - (35) 17% 17%
Cash profit	5,787 6,725	39 6,764 -14% -14%
Cash profit/(loss) by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	1,048 1,607 1,302 1,342 2,608 2,858 1,609 1,536 418 (122) 43 60 (1,241) (556)	- 1,607 -35% -35% - 1,342 -3% -3% 13 2,871 -9% -9% (19) 1,517 5% 6% - (122) large large 1 61 -28% -30% 44 (512) large large
Cash profit	5,787 6,725	39 6,764 -14% -14%
Net loans and advances by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	348,829 332,501 67,174 65,025 216,145 210,464 122,925 123,504 73,214 70,871 1,698 1,665 (529) (648)	- 332,501 5% 5% - 65,025 3% 3% 2,737 213,201 3% 1% (5,431) 118,073 0% 4% - 70,871 3% 3% 29 1,694 2% 0% - (648) -18% -18%
Net loans and advances	829,456 803,382	(2,665) 800,717 3% 4%
Customer deposits by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	186,546 176,813 118,941 116,273 282,226 264,414 101,568 100,907 56,242 54,715 3,733 3,565 (1,199) (1,476)	- 176,813 6% 6% - 116,273 2% 2% 4,977 269,391 7% 5% (4,437) 96,470 1% 5% - 54,715 3% 3% 70 3,635 5% 3% - (1,476) -19% -19%
Customer deposits	748,057 715,211	610 715,821 5% 5%

GROUP RESULTS

September 2025 Half Year v March 2025 Half Year

September 2025 Half Year v March 2025 Half Year
Net interest income Other operating income	Half Year Actual FX unadjusted FX impact FX adjusted	Movement
		FX unadjusted FX adjusted
	Sep 25 $M Mar 25 $M Mar 25 $M Mar 25 $M 9,092 8,869 13 8,882 1,812 2,126 (19) 2,107	Sep 25 v. Mar 25 Sep 25 v. Mar 25 3% 2% -15% -14%
Operating income Operating expenses	10,904 10,995 (6) 10,989 (7,138) (5,742) 2 (5,740)	-1% -1% 24% 24%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	3,766 5,253 (4) 5,249 (296) (145) (2) (147)	-28% -28% large large
Cash profit before income tax Income tax expense Non-controlling interests	3,470 5,108 (6) 5,102 (1,231) (1,519) 4 (1,515) (20) (21) - (21)	-32% -32% -19% -19% -5% -5%
Cash profit	2,219 3,568 (2) 3,566	-38% -38%
Cash profit/(loss) by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	343 705 - 705 647 655 - 655 1,228 1,380 (3) 1,377 817 792 9 801 132 286 - 286 23 20 - 20 (971) (270) (8) (278)	-51% -51% -1% -1% -11% -11% 3% 2% -54% -54% 15% 15% large large
Cash profit	2,219 3,568 (2) 3,566	-38% -38%
Net loans and advances by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	348,829 340,953 - 340,953 67,174 65,995 - 65,995 216,145 216,581 (3,702) 212,879 122,925 124,052 (4,174) 119,878 73,214 71,517 - 71,517 1,698 1,749 (54) 1,695 (529) (645) - (645)	2% 2% 2% 2% 0% 2% -1% 3% 2% 2% -3% 0% -18% -18%
Net loans and advances	829,456 820,202 (7,930) 812,272	1% 2%
Customer deposits by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	186,546 183,357 - 183,357 118,941 119,388 - 119,388 282,226 292,530 (8,324) 284,206 101,568 103,260 (3,474) 99,786 56,242 55,586 - 55,586 3,733 3,718 (110) 3,608 (1,199) (1,275) - (1,275)	2% 2% 0% 0% -4% -1% -2% 2% 1% 1% 0% 3% -6% -6%
Customer deposits	748,057 756,564 (11,908) 744,656	-1% 0%

GROUP RESULTS

Earnings Related Hedges

Where it is considered appropriate, the Group takes out economic hedges against larger foreign exchange denominated revenue streams (primarily New Zealand Dollar and US Dollar). New Zealand Dollar exposure relates to the New Zealand geography and US Dollar exposures relate to Rest of World geography. Details of these hedges are set out below.

NZD Economic hedges Net open NZD position (notional principal)1,2 Amount taken to income (pre-tax statutory basis)3 Amount taken to income (pre-tax cash basis)4	Half Year Full Year
	Sep 25 $M Mar 25 $M Sep 25 $M Sep 24 $M 3,178 3,107 3,178 3,132 98 33 131 (4) (3) 17 14 (45)
USD Economic hedges Net open USD position (notional principal)1,2 Amount taken to income (pre-tax statutory basis)3 Amount taken to income (pre-tax cash basis)4	1,175 1,119 1,175 1,006 54 (94) (40) 57 (10) (13) (23) (17)

1. Value in AUD at contracted rate.

2. The following hedges were in place to partially hedge future earnings against adverse movements in exchange rates, at a NZD forward rate of NZD 1.09 /AUD as at 30 September 2025 (Mar 25: NZD 1.09/AUD; Sep 24: NZD 1.09/AUD), and a USD forward rate of USD 0.65/AUD as at 30 September 2025 (Mar 25: USD 0.65/AUD; Sep 24: USD 0.66/AUD).

	*Half*	*Year*	*Full*	*Year*
	*Sep 25*	*Mar 25*	*Sep 25*	*Sep 24*
*NZD Economic Hedges*
At period end (NZD billion)	3.5	3.4	3.5	3.4
Matured during the period (NZD billion)	1.3	1.5	2.8	2.9
*USD Economic Hedges*
At period end (USD billion)	0.8	0.7	0.8	0.7
Matured during the period (USD billion)	0.2	0.2	0.4	0.4

3. Unrealised valuation movement plus realised revenue from matured or closed out hedges.

4. Realised revenue from closed out hedges.

An unrealised gain on the outstanding NZD and USD economic hedges of $165 million for the September 2025 half and $100 million for the September 2025 full year (Mar 25 half: $65 million loss; Sep 24 full year: $115 million gain) was recorded in statutory profit. This unrealised gain is treated as an adjustment to statutory profit in determining cash profit (included within revenue and expense hedge adjustments) as these are hedges of future NZD and USD revenues.

Cash Earnings Per Share

Cash Earnings Per Share
Cash earnings per share (cents) Basic Diluted Cash weighted average number of ordinary shares (M) Basic Diluted Cash profit ($M) Cash profit used in calculating diluted cash earnings per share ($M)	Half Year Sep 25 Mar 25 Movt 74.6 120.1 -38% 74.4 117.0 -36% 2,973.3 2,971.9 0% 2,981.7 3,217.7 -7% 2,219 3,568 -38% 2,219 3,766 -41%	Full Year
		Sep 25 Sep 24 Movt 194.7 224.3 -13% 193.2 220.9 -13% 2,972.6 2,998.4 -1% 3,179.9 3,234.0 -2% 5,787 6,725 -14% 6,144 7,145 -14%

GROUP RESULTS

Dividends

Dividend per ordinary share (cents) Interim - partially franked1,2 Final - partially franked3,4	Half Year Sep 25 Mar 25 Movt - 83 83 -	Full Year
		Sep 25 Sep 24 Movt 83 83 83 83
Total	83 83 0%	166 166 0%
Ordinary share dividends used in payout ratio ($M)5,6 Cash profit ($M) Ordinary share dividend payout ratio (cash profit basis)6,7	2,476 2,466 0% 2,219 3,568 -38% 111.6% 69.1%	4,942 4,968 -1% 5,787 6,725 -14% 85.4% 73.9%

2024 interim dividend was partially franked at 65% for Australian tax purposes (30% tax rate) and carried New Zealand imputation credits of NZD 12 cents.
2025 interim dividend was partially franked at 70% for Australian tax purposes (30% tax rate) and carried New Zealand imputation credits of NZD 12 cents.
2024 final dividend was partially franked at 70% for Australian tax purposes (30% tax rate) and carried New Zealand imputation credits of NZD 12 cents.
Proposed 2025 final dividend will be partially franked at 70% for Australian tax purposes (30% tax rate) and carry New Zealand imputation credits of NZD 13 cents.
Dividend paid to ordinary equity holders of the Company. Excludes dividends paid by subsidiaries to the Group’s non-controlling equity holders of $38 million for the September 2025 half and $58 million for the September 2025 full year (Mar 25: $20 million; Sep 24 full year: $32 million).
Dividend payout ratio is calculated using the proposed 2025 final dividend of $2,476 million, based on the forecast number of ordinary shares on issue at the dividend record date. Dividend payout ratios for the March 2025 half and the September 2024 full year were calculated using actual dividends.
Excluding the significant items, the dividend payout ratio for the September 2025 half and the September 2025 full year would have been 74.4% and 71.7% respectively.

The Directors proposed a 2025 final dividend of 83 cents be paid on each eligible fully paid ANZ ordinary share, partially franked at 70% for Australian taxation purposes. The 2025 final dividend is intended to be paid on 19 December 2025 to holders of ANZ ordinary shares on the share register at the close of business on 14 November 2025 (record date), and carry New Zealand imputation credits of NZD 13 cents per ordinary share.

Eligible shareholders can elect to reinvest their dividend entitlement into ANZ ordinary shares under the Company’s dividend reinvestment plan (DRP). Eligible shareholders can elect to forgo their dividend entitlement and instead receive ANZ ordinary shares under the Company’s bonus option plan (BOP). For the proposed 2025 final dividend, ANZ intends that the DRP and BOP participation will be satisfied by an issue of new ANZ ordinary shares. A 1.5% discount will be applied to the DRP and BOP price.

GROUP RESULTS

Condensed Balance Sheet

Condensed Balance Sheet
Assets Cash / Settlement balances owed to ANZ / Collateral paid Trading assets and investment securities Derivative financial instruments Net loans and advances Other		As at Mar 25 $B Sep 24 $B 212.5 166.6 201.1 186.3 49.6 54.4 820.2 803.4 19.2 18.4	Movement
	Sep 25 $B		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -11% 13% 6% 15% -4% -13% 1% 3% -7% -3%
	188.4
	213.9
	47.5
	829.5
	17.8
Total assets	1,297.1	1,302.6 1,229.1	0% 6%
Liabilities Settlement balances owed by ANZ / Collateral received Deposits and other borrowings Derivative financial instruments Debt issuances Other		26.2 22.8 972.2 903.6 44.3 55.3 169.6 156.4 18.0 20.4	47% 69% -2% 6% -1% -21% 0% 8% 2% -10%
	38.5
	955.1
	43.9
	169.3
	18.4
Total liabilities	1,225.2	1,230.3 1,158.5	0% 6%
Total shareholders' equity1	71.9	72.3 70.6	-1% 2%

1. Following the commencement of a $2.0 billion on-market share buy-back on 3 July 2024, total shareholders' equity as at 30 September 2025 included reduction in ordinary share capital of $6 million (Mar 25: $285 million; Sep 24: $883 million). The Group ceased the remaining $826 million share buy-back on 13 October 2025.

September 2025 v September 2024
Cash / Settlement balances owed to ANZ / Collateral paid increased $21.8 billion (13%) driven by increases in settlement balances owed to ANZ ($17.9 billion), short-dated reverse repurchase agreements ($12.1 billion), and the impact of foreign currency translation, partially offset by lower balances with central banks ($9.6 billion).
Trading assets and investment securities increased $27.6 billion (15%) driven by increases in government and semi-government bonds and treasury bills, increase in commodity assets, and the impact of foreign currency translation.
Derivative financial assets and liabilities decreased $6.9 billion (13%) and $11.4 billion (21%) respectively driven by market movements, primarily the depreciation of the NZD and AUD against USD.
Net loans and advances increased $26.1 billion (3%) driven by increases across the Australia Retail ($16.3 billion), New Zealand ($4.9 billion) and Suncorp Bank ($2.4 billion) divisions due to home loan growth, and the Institutional division ($2.9 billion) due to higher core lending volumes, partially offset by the impact of foreign currency translation.
Settlement balances owed by ANZ / Collateral received increased $15.7 billion (69%) driven by increases in cash clearing accounts.
Deposits and other borrowings increased $51.5 billion (6%) driven by higher customer deposits across the Institutional ($12.8 billion), Australia Retail ($9.7 billion), New Zealand ($5.1 billion) and Australia Commercial ($2.7 billion) divisions, increases in deposits from banks and repurchase agreements ($11.2 billion), certificates of deposit ($3.2 billion), commercial paper ($1.9 billion), and the impact of foreign currency translation.
Debt issuances increased $12.9 billion (8%) driven by the issue of new senior and subordinated debt, partially offset by the redemption of ANZ Capital Notes 5.
September 2025 v March 2025
Cash / Settlement balances owed to ANZ / Collateral paid decreased $24.1 billion (11%) driven by decreases in balances with central banks ($30.8 billion), short-dated reverse repurchase agreements ($8.0 billion) and the impact of foreign currency translation, partially offset by higher settlement balances owed to ANZ ($17.2 billion) and higher overnight interbank deposits ($3.0 billion).
Trading assets and investment securities increased $12.8 billion (6%) driven by increases in government and semi-government bonds and treasury bills, and an increase in commodity assets, partially offset by the impact of foreign currency translation.
Net loans and advances increased $9.3 billion (1%) driven by increases across the Australia Retail ($7.9 billion), New Zealand ($3.0 billion) and Suncorp Bank ($1.7 billion) divisions due to home loan growth, and the Institutional division ($3.3 billion) due to higher core lending volumes, partially offset by the impact of foreign currency translation.
Settlement balances owed by ANZ / Collateral received increased $12.3 billion (47%) driven by increases in cash clearing accounts.
Deposits and other borrowings decreased $17.1 billion (2%) driven by a decrease in commercial paper ($12.4 billion), lower customer deposits in the Institutional division ($2.0 billion) and the impact of foreign currency translation. This was partially offset by higher certificates of deposit ($6.6 billion), and increases in customer deposits across the Australia Retail ($3.2 billion) and New Zealand ($1.8 billion) divisions.

GROUP RESULTS

Liquidity Risk

Liquidity risk is the risk that the Group is unable to meet its payment obligations as they fall due, including repaying depositors or maturing wholesale debt, or that the Group has insufficient capacity to fund increases in assets. The timing mismatch of cash flows and the related liquidity risk is inherent in all banking operations and is closely monitored by the Group and managed in accordance with the risk appetite set by the relevant Boards.

The Group operates under a non-operating holding company (NOHC) structure whereby:

ANZBGL operates its own liquidity and funding program, governance frameworks and reporting regime reflecting its authorised deposit-taking institution (ADI) operations;
ANZGHL (parent entity) has no material liquidity risk given the structure and nature of the balance sheet; and
ANZ Non-Bank Group is not expected to have separate funding arrangements and will rely on ANZGHL for funding.

Furthermore, a separate liquidity policy has been established for ANZGHL and ANZBGL to reflect the differing nature of liquidity risk inherent in each business model. The Group will ensure that ANZGHL and ANZ Non-Bank Group holds sufficient cash reserves to meet operating and financing requirements.

ANZBGL Group’s approach to liquidity risk management incorporates two key components:

Scenario modelling of funding sources
ANZBGL Group’s liquidity risk appetite is defined by the ability to meet a range of regulatory requirements and internal liquidity metrics mandated by the ANZBGL Board. The metrics cover a range of scenarios of varying duration and level of severity. The objective of this framework is to:
Provide protection against shorter term extreme market dislocation and stress.
Maintain structural strength in the balance sheet by ensuring that an appropriate amount of longer-term assets are funded with longer-term funding.
Ensure that no undue timing concentrations exist in the Group’s funding profile.

Key components of this framework include the Liquidity Coverage Ratio (LCR), which is a severe short term liquidity stress scenario, the Net Stable Funding Ratio (NSFR), a longer-term structural liquidity measure (both of which are mandated by banking regulators including APRA), and internallydeveloped liquidity scenarios for stress-testing purposes.

Liquid assets

ANZBGL Group holds a portfolio of high-quality unencumbered liquid assets in order to protect ANZBGL Group’s liquidity position in a severely stressed environment, as well as to meet regulatory requirements. High Quality Liquid Assets comprise three categories, with the definitions consistent with Basel 3 LCR:

Highest-quality liquid assets (HQLA1): Cash, highest credit quality government, central bank or public sector securities eligible for repurchase with central banks to provide same-day liquidity.
High-quality liquid assets (HQLA2): High credit quality government, central bank or public sector securities, high quality corporate debt securities and high-quality covered bonds eligible for repurchase with central banks to provide same-day liquidity.
Alternative liquid assets (ALA): Eligible securities listed by the RBNZ.

ANZBGL Group monitors and manages the size and composition of its liquid assets portfolio on an ongoing basis in line with regulatory requirements and the risk appetite set by the ANZBGL Board.

Market Values Post Discount HQLA1 HQLA2 Other ALA2	Half Year Average1 Sep 25 $B Mar 25 $B Sep 24 $B 298.3 287.0 250.6 16.5 15.4 12.9 4.7 3.6 2.7	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 4% 19% 7% 28% 31% 74%
Total liquid assets	319.5 306.0 266.2	4% 20%
Cash flows modelled under stress scenario Cash outflows Cash inflows	298.5 294.7 255.1 57.9 63.1 53.4	1% 17% -8% 8%
Net cash outflows	240.6 231.6 201.7	4% 19%
Liquidity Coverage Ratio3,4	133% 132% 132%	1% 1%

1. Half year average basis, calculated as prescribed per APRA Prudential Standard (APS 210 Liquidity) and consistent with APS 330 requirements.

2. Comprised of any liquid assets as defined in the RBNZ's Liquidity Policy - Annex: Liquidity Assets - Prudential Supervision Department Document BS13A.

3. All currency Level 2 LCR.

4. LCR remained above the regulatory minimum thresholds throughout the periods.

GROUP RESULTS

Funding

The ANZBGL Group targets a diversified funding base, avoiding undue concentrations by investor type, maturity, market source and currency. During the September 2025 full year, the ANZBGL Group issued $36.7 billion of term wholesale funding (excluding unsubordinated debt with shorter tenors of 12 to 18 months).

The following table shows the ANZBGL Group’s total liabilities and shareholders’ equity:

The following table shows the ANZBGL Group’s total liabilities and shareholders’ equity:
ANZBGL Group Wholesale funding instruments Unsubordinated debt Subordinated debt1	As at Sep 25 $B Mar 25 $B Sep 24 $B 125.2 126.7 116.7 44.1 42.9 39.7	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -1% 7% 3% 11%
Total term debt issuances	169.3 169.6 156.4	0% 8%
Central bank term funding2 Commercial paper and other borrowings Certificates of deposit	1.0 2.0 2.5 49.6 62.1 47.8 45.8 39.6 42.2	-50% -60% -20% 4% 16% 9%
Total wholesale funding instruments	265.7 273.3 248.9	-3% 7%
Customer deposits Other liabilities Shareholders' equity	749.2 757.8 716.6 212.3 201.2 195.4 70.4 70.7 68.8	-1% 5% 6% 9% 0% 2%
Total liabilities and shareholders' equity	1,297.6 1,303.0 1,229.7	0% 6%

1. Includes subordinated debt issued by ANZ Bank New Zealand Limited which constitutes tier 2 capital under RBNZ requirements but does not meet the APRA Tier 2 requirements, and $0.8 billion of perpetual subordinated notes issued by ANZ Holdings (New Zealand) Limited in the September 2024 half.

2. Includes RBNZ FLP of $0.9 billion (Mar 25: $1.8 billion, Sep 24: $2.3 billion) and TLF of $0.1 billion (Mar 25: $0.2 billion, Sep 24: $0.2 billion).

Net Stable Funding Ratio

The following table shows the Level 2 NSFR composition:

Required Stable Funding (RSF)1 Retail & small and medium enterprises, corporate loans with 65% RSF factor2 Retail & small and medium enterprises, corporate loans with 85% RSF factor2 Other lending3 Liquid assets Other assets4	As at Sep 25 $B Mar 25 $B Sep 24 $B 267.3 266.3 261.1 234.0 231.1 221.4 63.1 58.7 58.4 21.8 20.7 17.9 51.1 53.7 48.4	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 0% 2% 1% 6% 7% 8% 5% 22% -5% 6%
Total Required Stable Funding	637.3 630.5 607.2	1% 5%
Available Stable Funding1 Retail & small and medium enterprise customer deposits Corporate, public sector entities & operational deposits Central bank & other financial institution deposits Term funding5 Short-term funding & other liabilities Capital	368.6 364.8 357.0 143.8 143.4 133.9 7.4 6.7 6.9 96.4 100.4 94.2 8.0 14.5 10.5 105.8 107.6 102.3	1% 3% 0% 7% 10% 7% -4% 2% -45% -24% -2% 3%
Total Available Stable Funding	730.0 737.4 704.8	-1% 4%
Net Stable Funding Ratio6	115% 117% 116%	-2% -1%

1. NSFR factored balance as per APRA Prudential Standard APS 210 Liquidity.

2. Risk weighting as per APRA Prudential Standard APS 112 Capital Adequacy: Standardised Approach to Credit Risk.

3. Includes loans to financial institutions and central banks, and non-performing loans.

4. Includes off-balance sheet items, net derivatives and other assets.

5. Includes balances from the drawdown of the RBA and RBNZ Funding Facilities (TFF, FLP and TLF).

6. The regulatory minimum NSFR is 100%.

GROUP RESULTS

Capital Management

The Group’s capital management framework includes managing capital at Level 1, Level 2 and ANZGHL Group.

The Group’s framework includes managing to Board approved risk appetite settings and maintaining all regulatory requirements. APRA requirements at Level 1 and Level 2 include ANZ operating at or above APRA’s expectation for Domestic Systemically Important Banks (D-SIBs).

APRA’s authority for ANZGHL to be a NOHC of an ADI includes five conditions for ANZ’s capital management framework. Two of these are quantitative requirements being:

ANZGHL must always ensure that the quality and quantity of the total capital of the Level 3 group is equivalent to, or greater than, the quality and quantity of the sum of the total capital of the consolidated ANZ Bank Group and the consolidated ANZ Non-Bank Group.
ANZGHL must calculate and manage capital for the ANZ Non-Bank Group in accordance with an Economic Capital Model (ECM), which requires the amount of capital held, in the form of Common Equity Tier 1 (CET1), to be equal to or greater than the capital requirement as calculated under the ECM.

The Group has an ECM to calculate the capital to support the ANZ Non-Bank Group operations. The material risks included in the ANZ Non-Bank Group currently are investment risk and fixed asset risk.

The Group’s compliance with these two conditions is presented in the following tables:

As at September 2025 Allocated equity1,2 Prudential adjustments to allocated equity	ANZ Bank Group3 $M ANZ Non-Bank Group $M	ANZGHL $M ANZ Group $M

	70,445 405	1,017 71,867
	(436) -	- (436)
Gross Common Equity Tier 1 capital Deductions	70,009 405	1,017 71,431
	(14,825) -	- (14,825)
Common Equity Tier 1 capital	55,184 405	1,017 56,606
Tier 1 capital Tier 2 capital	62,541 405	1,017 63,963
	33,810 -	- 33,810
Total qualifying capital	96,351 405	1,017 97,773
As at March 2025 Allocated equity1,2 Prudential adjustments to shareholders' equity	70,712 591 (601) -	1,028 72,331 - (601)
Gross Common Equity Tier 1 capital Deductions	70,111 591 (14,882) -	1,028 71,730 - (14,882)
Common Equity Tier 1 capital	55,229 591	1,028 56,848
Tier 1 capital Tier 2 capital	62,672 591 32,831 -	1,028 64,291 - 32,831
Total qualifying capital	95,503 591	1,028 97,122
As at September 2024 Allocated equity1 Prudential adjustments to shareholders' equity	68,760 567 (721) -	1,301 70,628 - (721)
Gross Common Equity Tier 1 capital Deductions	68,039 567 (13,570) -	1,301 69,907 - (13,570)
Common Equity Tier 1 capital	54,469 567	1,301 56,337
Tier 1 capital Tier 2 capital	62,676 567 29,189 -	1,301 64,544 - 29,189
Total qualifying capital	91,865 567	1,301 93,733

1. Allocated in accordance with prudential capital management view.

2. ANZGHL allocated equity as at September 2025 includes $0.8 billion (Mar 25: ~$0.8 billion; Sep 24: ~$1.1 billion) for the remaining share buy-back. The Group ceased the remaining share buy-back on 13 October 2025 and announced that it will return the funds to ANZBGL.

3. ANZ Bank Group allocated equity is adjusted for capital deductions, including deconsolidated entity adjustments, to calculate ANZ Level 2 CET1, Tier 1, Tier 2 and total qualifying capital.

GROUP RESULTS

ANZ Non-Bank Group

ANZ Non-Bank Group
Economic Capital Required Actual Capital Actual v Economic Capital	As at
	Sep 25 $M Mar 25 $M Sep 24 $M 198 417 384 371 576 543 173 159 159

ANZ Bank Group

ANZ Bank Group
Capital Ratios (Level 2) Common Equity Tier 1 Tier 1 Total capital	As at
	APRA Capital Ratios Sep 25 Mar 25 Sep 24 12.0% 11.8% 12.2% 13.6% 13.4% 14.0% 21.0% 20.4% 20.6%	Basel Harmonised1
		Sep 25 Mar 25 Sep 24
		17.6% 17.0% 17.6% 19.7% 19.0% 19.9% 29.2% 27.9% 28.2%
Risk weighted assets ($B)	458.5 469.0 446.6	358.4 372.8 353.1

1. Basel Harmonised ratios are the Group’s interpretation of Basel Calculation of RWA for credit risk regulations documented in the Basel Framework and the ‘Australian Banking Association Basel 3.1 Capital Comparison Study’ (Mar 2023).

APRA CET1 - September 2025 v September 2024

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September 2025 v September 2024

ANZBGL Group CET1 ratio decreased -17 bps to 12.03% during the September 2025 full year. Key drivers of the movement in the CET1 ratio were:

Cash profit (Level 2) excluding 2H25 significant items increased the CET1 ratio by +149 bps.
2H25 significant items decreased the CET1 ratio by -19 bps, relating to significant items impacting CET1 including an increase of $141 million to Suncorp Bank goodwill post PPA completion during the September 2025 half.
Payment of the 2024 final dividend and the 2025 interim dividend (net of DRP and BOP) decreased the CET1 ratio by -103 bps.
Higher underlying RWA (excluding IRRBB) and other items decreased the CET1 ratio by -32 bps driven by lending growth in the Institutional, Australia Retail and New Zealand divisions, Suncorp Bank acquisition related PPA adjustment in the March 2025 half, and higher deferred tax assets. This was partially offset by a benefit from reduced loss in FVOCI reserves and lower deduction in APRA expected loss in excess of eligible provisions.
Operational risk and IRRBB reduced the CET1 ratio by -16 bps, including incorporating IRRBB risk for Suncorp Bank and the additional $250 million operational risk capital overlay applicable from April 2025.
A decrease in the capital floor add-on increased the CET1 ratio by +4 bps, driven by an increase in IRRBB RWA.

Inclusive of the total NOHC surplus capital the CET1 capital ratio is 12.26%, which includes +4 bps for the NOHC surplus capital and +18 bps for the remaining $0.8 billion of the share buy-back which the Group ceased on 13 October 2025 and announced that it will return the funds to ANZBGL.

GROUP RESULTS

APRA CET1 - September 2025 v March 2025

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September 2025 v March 2025

ANZBGL Group CET1 ratio increased +25 bps to 12.03% during the September 2025 half. Key drivers of the movement in the CET1 ratio were:

Cash profit (Level 2) excluding 2H25 significant items increased the CET1 ratio by +71 bps.
2H25 significant items decreased the CET1 ratio by -19 bps, relating to significant items impacting CET1 including an increase of $141 million to Suncorp Bank goodwill post PPA completion during the September 2025 half
Payment of the 2025 interim dividend (net of DRP and BOP) reduced the CET1 ratio by -45 bps.
Underlying RWA (excluding IRRBB) and other items increased the CET1 ratio by +14 bps, driven by volume reduction in the Institutional division, partially offset by lending growth in the Australia Retail and New Zealand divisions, a benefit from reduced loss in FVOCI reserves and a lower deduction in APRA expected loss in excess of eligible provisions. This was partially offset by higher deferred tax assets and capitalised expenses.
Operational risk and IRRBB reduced CET1 ratio by -18 bps, including incorporating IRRBB risk for Suncorp Bank and the additional $250 million operational risk capital overlay applicable from April 2025.
A decrease in the capital floor increased the CET1 ratio by +22 bps, mainly due to the reduction in the Institutional division reducing the capital floor by more than the actual RWA decrease and the impact of an increase in IRRBB RWA.

GROUP RESULTS

Total Risk Weighted Assets Credit RWA Market risk and IRRBB RWA Operational risk RWA	As at Sep 25 $B Mar 25 $B Sep 24 $B 369.6 378.1 361.2 31.7 28.2 30.9 53.7 50.6 49.6	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -2% 2% 12% 3% 6% 8%
Total Capital floor adjustment	455.0 456.9 441.7 3.5 12.1 4.9	0% 3% -71% -29%
Total RWA	458.5 469.0 446.6	-2% 3%

Total Risk Weighted Assets - September 2025 v September 2024

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September 2025 v September 2024

Total RWA increased $11.9 billion driven by:

$11.0 billion increase in underlying RWA excluding foreign currency translation impact:
$12.5 billion increase from divisional lending due to lending growth in the Institutional, Australia Retail and New Zealand divisions,
$2.4 billion decrease from risk impacts driven by improvement in the Australia Retail division home loan portfolio,
$0.9 billion decrease from other credit impacts due to RWA initiatives,
$0.9 billion decrease from traded market risk due to lower standard VaR, driven by smaller risk exposures across the trading desks,
$1.0 billion increase from underlying operational risk driven by annual Standardised Measurement Approach model update, and
$1.7 billion increase from IRRBB mainly due to incorporating IRRBB risk for Suncorp Bank.
$3.1 billion increase from additional operational risk overlay.
$1.4 billion decrease from capital floor adjustment.
$0.8 billion decrease from the impact of foreign currency translation.

GROUP RESULTS

Total Risk Weighted Assets - September 2025 v March 2025

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September 2025 v March 2025

Total RWA decreased $10.5 billion driven by:

$0.1 billion increase in underlying RWA excluding foreign currency translation impact:
$3.4 billion decrease from reduction in lending volume from the Institutional division, partially offset by lending growth in the Australia Retail and New Zealand divisions,
$1.7 billion decrease from risk impacts driven by improvement in the Australia Retail division home loan portfolio,
$1.4 billion increase from other credit impacts due to RWA initiatives,
$0.1 billion increase from traded market risk, and
$3.7 billion increase from IRRBB due to higher repricing and yield curve risk combined with incorporating IRRBB risk for Suncorp Bank.
$3.1 billion increase from additional operational risk overlay.
$8.6 billion decrease from capital floor adjustment.
$5.1 billion decrease from the impact of foreign currency translation.

GROUP RESULTS

Leverage Ratio

At 30 September 2025, ANZ Bank Group’s APRA Leverage Ratio was 4.4% which is above the 3.5% minimum for IRB ADIs, including ANZ. The following table summarises the ANZ Bank Group’s APRA Leverage Ratio calculation:

Tier 1 capital (net of capital deductions) On-balance sheet exposures (excluding derivatives and securities financing transaction exposures) Derivative exposures Securities financing transaction exposures Other off-balance sheet exposures	As at Sep 25 $M Mar 25 $M Sep 24 $M 62,541 62,672 62,676 1,151,312 1,154,165 1,096,917 59,203 60,663 52,478 82,897 74,612 65,015 131,430 138,394 129,727	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 0% 0% 0% 5% -2% 13% 11% 28% -5% 1%
Total exposure measure	1,424,842 1,427,834 1,344,137	0% 6%
APRA Leverage Ratio	4.4% 4.4% 4.7%
Basel Harmonised Leverage Ratio	4.9% 4.9% 5.2%

1 Basel Harmonised methodology aligns with the Australia Banking Association Basel 3.1 Capital Comparison Study (March 2023).

 September 2025 v September 2024

APRA leverage ratio decreased -27 bps during the September 2025 full year. Key drivers of the movement were:

Net organic capital generation (largely from Level 2 cash profit and movements in capital deductions), less dividends paid (net of DRP and BOP), increased the leverage ratio by +10 bps.
Net AT1 capital impact (ANZ Capital Notes 5 redemption) decreased the leverage ratio by -7 bps.
Growth in exposures (excluding the impacts from foreign currency translation) reduced the leverage ratio by -24 bps driven by lending growth mainly in the Australia Retail and New Zealand divisions, along with growth in liquid assets.
An increase in derivatives exposure decreased the leverage ratio by -2 bps.
Net other impacts decreased the leverage ratio by -4 bps.
September 2025 v March 2025

APRA leverage ratio is flat during the September 2025 half. Key drivers of the movement were:

Net organic capital generation (largely from Level 2 cash profit and movements in capital deductions), less dividends paid (net of DRP and BOP), increased the leverage ratio by +3 bps.
Growth in exposures (excluding the impacts from foreign currency translation) decreased the leverage ratio by -4 bps driven by lending growth mainly in the Australia Retail and New Zealand divisions, together with growth in average reverse repurchase agreement exposures.
Net other impacts increased the leverage ratio by +1 bps.

GROUP RESULTS

Capital Management - Other Developments

Capital Requirements

APRA implemented its updated requirements (capital reforms) in relation to capital adequacy and credit risk requirements for ADIs on 1 January 2023, with further amendments in June 2024.

In July 2024, APRA released final IRRBB standards for implementation from October 2025. ANZ received revised IRRBB standard models approval from APRA in September 2025 and has implemented revised models from October 2025. The impact of the revised IRRBB standard is expected to result in marginally lower IRRBB RWA.

In addition, APRA continues to consult and finalise revisions to a number of remaining prudential standards, being market risk and counterparty credit risk. Given the number of items that are yet to be finalised by APRA, the aggregate final outcome from all changes to APRA's prudential standards relating to their review of ADIs capital framework remains uncertain.

APRA Total Loss Absorbing Capacity (TLAC) Requirements

On 2 December 2021, APRA finalised its loss-absorbing capacity requirements for Australian D-SIBs, including ANZBGL, requiring an increase to their minimum total capital requirement by 4.5% of RWA by January 2026. Excluding the capital requirement changes from APRA’s approach to AT1 capital (refer below), the total Tier 2 capital requirement will increase to 6.5%. APRA expects the requirement to be satisfied predominantly with additional Tier 2 capital with an equivalent decrease in senior funding. The amount of the additional total capital requirement will be based on the Group’s actual RWA as at January 2026.

APRA’s Approach to Additional Tier 1 Capital in Australia

In December 2024, APRA confirmed that it will phase out the use of AT1 capital instruments to simplify and improve the effectiveness of bank capital in a crisis. In July 2025, APRA subsequently released a consultation paper on related technical amendments to its bank prudential framework to effect the removal of AT1 capital instruments and address impacts stemming from their removal. As set out in the consultation paper, large, internationally active banks such as the Group which have received APRA approval to use the Internal Ratings-based Approach to credit risk capital requirements (“Advanced” banks) will be able to:

replace the current requirement for 1.5% of Additional Tier 1 capital with 0.25% of CET1 and 1.25% of Tier 2 capital;
increase the minimum CET1 capital requirement from 4.5% to 6%, but remove the Advanced portion of the capital conservation buffer (“CCB”) of 1.25%;
keep the total capital minimum, inclusive of APRA buffers, unchanged at 18.25% (including total loss-absorbing capacity (“TLAC”) requirements); and
increase the Tier 2 requirement (inclusive of TLAC) from 6.5% to 7.75%.

In addition, APRA’s consultation paper proposed replacing references to Tier 1 capital with CET1 capital in relation to exposure limits including: the leverage ratio, APS222 intragroup exposures, APS221 large exposures and Trans-Tasman funding arrangements. The proposed changes would reduce the Group’s capacity to fund exposures under the above metrics, however, the impact to the Group will depend on existing capacity under these metrics. Also APRA’s consultation noted that ADIs who are impacted by the changes to APS222 intragroup exposures, APS221 large exposures or Trans-Tasman funding arrangements can discuss potential adjustments with APRA.

Submissions in relation to APRA’s consultation paper were due in September 2025, and APRA has indicated that it intends to finalise changes to prudential standards before the end of the 2025 calendar year, with the updated framework to come into effect from 1 January 2027. Given the standards remain subject to finalisation by APRA, the final impact on the Group is currently uncertain.

Reserve Bank of New Zealand (RBNZ) Capital Adequacy Requirements

In 2019, RBNZ decided to revise the capital adequacy requirements that apply to New Zealand locally incorporated registered banks. Implementation of the revised requirements has been underway since 2021 requiring a material increase in capital to be held by the ANZ New Zealand Group. Further required increases were expected to be implemented incrementally to July 2028 but may not proceed as RBNZ is conducting a review of their key capital requirements for banks. In its consultation paper published in August 2025, RBNZ proposed introducing lower and more granular standardised risk weights for certain types of lending and removing AT1 capital from the capital framework. RBNZ also outlined two potential options for the capital requirements for the New Zealand systemically important banks, including ANZ New Zealand:

Option 1 proposes a minimum CET1 capital ratio requirement of 14% and a minimum total capital ratio requirement of 17%.
Option 2 proposes a minimum CET1 capital ratio requirement of 12%, a minimum total capital ratio requirement of 15% and a Loss Absorbing Capacity (LAC) requirement, of which the form has not yet been considered, of 6%. Under Option 2 all tier 2 and LAC instruments would be required to be issued to ANZBGL.

RBNZ expects both options to result in lower average funding costs than the 2019 capital decisions once fully implemented. RBNZ has announced that it intends to make any final decisions by the end of 2025. The impact of the review on ANZ New Zealand Group and ANZBGL Group is uncertain.

Group regulation - Roadmap for Review

In October 2022, APRA released a roadmap for review of the prudential framework for ‘groups’ of entities. The review will focus on rationalising requirements, promoting consistency, and providing clarity across different standards that apply to groups. As part of the review, guidelines for licensing new NOHC authorities will be updated. For existing APRA authorised NOHCs, there will be no immediate changes, although APRA will seek to ensure new or adjusted NOHC license conditions are applied in a consistent manner. The review will be multi-year, and APRA has indicated that it will finalise the review in the 2025 calendar year.

GROUP RESULTS

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DIVISIONAL RESULTS

CONTENTS	Page
Divisional Performance	50
Australia Retail	54
Australia Commercial	56
Institutional	58
New Zealand	65
Suncorp Bank	70
Pacific	71
Group Centre	71

DIVISIONAL RESULTS

Divisional Performance

The Group operates on a divisional structure with seven divisions: Australia Retail, Australia Commercial, Institutional, New Zealand, Suncorp Bank, Pacific, and Group Centre.

The Group announced at the October 2025 Strategy Day that Australia Commercial will be renamed to Business & Private Bank. This will be reflected in the 2026 Half Year Results Announcement.

For further information on the composition of divisions, refer to the Definitions on page 109.

Where relevant, comparative information has been restated to align with current period presentation.

The divisions reported are consistent with internal reporting provided to the chief operating decision maker, being the Chief Executive Officer.

The Divisional Results section is reported on a cash profit basis.

DIVISIONAL RESULTS

Divisional Performance

Cash profit by division – September 2025 Full Year v September 2024 Full Year

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September 2025 Full Year Australia Retail $M Australia Commercial $M Institutional $M Net interest income 5,246 3,180 4,154 Other operating income 626 306 2,658	New Zealand $M Suncorp Bank $M Pacific $M Group Centre $M Group $M
	3,239 1,640 108 394 17,961
	385 66 89 (192) 3,938
Operating income 5,872 3,486 6,812 Operating expenses (4,015) (1,520) (3,081)	3,624 1,706 197 202 21,899
	(1,407) (1,073) (144) (1,640) (12,880)
Cash profit/(loss) before credit impairment and income tax 1,857 1,966 3,731 Credit impairment (charge)/release (289) (102) (31)	2,217 633 53 (1,438) 9,019
	19 (36) 4 (6) (441)
Cash profit/(loss) before income tax 1,568 1,864 3,700 Income tax (expense)/benefit (520) (562) (1,092) Non-controlling interests - - -	2,236 597 57 (1,444) 8,578
	(627) (179) (12) 242 (2,750)
	- - (2) (39) (41)
Cash profit/(loss) 1,048 1,302 2,608	1,609 418 43 (1,241) 5,787
September 2024 Full Year Australia Retail $M Australia Commercial $M Institutional $M Net interest income 5,223 3,164 3,741 Other operating income 664 342 3,148	New Zealand $M Suncorp Bank1 $M Pacific $M Group Centre $M Group $M 3,143 251 123 424 16,069 399 6 91 90 4,740
Operating income 5,887 3,506 6,889 Operating expenses (3,516) (1,507) (2,875)	3,542 257 214 514 20,809 (1,376) (188) (138) (1,141) (10,741)
Cash profit/(loss) before credit impairment and income tax 2,371 1,999 4,014 Credit impairment (charge)/release (71) (80) 10	2,166 69 76 (627) 10,068 (28) (243) 8 (2) (406)
Cash profit/(loss) before income tax 2,300 1,919 4,024 Income tax (expense)/benefit (693) (577) (1,166) Non-controlling interests - - -	2,138 (174) 84 (629) 9,662 (602) 52 (22) 106 (2,902) - - (2) (33) (35)
Cash profit/(loss) 1,607 1,342 2,858	1,536 (122) 60 (556) 6,725
September 2025 Full Year v September 2024 Full Year Australia Retail Australia Commercial Institutional Net interest income 0% 1% 11% Other operating income -6% -11% -16%	New Zealand Suncorp Bank Pacific Group Centre Group 3% large -12% -7% 12% -4% large -2% large -17%
Operating income 0% -1% -1% Operating expenses 14% 1% 7%	2% large -8% -61% 5% 2% large 4% 44% 20%
Cash profit/(loss) before credit impairment and income tax -22% -2% -7% Credit impairment (charge)/release large 28% large	2% large -30% large -10% large -85% -50% large 9%
Cash profit/(loss) before income tax -32% -3% -8% Income tax (expense)/benefit -25% -3% -6% Non-controlling interests n/a n/a n/a	5% large -32% large -11% 4% large -45% large -5% n/a n/a 0% 18% 17%
Cash profit/(loss) -35% -3% -9%	5% large -28% large -14%

1. September 2024 full year includes Suncorp Bank acquisition related adjustment charge after tax of $196 million.

DIVISIONAL RESULTS

Divisional Performance

Cash profit by division - September 2025 Half Year v March 2025 Half Year

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September 2025 Half Year Australia Retail $M Australia Commercial $M Institutional $M Net interest income 2,654 1,591 2,121 Other operating income 357 153 1,272	New Zealand $M Suncorp Bank $M Pacific $M Group Centre $M Group $M
	1,650 817 53 206 9,092
	192 36 45 (243) 1,812
Operating income 3,011 1,744 3,393 Operating expenses (2,234) (765) (1,620)	1,842 853 98 (37) 10,904
	(722) (640) (70) (1,087) (7,138)
Cash profit/(loss) before credit impairment and income tax 777 979 1,773 Credit impairment (charge)/release (226) (52) (3)	1,120 213 28 (1,124) 3,766
	15 (25) 1 (6) (296)
Cash profit/(loss) before income tax 551 927 1,770 Income tax (expense)/benefit (208) (280) (542) Non-controlling interests - - -	1,135 188 29 (1,130) 3,470
	(318) (56) (5) 178 (1,231)
	- - (1) (19) (20)
Cash profit/(loss) 343 647 1,228	817 132 23 (971) 2,219
March 2025 Half Year Australia Retail $M Australia Commercial $M Institutional $M Net interest income 2,592 1,589 2,033 Other operating income 269 153 1,386	New Zealand $M Suncorp Bank $M Pacific $M Group Centre $M Group $M 1,589 823 55 188 8,869 193 30 44 51 2,126
Operating income 2,861 1,742 3,419 Operating expenses (1,781) (755) (1,461)	1,782 853 99 239 10,995 (685) (433) (74) (553) (5,742)
Cash profit/(loss) before credit impairment and income tax 1,080 987 1,958 Credit impairment (charge)/release (63) (50) (28)	1,097 420 25 (314) 5,253 4 (11) 3 - (145)
Cash profit/(loss) before income tax 1,017 937 1,930 Income tax (expense)/benefit (312) (282) (550) Non-controlling interests - - -	1,101 409 28 (314) 5,108 (309) (123) (7) 64 (1,519) - - (1) (20) (21)
Cash profit/(loss) 705 655 1,380	792 286 20 (270) 3,568
September 2025 Half Year v March 2025 Half Year Australia Retail Australia Commercial Institutional Net interest income 2% 0% 4% Other operating income 33% 0% -8%	New Zealand Suncorp Bank Pacific Group Centre Group 4% -1% -4% 10% 3% -1% 20% 2% large -15%
Operating income 5% 0% -1% Operating expenses 25% 1% 11%	3% 0% -1% large -1% 5% 48% -5% 97% 24%
Cash profit/(loss) before credit impairment and income tax -28% -1% -9% Credit impairment (charge)/release large 4% -89%	2% -49% 12% large -28% large large -67% n/a large
Cash profit/(loss) before income tax -46% -1% -8% Income tax (expense)/benefit -33% -1% -1% Non-controlling interests n/a n/a n/a	3% -54% 4% large -32% 3% -54% -29% large -19% n/a n/a 0% -5% -5%
Cash profit/(loss) -51% -1% -11%	3% -54% 15% large -38%

DIVISIONAL RESULTS

Divisional Performance

Key Balance Sheet Metrics by division

Net Loans and Advances Australia Retail Australia Commercial Institutional1 New Zealand1 Suncorp Bank Pacific1 Group Centre		As at Mar 25 $B Sep 24 $B 341.0 332.5 66.0 65.0 216.6 210.5 124.1 123.5 71.5 70.9 1.7 1.7 (0.7) (0.7)	Movement
	Sep 25 $B 348.8 67.2 216.1 122.9 73.2 1.7 (0.4)		Sep 25 v. Mar 25 Sep 25 v. Sep 24 2% 5% 2% 3% 0% 3% -1% 0% 2% 3% 0% 0% -43% -43%
Total	829.5	820.2 803.4	1% 3%
Customer Deposits Australia Retail Australia Commercial Institutional1 New Zealand1 Suncorp Bank Pacific1 Group Centre	186.5 118.9 282.2 101.6 56.2 3.7 (1.0)	183.4 176.8 119.4 116.3 292.5 264.4 103.3 100.9 55.6 54.7 3.7 3.6 (1.3) (1.5)	2% 5% 0% 2% -4% 7% -2% 1% 1% 3% 0% 3% -23% -33%
Total	748.1	756.6 715.2	-1% 5%
Risk Weighted Assets Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	121.1 47.4 171.0 62.4 36.2 3.8 16.6	121.1 116.9 46.6 45.5 178.4 166.9 59.9 62.1 33.3 33.4 3.8 3.6 25.9 18.2	0% 4% 2% 4% -4% 2% 4% 0% 9% 8% 0% 6% -36% -9%
Total	458.5	469.0 446.6	-2% 3%
Return on Average Risk Weighted Assets Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank2 Pacific Group Centre		Half Year Sep 25 Mar 25 0.56% 1.19% 2.75% 2.86% 1.35% 1.55% 2.66% 2.64% 0.77% 1.72% 1.21% 1.06% n/a n/a	Full Year Sep 25 Sep 24 0.87% 1.26% 2.80% 2.88% 1.45% 1.68% 2.65% 2.33% 1.24% (2.21%) 1.14% 1.64% n/a n/a 1.24% 1.55%
Total		0.94% 1.55%

1. Refer to pages 34 and 35 for Net loans and advances and Customer deposits movements excluding the impact of foreign currency translation.

2. September 2024 full year includes Suncorp Bank acquisition related adjustment charge after tax of $196 million.

DIVISIONAL RESULTS

Australia Retail

Bruce Rush (Acting)

Net interest income Other operating income	Half Year Sep 25 $M Mar 25 $M Movt 2,654 2,592 2% 357 269 33%	Full Year
		Sep 25 $M Sep 24 $M Movt 5,246 5,223 0% 626 664 -6%
Operating income Operating expenses	3,011 2,861 5% (2,234) (1,781) 25%	5,872 5,887 0% (4,015) (3,516) 14%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	777 1,080 -28% (226) (63) large	1,857 2,371 -22% (289) (71) large
Cash profit before income tax Income tax expense	551 1,017 -46% (208) (312) -33%	1,568 2,300 -32% (520) (693) -25%
Cash profit	343 705 -51%	1,048 1,607 -35%
Balance Sheet Net loans and advances Other external assets	348,829 340,953 2% 2,772 2,831 -2%	348,829 332,501 5% 2,772 2,855 -3%
External assets	351,601 343,784 2%	351,601 335,356 5%
Customer deposits Other external liabilities	186,546 183,357 2% 3,976 3,985 0%	186,546 176,813 6% 3,976 3,988 0%
External liabilities	190,522 187,342 2%	190,522 180,801 5%
Risk weighted assets Average gross loans and advances Average deposits and other borrowings Ratios Return on average RWA Net interest margin Operating expenses to operating income Operating expenses to average assets	121,088 121,111 0% 346,450 337,660 3% 185,357 180,088 3% 0.56% 1.19% 1.83% 1.84% 74.2% 62.3% 1.28% 1.05%	121,088 116,931 4% 342,067 323,531 6% 182,730 171,580 6% 0.87% 1.26% 1.83% 1.91% 68.4% 59.7% 1.17% 1.08%
Individually assessed credit impairment charge/(release) Individually assessed credit impairment charge/(release) as a % of average GLA1 Collectively assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) as a % of average GLA1 Gross impaired assets Gross impaired assets as a % of GLA	56 47 19% 0.03% 0.03% 170 16 large 0.10% 0.01% 1,438 1,204 19% 0.41% 0.35%	103 100 3% 0.03% 0.03% 186 (29) large 0.05% (0.01%) 1,438 870 65% 0.41% 0.26%
Total FTE	11,023 10,950 1%	11,023 10,832 2%

Credit impairment charge/(release) used in the ratio relates to gross loans and advances and off-balance sheet commitments - undrawn and contingent liabilities.

Performance September 2025 v September 2024

Lending volumes increased driven by home loan growth.

Net interest margin decreased driven by lower asset margin from home loan pricing competition, unfavourable deposit margin reflecting impact of lower cash rates and higher net funding costs. This was partially offset by higher deposit margins from pricing optimisation, and higher earnings on replicating portfolio.
Other operating income decreased driven by lower insurance-related income and higher customer remediation.
Operating expenses increased driven by higher restructuring expense, ASIC settlement, inflationary impacts, higher customer remediation, and higher investment spend. This was partially offset by benefits from productivity initiatives.
Credit impairment increased driven by higher collectively assessed credit impairment.

Performance September 2025 v March 2025

Lending volumes increased driven by home loan growth.

Net interest margin decreased driven by lower asset margin from home loan pricing competition, and unfavourable deposit margin reflecting impact of lower cash rates. This was partially offset by higher earnings on replicating portfolio, lower net funding costs and favourable deposit mix from deposit growth and a shift out of lower margin term deposits.
Other operating income increased driven by timing of recognition of cards incentives, and lower customer remediation.
Operating expenses increased driven by higher restructuring expense, ASIC settlement, higher investment spend, and higher customer remediation. This was partially offset by benefits from productivity initiatives.
Credit impairment increased driven by higher collectively assessed credit impairment.

DIVISIONAL RESULTS

Australia Retail

Bruce Rush (Acting)

Individually assessed credit impairment charge/(release) Home Loans Cards and Personal Loans Deposits and Payments1		Half Year	Movt 14% 18% n/a	Full Year	Full Year
	Sep 25 $M 8 47 1	Mar 25 $M 7 40 -		Sep 25 $M Sep 24 $M Movt 15 9 67% 87 89 -2% 1 2 -50%
Individually assessed credit impairment charge/(release)	56	47	19%	103 100 3%
Collectively assessed credit impairment charge/(release) Home Loans Cards and Personal Loans Deposits and Payments1		Half Year	Movt large large large	Full Year
	Sep 25 $M 193 (24) 1	Mar 25 $M 27 (9) (2)		Sep 25 $M Sep 24 $M Movt 220 (21) large (33) (12) large (1) 4 large



Collectively assessed credit impairment charge/(release)	170	16	large		186 (29) large
Net loans and advances Home Loans Cards and Personal Loans Deposits and Payments1		As at			Movement
	Sep 25 $M				Sep 25 v. Mar 25 Sep 25 v. Sep 24 2% 5% -2% -7% -15% -30%
	343,535
	5,271
	23
Net loans and advances	348,829	340,953 332,501			2% 5%
Customer deposits Home Loans2 Cards and Personal Loans Deposits and Payments		As at Mar 25 $M Sep 24 $M 52,712 50,211 176 175 130,469 126,427			Movement
	Sep 25 $M				Sep 25 v. Mar 25 Sep 25 v. Sep 24 4% 10% 5% 5% 1% 4%
	55,065
	184
	131,297
Customer deposits	186,546	183,357 176,813			2% 6%

1. Net loans and advances for the deposits and payments business represent amounts in overdraft.

2. Customer deposits amount for the home loans business represent balances in offset accounts.

DIVISIONAL RESULTS

Australia Commercial Clare Morgan

The Group announced at the October 2025 Strategy Day that Australia Commercial will be renamed to Business & Private Bank. This will be reflected in the 2026 Half Year Results Announcement.

Half Year Results Announcement.
Net interest income Other operating income	Half Year Sep 25 $M Mar 25 $M Movt 1,591 1,589 0% 153 153 0%	Full Year
		Sep 25 $M Sep 24 $M Movt 3,180 3,164 1% 306 342 -11%
Operating income Operating expenses	1,744 1,742 0% (765) (755) 1%	3,486 3,506 -1% (1,520) (1,507) 1%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	979 987 -1% (52) (50) 4%	1,966 1,999 -2% (102) (80) 28%
Cash profit before income tax Income tax expense	927 937 -1% (280) (282) -1%	1,864 1,919 -3% (562) (577) -3%
Cash profit	647 655 -1%	1,302 1,342 -3%
Balance Sheet Net loans and advances Other external assets	67,174 65,995 2% 350 332 5%	67,174 65,025 3% 350 431 -19%
External assets	67,524 66,327 2%	67,524 65,456 3%
Customer deposits Other external liabilities	118,941 119,388 0% 4,995 5,423 -8%	118,941 116,273 2% 4,995 5,756 -13%
External liabilities	123,936 124,811 -1%	123,936 122,029 2%
Risk weighted assets Average gross loans and advances Average deposits and other borrowings Ratios Return on average RWA Net interest margin1 Operating expenses to operating income Operating expenses to average assets	47,449 46,637 2% 67,574 66,219 2% 119,496 120,150 -1% 2.75% 2.86% 2.54% 2.53% 43.9% 43.3% 1.22% 1.20%	47,449 45,460 4% 66,899 64,816 3% 119,822 115,836 3% 2.80% 2.88% 2.53% 2.59% 43.6% 43.0% 1.21% 1.23%
Individually assessed credit impairment charge/(release) Individually assessed credit impairment charge/(release) as a % of average GLA2 Collectively assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) as a % of average GLA2 Gross impaired assets Gross impaired assets as a % of GLA	68 59 15% 0.20% 0.18% (16) (9) 78% (0.05%) (0.03%) 385 386 0% 0.56% 0.58%	127 72 76% 0.19% 0.11% (25) 8 large (0.04%) 0.01% 385 291 32% 0.56% 0.44%
Total FTE	3,480 3,361 4%	3,480 3,294 6%

1. Australia Commercial division generates positive net interest income from surplus deposits held. Accordingly, $57.8 billion of average deposits for the September 2025 half and $59.0 billion for the September 2025 full year (Mar 25 half: $60.1 billion; Sep 24 full year: $57.6 billion) have been included within average net interest earning assets for the net interest margin calculation to align with the internal management reporting view.

2. Credit impairment charge/(release) used in the ratio relates to gross loans and advances and off-balance sheet commitments - undrawn and contingent liabilities

Performance September 2025 v September 2024

Lending volumes increased driven by Diversified & Specialist Businesses.

Net interest margin decreased driven by lower asset margin from pricing competition, unfavourable deposit margin, and unfavourable deposit mix with a shift towards lower margin savings and term deposits. This was partially offset by higher earnings on replicating portfolio, and lower net funding costs.
Other operating income decreased driven by higher customer remediation.
Operating expenses increased driven by inflationary impacts, partially offset by lower restructuring expense, lower investment spend and benefits from productivity initiatives.

Performance September 2025 v March 2025

Lending volumes increased driven by Diversified & Specialist Businesses and SME Banking.

Net interest margin increased driven by higher earnings on replicating portfolio, and favourable deposit mix with a shift out of lower margin savings and term deposits. This was partially offset by lower asset margin from pricing competition, and unfavourable deposit margin.
Operating expenses increased driven by higher investment spend.
Credit impairment increased driven by higher individually assessed credit impairment charge due to impairment flows in the SME Banking and Agri portfolios, partially offset by lower collectively assessed credit impairment.
Credit impairment increased driven by higher individually assessed credit impairment charge due to impairment flows in the SME Banking and Agri portfolios, partially offset by lower collectively assessed credit impairment.

DIVISIONAL RESULTS

Australia Commercial

Clare Morgan

Individually assessed credit impairment charge/(release) SME Banking Diversified & Specialist Businesses Central Functions		Half Year	Movt 2% 82% -100%	Full Year
	Sep 25 $M 48 20 -	Mar 25 $M 47 11 1		Sep 25 $M Sep 24 $M Movt 95 72 32% 31 (1) large 1 1 0%
Individually assessed credit impairment charge/(release)	68	59	15%	127 72 76%
Collectively assessed credit impairment charge/(release) SME Banking Diversified & Specialist Businesses Central Functions		Half Year	Movt large -82% -100%	Full Year
	Sep 25 $M (12) (4) -	Mar 25 $M 8 (22) 5		Sep 25 $M Sep 24 $M Movt (4) (3) 33% (26) 11 large 5 - n/a
Collectively assessed credit impairment charge/(release)	(16)	(9)	78%	(25) 8 large
Net loans and advances SME Banking1 Diversified & Specialist Businesses1 Central Functions		As at
	Sep 25 $M
	25,116
	41,955
	103
Net loans and advances	67,174	65,995	65,025 2% 3%
Customer deposits SME Banking1 Diversified & Specialist Businesses1		As at
	Sep 25 $M
	74,466
	44,475
Customer deposits	118,941	119,388 116,273 0% 2%

1. Comparative information has been restated to align with current period presentation.

DIVISIONAL RESULTS

Institutional

Mark Whelan

Net interest income Other operating income	Half Year Sep 25 $M Mar 25 $M Movt 2,121 2,033 4% 1,272 1,386 -8%	Full Year
		Sep 25 $M Sep 24 $M Movt 4,154 3,741 11% 2,658 3,148 -16%
Operating income Operating expenses	3,393 3,419 -1% (1,620) (1,461) 11%	6,812 6,889 -1% (3,081) (2,875) 7%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	1,773 1,958 -9% (3) (28) -89%	3,731 4,014 -7% (31) 10 large
Cash profit before income tax Income tax expense	1,770 1,930 -8% (542) (550) -1%	3,700 4,024 -8% (1,092) (1,166) -6%
Cash profit	1,228 1,380 -11%	2,608 2,858 -9%
Balance Sheet Net loans and advances Other external assets	216,145 216,581 0% 416,134 402,377 3%	216,145 210,464 3% 416,134 364,534 14%
External assets	632,279 618,958 2%	632,279 574,998 10%
Customer deposits Other deposits and borrowings	282,226 292,530 -4% 103,250 106,205 -3%	282,226 264,414 7% 103,250 91,207 13%
Deposits and other borrowings Other external liabilities	385,476 398,735 -3% 117,226 94,607 24%	385,476 355,621 8% 117,226 104,432 12%
External liabilities	502,702 493,342 2%	502,702 460,053 9%
Risk weighted assets Average gross loans and advances Average deposits and other borrowings Ratios Return on average RWA Net interest margin Net interest margin (excl. Markets business unit) Operating expenses to operating income Operating expenses to average assets	170,996 178,384 -4% 226,633 225,664 0% 413,766 394,567 5% 1.35% 1.55% 0.74% 0.76% 2.16% 2.24% 47.7% 42.7% 0.48% 0.45%	170,996 166,906 2% 226,149 209,522 8% 404,192 361,497 12% 1.45% 1.68% 0.75% 0.75% 2.20% 2.38% 45.2% 41.7% 0.47% 0.49%
Individually assessed credit impairment charge/(release) Individually assessed credit impairment charge/(release) as a % of average GLA1 Collectively assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) as a % of average GLA1 Gross impaired assets Gross impaired assets as a % of GLA	26 17 53% 0.02% 0.02% (23) 11 large (0.02%) 0.01% 380 319 19% 0.18% 0.15%	43 (67) large 0.02% (0.03%) (12) 57 large (0.01%) 0.03% 380 284 34% 0.18% 0.13%
Total FTE	6,368 6,460 -1%	6,368 6,272 2%

Performance September 2025 v September 2024

Lending volumes increased driven by Corporate Finance, partially offset by Transaction Banking.

Net interest margin (excl. Markets business unit) decreased driven by lower cash rates, lower asset margin due to lending competition, and unfavourable deposit mix and margins.
Other operating income decreased driven by Markets from lower trading gains across Rates, Credit and Commodities.
Operating expenses increased driven by ASIC settlement and inflationary impacts. This was partially offset by benefits from productivity initiatives and lower restructuring expense.
Credit impairment increased driven by higher individually assessed credit impairment due to higher impairments on several single name customers and lower write-backs and recoveries, partially offset by lower collectively assessed credit impairment.

Performance September 2025 v March 2025

Lending volumes increased driven by Markets, partially offset by Transaction Banking.

Net interest margin (excl. Markets business unit) decreased driven by lower cash rates, unfavourable deposit mix and margin, and lower asset margin due to lending competition.
Other operating income decreased driven by Markets mainly from less favourable derivative valuation adjustments.
Operating expenses increased driven by ASIC settlement, higher investment spend, and higher restructuring expense. This was partially offset by benefits from productivity initiatives.
Credit impairment decreased driven by lower collectively assessed credit impairment, partially offset by higher individually assessed credit impairment charge due to higher impairments on several single name customers and lower write-backs and recoveries.

DIVISIONAL RESULTS

Institutional Mark Whelan

Institutional by Geography

Institutional by Geography
Australia Net interest income Other operating income	Half Year Sep 25 $M Mar 25 $M Movt 1,025 918 12% 528 644 -18%	Full Year
		Sep 25 $M Sep 24 $M Movt 1,943 1,590 22% 1,172 1,530 -23%
Operating income Operating expenses	1,553 1,562 -1% (868) (723) 20%	3,115 3,120 0% (1,591) (1,361) 17%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	685 839 -18% (2) (67) -97%	1,524 1,759 -13% (69) 8 large
Cash profit before income tax Income tax expense	683 772 -12% (245) (234) 5%	1,455 1,767 -18% (479) (529) -9%
Cash profit	438 538 -19%	976 1,238 -21%
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets	12 33 -64% (10) 34 large 131,864 122,516 8% 115,511 105,876 9% 82,218 84,877 -3%	45 (69) large 24 61 -61% 131,864 121,203 9% 115,511 104,184 11% 82,218 82,719 -1%
International and PNG Net interest income Other operating income	738 778 -5% 626 618 1%	1,516 1,456 4% 1,244 1,337 -7%
Operating income Operating expenses	1,364 1,396 -2% (635) (623) 2%	2,760 2,793 -1% (1,258) (1,285) -2%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	729 773 -6% (5) 39 large	1,502 1,508 0% 34 15 large
Cash profit before income tax Income tax expense	724 812 -11% (195) (219) -11%	1,536 1,523 1% (414) (431) -4%
Cash profit	529 593 -11%	1,122 1,092 3%
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets	2 (8) large 3 (31) large 67,552 78,194 -14% 142,177 161,824 -12% 67,096 72,954 -8%	(6) 5 large (28) (20) 40% 67,552 73,121 -8% 142,177 136,013 5% 67,096 63,477 6%
New Zealand Net interest income Other operating income	358 337 6% 118 124 -5%	695 695 0% 242 281 -14%
Operating income Operating expenses	476 461 3% (117) (115) 2%	937 976 -4% (232) (229) 1%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	359 346 4% 4 - n/a	705 747 -6% 4 (13) large
Cash profit before income tax Income tax expense	363 346 5% (102) (97) 5%	709 734 -3% (199) (206) -3%
Cash profit	261 249 5%	510 528 -3%
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets	12 (8) large (16) 8 large 16,729 15,871 5% 24,538 24,830 -1% 21,682 20,553 5%	4 (3) large (8) 16 large 16,729 16,140 4% 24,538 24,217 1% 21,682 20,710 5%

DIVISIONAL RESULTS

Institutional

Mark Whelan

Individually assessed credit impairment charge/(release) Transaction Banking Corporate Finance Markets		Half Year	Movt 36% large n/a	Full Year
	Sep 25 $M 19 7 -	Mar 25 $M 14 3 -		Sep 25 $M Sep 24 $M Movt 33 (13) large 10 (54) large - - n/a
Individually assessed credit impairment charge/(release)	26	17	53%	43 (67) large
Collectively assessed credit impairment charge/(release) Transaction Banking Corporate Finance Markets		Half Year	Movt large n/a large	Full Year
	Sep 25 $M (33) 8 2	Mar 25 $M 22 - (11)		Sep 25 $M Sep 24 $M Movt (11) 8 large 8 39 -79% (9) 10 large
Collectively assessed credit impairment charge/(release)	(23)	11	large	(12) 57 large
Net loans and advances Transaction Banking Corporate Finance Markets Central Functions		As at
	Sep 25 $M
	14,343
	154,104
	47,675
	23
Net loans and advances	216,145	216,581
Customer deposits Transaction Banking Corporate Finance Markets Central Functions		As at
	Sep 25 $M
	164,763
	2,106
	115,298
	59
Customer deposits	282,226

DIVISIONAL RESULTS

Institutional

Mark Whelan

	Transaction	Corporate		Central
	Banking1	Finance	Markets	Functions1	Total
September 2025 Full Year	$M	$M	$M	$M	$M
Net interest income	1,522	2,339	278	15	4,154
Other operating income	726	72	1,861	(1)	2,658
Operating income	2,248	2,411	2,139	14	6,812
Operating expenses	(874)	(808)	(1,358)	(41)	(3,081)
Cash profit/(loss) before credit impairment and income tax	1,374	1,603	781	(27)	3,731
Credit impairment (charge)/release	(22)	(18)	9	-	(31)
Cash profit/(loss) before income tax	1,352	1,585	790	(27)	3,700
Income tax expense	(372)	(434)	(256)	(30)	(1,092)
Cash profit/(loss)	980	1,151	534	(57)	2,608
Individually assessed credit impairment charge/(release)	33	10	-	-	43
Collectively assessed credit impairment charge/(release)	(11)	8	(9)	-	(12)
Net loans and advances	14,343	154,104	47,675	23	216,145
Customer deposits	164,763	2,106	115,298	59	282,226
Risk weighted assets	23,570	93,437	52,811	1,178	170,996
September 2024 Full Year
Net interest income	1,573	2,273	(131)	26	3,741
Other operating income	727	112	2,315	(6)	3,148
Operating income	2,300	2,385	2,184	20	6,889
Operating expenses	(817)	(760)	(1,174)	(124)	(2,875)
Cash profit/(loss) before credit impairment and income tax	1,483	1,625	1,010	(104)	4,014
Credit impairment (charge)/release	5	15	(10)	-	10
Cash profit/(loss) before income tax	1,488	1,640	1,000	(104)	4,024
Income tax expense	(405)	(446)	(283)	(32)	(1,166)
Cash profit/(loss)	1,083	1,194	717	(136)	2,858
Individually assessed credit impairment charge/(release)	(13)	(54)	-	-	(67)
Collectively assessed credit impairment charge/(release)	8	39	10	-	57
Net loans and advances	17,637	145,232	47,563	32	210,464
Customer deposits	153,576	1,082	109,666	90	264,414
Risk weighted assets	23,674	91,190	50,824	1,218	166,906
September 2025 Full Year v September 2024 Full Year
Net interest income	-3%	3%	large	-42%	11%
Other operating income	0%	-36%	-20%	-83%	-16%
Operating income	-2%	1%	-2%	-30%	-1%
Operating expenses	7%	6%	16%	-67%	7%
Cash profit/(loss) before credit impairment and income tax	-7%	-1%	-23%	-74%	-7%
Credit impairment (charge)/release	large	large	large	n/a	large
Cash profit/(loss) before income tax	-9%	-3%	-21%	-74%	-8%
Income tax expense	-8%	-3%	-10%	-6%	-6%
Cash profit/(loss)	-10%	-4%	-26%	-58%	-9%
Individually assessed credit impairment charge/(release)	large	large	n/a	n/a	large
Collectively assessed credit impairment charge/(release)	large	-79%	large	n/a	large
Net loans and advances	-19%	6%	0%	-28%	3%
Customer deposits	7%	95%	5%	-34%	7%
Risk weighted assets	0%	2%	4%	-3%	2%

1. Comparative information has been restated to align with current period presentation.

DIVISIONAL RESULTS

Institutional

Mark Whelan

	Transaction	Corporate		Central
	Banking1	Finance	Markets	Functions1	Total
September 2025 Half Year	$M	$M	$M	$M	$M
Net interest income	746	1,175	196	4	2,121
Other operating income	360	44	870	(2)	1,272
Operating income	1,106	1,219	1,066	2	3,393
Operating expenses	(436)	(405)	(753)	(26)	(1,620)
Cash profit/(loss) before credit impairment and income tax	670	814	313	(24)	1,773
Credit impairment (charge)/release	14	(15)	(2)	-	(3)
Cash profit/(loss) before income tax	684	799	311	(24)	1,770
Income tax expense	(186)	(221)	(119)	(16)	(542)
Cash profit/(loss)	498	578	192	(40)	1,228
Individually assessed credit impairment charge/(release)	19	7	-	-	26
Collectively assessed credit impairment charge/(release)	(33)	8	2	-	(23)
Net loans and advances	14,343	154,104	47,675	23	216,145
Customer deposits	164,763	2,106	115,298	59	282,226
Risk weighted assets	23,570	93,437	52,811	1,178	170,996
March 2025 Half Year
Net interest income	776	1,164	82	11	2,033
Other operating income	366	28	991	1	1,386
Operating income	1,142	1,192	1,073	12	3,419
Operating expenses	(438)	(403)	(605)	(15)	(1,461)
Cash profit/(loss) before credit impairment and income tax	704	789	468	(3)	1,958
Credit impairment (charge)/release	(36)	(3)	11	-	(28)
Cash profit/(loss) before income tax	668	786	479	(3)	1,930
Income tax expense	(186)	(213)	(137)	(14)	(550)
Cash profit/(loss)	482	573	342	(17)	1,380
Individually assessed credit impairment charge/(release)	14	3	-	-	17
Collectively assessed credit impairment charge/(release)	22	-	(11)	-	11
Net loans and advances	21,141	154,485	40,942	13	216,581
Customer deposits	156,308	1,538	134,620	64	292,530
Risk weighted assets	25,651	97,108	54,451	1,174	178,384
September 2025 Half Year v March 2025 Half Year
Net interest income	-4%	1%	large	-64%	4%
Other operating income	-2%	57%	-12%	large	-8%
Operating income	-3%	2%	-1%	-83%	-1%
Operating expenses	0%	0%	24%	73%	11%
Cash profit/(loss) before credit impairment and income tax	-5%	3%	-33%	large	-9%
Credit impairment (charge)/release	large	large	large	n/a	-89%
Cash profit/(loss) before income tax	2%	2%	-35%	large	-8%
Income tax expense	0%	4%	-13%	14%	-1%
Cash profit/(loss)	3%	1%	-44%	large	-11%
Individually assessed credit impairment charge/(release)	36%	large	n/a	n/a	53%
Collectively assessed credit impairment charge/(release)	large	n/a	large	n/a	large
Net loans and advances	-32%	0%	16%	77%	0%
Customer deposits	5%	37%	-14%	-8%	-4%
Risk weighted assets	-8%	-4%	-3%	0%	-4%

1. Comparative information has been restated to align with current period presentation.

DIVISIONAL RESULTS

Institutional

Mark Whelan

Analysis of Markets operating income[1 ]

Composition of Markets operating income by product Foreign Exchange Rates Credit and Capital Markets Commodities		Half Year
	Sep 25 $M
	376
	226
	102
	55
Franchise Revenue Balance Sheet2 Derivative valuation adjustments3	759	750 1% 1,509 1,550 -3% 301 5% 617 531 16% 22 large 13 103 -87%
	316
	(9)
Markets operating income	1,066	1,073 -1% 2,139 2,184 -2%

1. Markets operating income includes Net interest income and Other operating income.

2. Balance Sheet represents hedging of interest rate risk on the Group’s loan and deposit books and the management of the Group’s liquidity portfolio.

3. Includes funding and credit valuation adjustments net of associated hedges.

Composition of Markets operating income by geography Australia International and PNG1 New Zealand	Half Year Sep 25 $M Mar 25 $M Movt 304 329 -8% 624 627 0% 138 117 18%	Full Year
		Sep 25 $M Sep 24 $M Movt 633 698 -9% 1,251 1,241 1% 255 245 4%
Markets operating income	1,066 1,073 -1%	2,139 2,184 -2%

1. Comprises the countries outside of Australia and New Zealand that form part of the Institutional division. This includes Asia, Europe & America and Papua New Guinea.

DIVISIONAL RESULTS

Institutional Mark Whelan

Market risk

Market risk stems from the Group’s trading and balance sheet management activities and the impact of changes and correlations between interest rates, foreign exchange rates, credit spreads, commodities, equities and the volatility within these asset classes.

The Group manages and controls market risk using Value at Risk (VaR), sensitivity analysis and stress testing. VaR measures the Group’s possible daily loss based on historical market movements.

The Group’s VaR approach for both traded and non-traded risk is historical simulation using changes in market rates, prices and volatilities over the previous 500 business days to calculate standard VaR and a 1-year stressed period to calculate stressed VaR.

VaR is measured at a 99% confidence interval, which means there is a 99% chance that a loss will not exceed the VaR for the relevant holding period.

Traded market risk (excl. Suncorp Bank)

Below are aggregate VaR exposures at a 99% confidence level covering both physical and derivative trading positions for the Group’s (excluding Suncorp Bank) principal trading centres. Suncorp Bank traded market risk is not material and not disclosed separately, refer to 2025 ANZGHL Annual Report Note 18 Financial risk management for disclosure of total Group VaR.

99% confidence level (1 day holding period)

99% confidence level (1 day holding period)
Value at Risk at 99% confidence Foreign exchange Interest rate Credit Commodities Equity Diversification benefit1	High for Low for Avg for As at year year year Sep 25 $M Sep 25 $M Sep 25 $M Sep 25 $M 1.9 8.9 1.7 3.4 3.8 8.5 3.8 5.5 2.9 8.2 1.8 4.1 8.9 11.3 2.3 6.3 - - - - (8.8) n/a n/a (9.6)	High for Low for Avg for As at year year year
		Sep 24 $M Sep 24 $M Sep 24 $M Sep 24 $M 3.2 11.5 2.2 5.0 6.4 19.2 4.8 8.7 5.7 8.1 4.2 6.7 3.3 5.0 1.8 2.9 - - - - (9.9) n/a n/a (10.2)
Total VaR	8.7 13.5 6.8 9.7	8.7 22.5 8.0 13.1

Non-traded interest rate risk (excl. Suncorp Bank)

Non-traded interest rate risk is managed by Markets and relates to the potential adverse impact of changes in market interest rates on future net interest income for the Group and current valuation of the banking book. Interest rate risk is reported using various techniques including VaR and scenario analysis based on a 1% rate shock. Suncorp Bank non-traded interest rate risk is not material and not disclosed separately, refer to 2025 ANZGHL Annual Report Note 18 Financial risk management for disclosure of total Group VaR.

99% confidence level (1 day holding period)

99% confidence level (1 day holding period)
Value at Risk at 99% confidence Australia New Zealand Rest of World Diversification benefit1	High for Low for Avg for As at year year year Sep 25 $M Sep 25 $M Sep 25 $M Sep 25 $M 99.3 99.3 84.4 91.8 23.6 25.5 20.6 23.1 29.7 37.7 22.3 31.5 (51.0) n/a n/a (48.8)	High for Low for Avg for As at year year year
		Sep 24 $M Sep 24 $M Sep 24 $M Sep 24 $M 97.7 97.7 70.8 78.9 27.4 28.2 24.3 25.9 32.9 39.5 29.0 34.8 (63.0) n/a n/a (46.9)
Total VaR	101.6 101.8 94.6 97.6	95.0 99.5 81.3 92.7

Impact of 1% rate shock on the next 12 months’ net interest income[2 ]

As at period end Maximum exposure Minimum exposure Average exposure (in absolute terms)	As at
	Sep 25 Sep 24 1.52% 0.68% 1.58% 1.20% 1.09% 0.27% 1.33% 0.78%

1. The diversification benefit reflects risks that offset across categories. The high and low VaR figures reported for each factor did not necessarily occur on the same day as the high and low VaR reported for the Group as a whole. Consequently, a diversification benefit for high and low would not be meaningful and is therefore omitted from the table.

2. Modelled 1% overnight parallel positive shift in the yield curve to determine the potential impact on Net interest income over the next 12 months. This is a standard risk measure which assumes the parallel shift is reflected in all wholesale and customer rates.

DIVISIONAL RESULTS

New Zealand Antonia Watson

Table reflects NZD for New Zealand (AUD results shown on page 69)

_Table reflects NZD for New Zealand (AUD results shown on page_69)
Net interest income Other operating income	Half Year Sep 25 NZD M Mar 25 NZD M Movt 1,802 1,755 3% 209 214 -2%	Full Year
		Sep 25 NZD M Sep 24 NZD M Movt 3,557 3,408 4% 423 433 -2%
Operating income Operating expenses	2,011 1,969 2% (786) (759) 4%	3,980 3,841 4% (1,545) (1,492) 4%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	1,225 1,210 1% 15 5 large	2,435 2,349 4% 20 (30) large
Cash profit before income tax Income tax expense	1,240 1,215 2% (347) (341) 2%	2,455 2,319 6% (688) (653) 5%
Cash profit	893 874 2%	1,767 1,666 6%
Balance Sheet Net loans and advances Other external assets	139,922 136,454 3% 3,619 3,756 -4%	139,922 134,399 4% 3,619 3,840 -6%
External assets	143,541 140,210 2%	143,541 138,239 4%
Customer deposits Other deposits and borrowings	115,612 113,584 2% 5,329 4,318 23%	115,612 109,810 5% 5,329 4,147 29%
Deposits and other borrowings Other external liabilities	120,941 117,902 3% 16,385 16,744 -2%	120,941 113,957 6% 16,385 16,850 -3%
External liabilities	137,326 134,646 2%	137,326 130,807 5%
Risk weighted assets Average gross loans and advances Average deposits and other borrowings	71,034 65,874 8% 138,997 136,023 2% 119,392 116,653 2%	71,034 67,551 5% 137,514 133,299 3% 118,026 115,040 3%
Net funds management income Funds under management Average funds under management	100 99 1% 41,853 38,861 8% 40,188 39,431 2%	199 200 -1% 41,853 39,663 6% 39,882 39,255 2%
Ratios Return on average RWA Net interest margin Operating expenses to operating income Operating expenses to average assets	2.66% 2.64% 2.60% 2.60% 39.1% 38.5% 1.10% 1.09%	2.65% 2.33% 2.60% 2.57% 38.8% 38.8% 1.10% 1.09%
Individually assessed credit impairment charge/(release) Individually assessed credit impairment charge/(release) as a % of average GLA1 Collectively assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) as a % of average GLA1 Gross impaired assets Gross impaired assets as a % of GLA	8 23 -65% 0.01% 0.03% (23) (28) -18% (0.03%) (0.04%) 172 214 -20% 0.12% 0.16%	31 45 -31% 0.02% 0.03% (51) (15) large (0.04%) (0.01%) 172 171 1% 0.12% 0.13%
Total FTE	6,689 6,680 0%	6,689 6,756 -1%

1. Credit impairment charge/(release) used in the ratio relates to gross loans and advances and off-balance sheet commitments - undrawn and contingent liabilities.

Performance September 2025 v September 2024

Lending volumes increased driven by home loan growth.

Net interest margin increased driven by favourable lending margin, partially offset by unfavourable deposit margin.
Other operating income decreased driven by lower card revenue.
Operating expenses increased driven by inflationary impacts, partially offset by lower restructuring expense, lower investment spend, and benefits from productivity initiatives.
Credit impairment decreased driven by lower collectively assessed credit impairment, and lower individually assessed credit impairment charge.

Performance September 2025 v March 2025

Lending volumes increased driven by home loan growth.

Net interest margin was flat as favourable lending margin was offset by unfavourable deposit margin.
Other operating income decreased driven by lower card revenue.
Operating expenses increased driven by inflationary impacts, higher investment spend, and higher restructuring expense, partially offset by benefits from productivity initiatives.
Credit impairment decreased driven by lower individually assessed credit impairment charge and lower collectively assessed credit impairment.

DIVISIONAL RESULTS

New Zealand

Antonia Watson

Individually assessed credit impairment charge/(release) Personal Home Loans Other Business & Agri	Half Year Sep 25 NZD M Mar 25 NZD M Movt 15 14 7% 3 3 0% 12 11 9% (7) 9 large	Full Year	Full Year
		Sep 25 NZD M Sep 24 NZD M Movt 29 23 26% 6 4 50% 23 19 21% 2 22 -91%




Individually assessed credit impairment charge/(release)	8 23 -65%	31 45 -31%
Collectively assessed credit impairment charge/(release) Personal Home Loans Other Business & Agri	Half Year Sep 25 NZD M Mar 25 NZD M Movt (25) 6 large 14 (14) large (39) 20 large 2 (34) large	Full Year
		Sep 25 NZD M Sep 24 NZD M Movt (19) (40) -53% - 5 -100% (19) (45) -58% (32) 25 large




Collectively assessed credit impairment charge/(release)	(23) (28) -18%		(51) (15) large
Net loans and advances Personal Home Loans Other Business & Agri	As at		Movement
			Sep 25 v. Mar 25 Sep 25 v. Sep 24 2% 5% 2% 5% 2% 1% 3% 2%
Net loans and advances	139,922 136,454 134,399		3% 4%
Customer deposits Personal Business & Agri	As at Sep 25 NZD M Mar 25 NZD M Sep 24 NZD M 96,544 94,401 91,814 19,068 19,183 17,996		Movement
			Sep 25 v. Mar 25 Sep 25 v. Sep 24 2% 5% -1% 6%
Customer deposits	115,612 113,584 109,810		2% 5%

DIVISIONAL RESULTS

New Zealand

Antonia Watson

September 2025 Full Year Net interest income Other operating income	Personal NZD M Business & Agri NZD M Central Functions NZD M Total NZD M
	2,590 959 8 3,557
	381 43 (1) 423
Operating income Operating expenses	2,971 1,002 7 3,980
	(1,237) (299) (9) (1,545)
Cash profit before credit impairment and income tax Credit impairment (charge)/release	1,734 703 (2) 2,435
	(10) 30 - 20
Cash profit before income tax Income tax expense	1,724 733 (2) 2,455
	(483) (205) - (688)
Cash profit	1,241 528 (2) 1,767
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets
	29 2 - 31
	(19) (32) - (51)
	115,598 24,324 - 139,922
	96,544 19,068 - 115,612
	46,034 21,812 3,188 71,034
September 2024 Full Year Net interest income Other operating income	2,383 1,013 12 3,408 386 47 - 433
Operating income Operating expenses	2,769 1,060 12 3,841 (1,212) (276) (4) (1,492)
Cash profit before credit impairment and income tax Credit impairment (charge)/release	1,557 784 8 2,349 17 (47) - (30)
Cash profit before income tax Income tax expense	1,574 737 8 2,319 (444) (207) (2) (653)
Cash profit	1,130 530 6 1,666
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets	23 22 - 45 (40) 25 - (15) 110,447 23,952 - 134,399 91,814 17,996 - 109,810 42,861 21,776 2,914 67,551
September 2025 Full Year v September 2024 Full Year Net interest income Other operating income	9% -5% -33% 4% -1% -9% n/a -2%
Operating income Operating expenses	7% -5% -42% 4% 2% 8% large 4%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	11% -10% large 4% large large n/a large
Cash profit before income tax Income tax expense	10% -1% large 6% 9% -1% large 5%
Cash profit	10% 0% large 6%
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets	26% -91% n/a -31% -53% large n/a large 5% 2% n/a 4% 5% 6% n/a 5% 7% 0% 9% 5%

DIVISIONAL RESULTS

New Zealand

Antonia Watson

September 2025 Half Year Net interest income Other operating income	Personal NZD M Business & Agri NZD M Central Functions NZD M Total NZD M
	1,317 481 4 1,802
	188 21 - 209
Operating income Operating expenses	1,505 502 4 2,011
	(629) (153) (4) (786)
Cash profit before credit impairment and income tax Credit impairment (charge)/release	876 349 - 1,225
	10 5 - 15
Cash profit before income tax Income tax expense	886 354 - 1,240
	(248) (99) - (347)
Cash profit	638 255 - 893
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets
	15 (7) - 8
	(25) 2 - (23)
	115,598 24,324 - 139,922
	96,544 19,068 - 115,612
	46,034 21,812 3,188 71,034
March 2025 Half Year Net interest income Other operating income	1,273 478 4 1,755 193 22 (1) 214
Operating income Operating expenses	1,466 500 3 1,969 (608) (146) (5) (759)
Cash profit before credit impairment and income tax Credit impairment (charge)/release	858 354 (2) 1,210 (20) 25 - 5
Cash profit before income tax Income tax expense	838 379 (2) 1,215 (235) (106) - (341)
Cash profit	603 273 (2) 874
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets	14 9 - 23 6 (34) - (28) 112,818 23,636 - 136,454 94,401 19,183 - 113,584 42,158 20,581 3,135 65,874
September 2025 Half Year v March 2025 Half Year Net interest income Other operating income	3% 1% 0% 3% -3% -5% large -2%
Operating income Operating expenses	3% 0% 33% 2% 3% 5% -20% 4%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	2% -1% large 1% large -80% n/a large
Cash profit before income tax Income tax expense	6% -7% large 2% 6% -7% n/a 2%
Cash profit	6% -7% large 2%
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets	7% large n/a -65% large large n/a -18% 2% 3% n/a 3% 2% -1% n/a 2% 9% 6% 2% 8%

DIVISIONAL RESULTS

New Zealand Antonia Watson

Table reflects AUD for New Zealand (NZD results shown on page 65)

_Table reflects AUD for New Zealand (NZD results shown on page_65)
Net interest income Other operating income		Half Year
	Sep 25 $M
	1,650
	192
Operating income Operating expenses	1,842	1,782 3% 3,624 3,542 2% (685) 5% (1,407) (1,376) 2%
	(722)
Cash profit before credit impairment and income tax Credit impairment (charge)/release	1,120	1,097 2% 2,217 2,166 2% 4 large 19 (28) large
	15
Cash profit before income tax Income tax expense	1,135	1,101 3% 2,236 2,138 5% (309) 3% (627) (602) 4%
	(318)
Cash profit	817	792 3% 1,609 1,536 5%
Consisting of: Personal Business & Agri Central Functions		547 7% 1,130 1,042 8% 247 -5% 481 489 -2% (2) -100% (2) 5 large
	583
	234
	-
Cash profit	817	792 3% 1,609 1,536 5%
Balance Sheet Net loans and advances Other external assets		124,052 -1% 122,925 123,504 0% 3,415 -7% 3,179 3,528 -10%
	122,925
	3,179
External assets	126,104	127,467 -1% 126,104 127,032 -1%
Customer deposits Other deposits and borrowings	101,568	103,260 -2% 101,568 100,907 1% 3,926 19% 4,682 3,811 23%
	4,682
Deposits and other borrowings Other external liabilities	106,250	107,186 -1% 106,250 104,718 1% 15,222 -5% 14,394 15,485 -7%
	14,394
External liabilities	120,644	122,408 -1% 120,644 120,203 0%
Risk weighted assets Average gross loans and advances Average deposits and other borrowings	62,405	59,887 4% 62,405 62,075 1% 123,167 3% 125,234 122,922 2% 105,628 4% 107,486 106,084 1%
	127,290
	109,335
Net funds management income Funds under management Average funds under management	91	90 1% 181 185 -2% 35,328 4% 36,768 36,448 1% 35,704 3% 36,319 36,200 0%
	36,768
	36,802
Ratios Return on average RWA Net interest margin Operating expenses to operating income Operating expenses to average assets		2.64% 2.65% 2.33% 2.60% 2.60% 2.57% 38.5% 38.8% 38.8% 1.09% 1.10% 1.09%
	2.66%
	2.60%
	39.1%
	1.10%
Individually assessed credit impairment charge/(release) Individually assessed credit impairment charge/(release) as a % of average GLA1 Collectively assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) as a % of average GLA1 Gross impaired assets Gross impaired assets as a % of GLA	7	21 -67% 28 42 -33% 0.03% 0.02% 0.03% (25) -12% (47) (14) large (0.04%) (0.04%) (0.01%) 195 -23% 151 158 -4% 0.16% 0.12% 0.13%
	0.01%
	(22)
	(0.03%)
	151
	0.12%
Total FTE	6,689	6,680 0% 6,689 6,756 -1%

1. Credit impairment charge/(release) used in the ratio relates to gross loans and advances and off-balance sheet commitments - undrawn and contingent liabilities.

DIVISIONAL RESULTS

Suncorp Bank Bruce Rush

The reported results for the September 2024 full year includes 2 months results for Suncorp Bank.

Net interest income1 Other operating income	Half Year Sep 25 $M Mar 25 $M Movt 817 823 -1% 36 30 20%	Full Year
		Sep 25 $M Sep 24 $M Movt 1,640 251 large 66 6 large
Operating income Operating expenses	853 853 0% (640) (433) 48%	1,706 257 large (1,073) (188) large
Cash profit before credit impairment and income tax Credit impairment (charge)/release	213 420 -49% (25) (11) large	633 69 large (36) (243) -85%
Cash profit/(loss) before income tax Income tax (expense)/benefit	188 409 -54% (56) (123) -54%	597 (174) large (179) 52 large
Cash profit/(loss)	132 286 -54%	418 (122) large
Balance Sheet Net loans and advances Other external assets2	73,214 71,517 2% 16,155 17,268 -6%	73,214 70,871 3% 16,155 16,314 -1%
External assets	89,369 88,785 1%	89,369 87,185 3%
Customer deposits Other external liabilities	56,242 55,586 1% 26,549 26,897 -1%	56,242 54,715 3% 26,549 26,895 -1%
External liabilities	82,791 82,483 0%	82,791 81,610 1%
Risk weighted assets Average gross loans and advances3 Average deposits and other borrowings3	36,178 33,280 9% 72,957 71,327 2% 63,533 62,837 1%	36,178 33,422 8% 72,144 11,916 large 63,186 10,488 large
Ratios Return on average RWA Net interest margin Operating expenses to operating income Operating expenses to average assets	0.77% 1.72% 2.05% 2.12% 75.0% 50.8% 1.42% 1.00%	1.24% -2.21% 2.08% 1.93% 62.9% 73.2% 1.21% 1.30%
Individually assessed credit impairment charge/(release) Individually assessed credit impairment charge/(release) as a % of average GLA3,4 Collectively assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) as a % of average GLA3,4 Gross impaired assets Gross impaired assets as a % of GLA	9 14 -36% 0.02% 0.04% 16 (3) large 0.04% (0.01%) 162 123 32% 0.22% 0.17%	23 (1) large 0.03% (0.01%) 13 244 -95% 0.02% 2.05% 162 66 large 0.22% 0.09%
Total FTE	2,671 2,791 -4%	2,671 2,798 -5%

1. September 2025 half includes $36 million from unwinding of acquisition related fair value adjustments recognised against loans and advances, deposits and debt issuance over the residual maturities of the underlying financial assets and liabilities (Mar 25 half: $50 million; Sep 24 full year: nil).

2. 30 September 2025 includes final goodwill of $1,346 million (provisional balance prior to PPA completion as at Mar 25: $1,205 million; Sep 24: $1,402 million). Refer to Note 8 Suncorp Bank acquisition for further information.

3. September 2024 full year based on 2 months of balances from the date of acquisition.

4. Credit impairment charge/(release) used in the ratio relates to gross loans and advances and off-balance sheet commitments - undrawn and contingent liabilities.

Performance September 2025 v September 2024

As Suncorp Bank was acquired by the Group on 31 July 2024, the reported results for the September 2025 and 2024 full years include 12 months and 2 months results respectively.

September 2024 full year included Suncorp Bank acquisition related adjustments. The after-tax charge of $196 million comprised collectively assessed credit impairment charge of $244 million from acquisition accounting adjustment in respect of the acquired Suncorp Bank performing loans and advances, accelerated software amortisation expense of $36 million, and income tax expense of $84 million.

Performance September 2025 v March 2025

Lending volumes increased driven by home loan growth.

Net interest margin decreased driven by lower unwind of PPA fair value adjustment, lower asset margin from pricing competition, and unfavourable deposit margin, partially offset by higher earnings on replicating portfolio.
Operating expenses increased driven by restructuring expenses relating to migration associated expenses, partially offset by benefits from productivity initiatives.
Credit impairment increased driven by higher collectively assessed credit impairment, partially offset by lower individually assessed credit impairment.

DIVISIONAL RESULTS

Pacific

Antonia Watson

Net interest income Other operating income		Half Year Mar 25 $M Movt 55 -4% 44 2%	Full Year
	Sep 25 $M		Sep 25 $M Sep 24 $M Movt 108 123 -12% 89 91 -2%
	53
	45
Operating income Operating expenses	98	99 -1% (74) -5%	197 214 -8% (144) (138) 4%
	(70)
Cash profit before credit impairment and income tax Credit impairment (charge)/release	28	25 12% 3 -67%	53 76 -30% 4 8 -50%
	1
Cash profit before income tax Income tax expense Non-controlling interests	29	28 4% (7) -29% (1) 0%	57 84 -32% (12) (22) -45% (2) (2) 0%
	(5)
	(1)
Cash profit	23	20 15%	43 60 -28%
Balance Sheet Net loans and advances Customer deposits Risk weighted assets Total FTE		1,749 -3% 3,718 0% 3,762 0% 1,014 -3%	1,698 1,665 2% 3,733 3,565 5% 3,767 3,588 5% 986 985 0%
	1,698
	3,733
	3,767
	986

Group Centre

Share of associates' profit/(loss) PT Panin impairment Operating income (other)		Half Year
	Sep 25 $M
	38
	(285)
	210
Operating income Operating expenses1	(37)	239 large 202 514 -61% (553) 97% (1,640) (1,141) 44%
	(1,087)
Cash profit/(loss) before credit impairment and income tax Credit impairment (charge)/release	(1,124)	(314) large (1,438) (627) large - n/a (6) (2) large
	(6)
Cash profit/(loss) before income tax Income tax (expense)/benefit Non-controlling interests	(1,130)	(314) large (1,444) (629) large 64 large 242 106 large (20) -5% (39) (33) 18%
	178
	(19)
Cash profit/(loss)	(971)	(270) large (1,241) (556) large
Risk weighted assets Total FTE		25,938 -36% 16,664 18,200 -8% 11,838 -3% 11,481 11,433 0%
	16,664
	11,481

1. September 2025 half includes staff redundancies of $198 million and Cashrewards goodwill impairment of $78 million.

DIVISIONAL RESULTS

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PROFIT RECONCILIATION


CONTENTS	Page
Adjustments between statutory profit and cash profit	74
Explanation of adjustments between statutory profit and cash profit	74
Reconciliation of statutory profit to cash profit	75

PROFIT RECONCILIATION

Non-IFRS information

Statutory profit is prepared in accordance with the recognition and measurement requirements of Australian Accounting Standards, which comply with IFRS. The Group provides additional measures of performance in the Results Announcement which are prepared on a basis other than in accordance with accounting standards. The guidance provided in ASIC Regulatory Guide 230 has been followed when presenting this information.

Adjustments between statutory profit and cash profit

Cash profit represents the Group’s preferred measure of the result of the core business activities of the Group, enabling readers to assess Group and divisional performance against prior periods and against peer institutions. To calculate cash profit, the Group excludes non-core items from statutory profit (refer to Definitions on pages 107 to 109 for further information). The adjustments made in arriving at cash profit are included in statutory profit which is subject to audit within the context of the external auditor’s audit of the 2025 ANZGHL Annual Report. Cash profit is not subject to audit by the external auditor. A number of intangible assets were recognised as part of the Suncorp Bank acquisition accounting and the amortisation of these intangible assets is treated as a cash profit adjustment from the March 2025 half. Except for this new item, the cash profit adjustments have been determined on a consistent basis across each period presented.

Statutory profit attributable to shareholders of the Company Adjustments between statutory profit and cash profit Economic hedges Revenue and expense hedges Amortisation of acquired intangible assets		Half Year
	Sep 25 $M
	2,249




	39
	(112)
	43
Total adjustments between statutory profit and cash profit	(30)	(74) -59% (104) 190 large
Cash profit	2,219	3,568 -38% 5,787 6,725 -14%

Explanation of adjustments between statutory profit and cash profit

Economic hedges

The Group enters into economic hedges to manage its interest rate and foreign exchange risk which, in accordance with accounting standards, result in fair value gains and losses being recognised in the Income Statement. This includes gains and losses arising from approved classes of derivatives not designated in accounting hedge relationships, but which are considered to be economic hedges, as well as ineffectiveness from designated accounting hedges.

Economic hedges comprise:

Derivatives (primarily cross currency interest rate swaps) used to convert the proceeds of foreign currency debt issuances into floating rate Australian dollar and New Zealand dollar debt that do not qualify for hedge accounting. The main drivers of these fair value movements are currency basis spreads and Australian dollar and New Zealand dollar fluctuations against other major funding currencies.
Economic hedges of select structured finance and specialised leasing transactions that do not qualify for hedge accounting. The main drivers of these fair value adjustments are movements in the Australian and New Zealand term structure of interest rates.
Ineffectiveness arising from differences in certain factors between the hedged items and the hedging instruments.

The Group removes the fair value adjustments from cash profit since the profit or loss will reverse over time to match with the profit or loss from the underlying hedged item.

In the September 2025 full year, the gains on economic hedges related to funding-related swaps mainly from the strengthening of the USD against the AUD and NZD.

Revenue and expense hedges

The Group enters into economic hedges to manage exposures from larger foreign exchange denominated revenue and expense streams, primarily NZD and USD (and USD correlated). In the September 2025 full year, the gain on revenue and expense hedges was driven by the appreciation of AUD against the NZD.

Amortisation of acquired intangible assets

The acquisition of Suncorp Bank resulted in the recognition of intangible assets of $685 million comprising core deposit and brand intangibles, which are being amortised over their useful lives ranging between 3 to 6 years. The amortisation is removed from cash profit as the assets and associated amortisation only arise through acquisition accounting and would not occur in the ordinary course of business.

PROFIT RECONCILIATION

Reconciliation of statutory profit to cash profit

Statutory profit $M September 2025 Full Year Net interest income 17,961 Other operating income 4,225	Adjustments to statutory profit Economic hedges Revenue and expense hedges Amortisation of acquired intangible assets Total adjustments to statutory profit Cash profit $M $M $M $M $M


	- - - - 17,961
	(178) (109) - (287) 3,938
Operating income 22,186 (178) (109) - (287) 21,899 Operating expenses (13,023) - - 143 143 (12,880)	(178) (109) - (287) 21,899
Profit/(Loss) before credit impairment and tax 9,163 (178) (109) 143 (144) 9,019 Credit impairment (charge)/release (441) - - - - (441)
Profit/(Loss) before income tax 8,722 (178) (109) 143 (144) 8,578 Income tax (expense)/benefit (2,790) 50 33 (43) 40 (2,750) Non-controlling interests (41) - - - - (41)
Profit/(Loss) 5,891 (128) (76) 100 (104) 5,787
September 2024 Full Year Net interest income 16,069 - - - - 16,069 Other operating income 4,478 368 (106) - 262 4,740
Operating income 20,547 368 (106) - 262 20,809 Operating expenses (10,741) - - - - (10,741)
Profit/(Loss) before credit impairment and tax 9,806 368 (106) - 262 10,068 Credit impairment (charge)/release (406) - - - - (406)
Profit/(Loss) before income tax 9,400 368 (106) - 262 9,662 Income tax (expense)/benefit (2,830) (104) 32 - (72) (2,902) Non-controlling interests (35) - - - - (35)
Profit/(Loss) 6,535 264 (74) - 190 6,725

PROFIT RECONCILIATION

			Adjustments to statutory profit	Adjustments to statutory profit
				Amortisation of
			Revenue and	acquired	Total
		Economic	expense	intangible	adjustments to
	Statutory profit	hedges	hedges	assets	statutory profit	Cash profit
	$M	$M	$M	$M	$M	$M
September 2025 Half Year
Net interest income	9,092	-	-	-	-	9,092
Other operating income	1,915	58	(161)	-	(103)	1,812
Operating income	11,007	58	(161)	-	(103)	10,904
Operating expenses	(7,199)	-	-	61	61	(7,138)
Profit/(Loss) before credit impairment and tax	3,808	58	(161)	61	(42)	3,766
Credit impairment (charge)/release	(296)	-	-	-	-	(296)
Profit/(Loss) before income tax	3,512	58	(161)	61	(42)	3,470
Income tax (expense)/benefit	(1,243)	(19)	49	(18)	12	(1,231)
Non-controlling interests	(20)	-	-	-	-	(20)
Profit/(Loss)	2,249	39	(112)	43	(30)	2,219
March 2025 Half Year
Net interest income	8,869	-	-	-	-	8,869
Other operating income	2,310	(236)	52	-	(184)	2,126
Operating income	11,179	(236)	52	-	(184)	10,995
Operating expenses	(5,824)	-	-	82	82	(5,742)
Profit/(Loss) before credit impairment and tax	5,355	(236)	52	82	(102)	5,253
Credit impairment (charge)/release	(145)	-	-	-	-	(145)
Profit/(Loss) before income tax	5,210	(236)	52	82	(102)	5,108
Income tax (expense)/benefit	(1,547)	69	(16)	(25)	28	(1,519)
Non-controlling interests	(21)	-	-	-	-	(21)
Profit/(Loss)	3,642	(167)	36	57	(74)	3,568

PROFIT RECONCILIATION

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CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


CONTENTS	Page
Condensed Consolidated Income Statement	79
Condensed Consolidated Statement of Comprehensive Income	80
Condensed Consolidated Balance Sheet	81
Condensed Consolidated Cash Flow Statement	82
Condensed Consolidated Statement of Changes in Equity	83
Notes to Condensed Consolidated Financial Statements	84

CONDENSED CONSOLIDATED INCOME STATEMENT

ANZ Group Holdings Limited

ANZGHL Note Interest income1 Interest expense	Half Year Sep 25 $M Mar 25 $M Movt 31,189 32,734 -5% (22,097) (23,865) -7%	Full Year
		Sep 25 $M Sep 24 $M Movt 63,923 60,639 5% (45,962) (44,570) 3%
Net interest income 1 Other operating income 1	9,092 8,869 3% 1,915 2,310 -17%	17,961 16,069 12% 4,225 4,478 -6%
Operating income Operating expenses 2	11,007 11,179 -2% (7,199) (5,824) 24%	22,186 20,547 8% (13,023) (10,741) 21%
Profit before credit impairment and income tax Credit impairment (charge)/release 5	3,808 5,355 -29% (296) (145) large	9,163 9,806 -7% (441) (406) 9%
Profit before income tax Income tax expense	3,512 5,210 -33% (1,243) (1,547) -20%	8,722 9,400 -7% (2,790) (2,830) -1%
Profit for the period	2,269 3,663 -38%	5,932 6,570 -10%
Comprising: Profit attributable to shareholders of the Company Profit attributable to non-controlling interests 7	2,249 3,642 -38% 20 21 -5%	5,891 6,535 -10% 41 35 17%
Earnings per ordinary share (cents) Basic 3 Diluted 3 Dividend per ordinary share (cents)	75.6 122.5 -38% 75.4 119.3 -37% 83 83 0%	198.2 217.9 -9% 196.5 215.1 -9% 166 166 0%

1. Includes interest income calculated using effective interest method on financial assets measured at amortised cost or fair value through other comprehensive income of $28,756 million for the September 2025 half (Mar 25 half: $30,274 million, Sep 24 full year: $55,678 million).

The notes appearing on pages 84 to 94 form an integral part of the Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

ANZ Group Holdings Limited

Profit for the period Other comprehensive income Items that will not be reclassified subsequently to profit or loss Investment securities - equity securities at FVOCI Other reserve movements1 Items that may be reclassified subsequently to profit or loss Foreign currency translation reserve Cash flow hedge reserve Other reserve movements Income tax attributable to the above items Share of associates' other comprehensive income2	Full Year
	Sep 25 $M Sep 24 $M Movt 5,932 6,570 -10% (207) (25) large (59) (17) large (602) (930) -35% 843 2,069 -59% 508 (774) large (316) (388) -19% 12 (23) large
Total comprehensive income for the period	6,111 6,482 -6%
Comprising total comprehensive income attributable to: Shareholders of the Company Non-controlling interests1	6,105 6,457 -5% 6 25 -76%

1. Includes foreign currency translation differences attributable to non-controlling interests of -$35 million (Sep 24 full year: $10 million).

2. Share of associates’ other comprehensive income, that may be reclassified subsequently to profit or loss, includes:

	*Sep 25* *full year* $M	*Sep 24* *full year* $M
FVOCI reserve gain/(loss)	18	(10)
Defined benefits gain/(loss)	(6)	(13)
*Total*	12	*(23)*

The notes appearing on pages 84 to 94 form an integral part of the Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED BALANCE SHEET

ANZ Group Holdings Limited

ANZGHL Assets Note Cash and cash equivalents Settlement balances owed to ANZ Collateral paid Trading assets Derivative financial instruments Investment securities Net loans and advances 4 Regulatory deposits Investments in associates Current tax assets Deferred tax assets Goodwill and other intangible assets Premises and equipment Other assets	As at Sep 25 $M Mar 25 $M Sep 24 $M 155,211 195,791 150,967 23,394 6,225 5,484 9,831 10,464 10,090 48,248 45,745 45,755 47,480 49,552 54,370 165,693 155,377 140,549 829,456 820,202 803,382 541 644 665 1,142 1,496 1,444 33 256 46 3,287 3,128 3,254 5,765 5,865 5,511 2,144 2,172 2,222 4,883 5,692 5,376	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -21% 3% large large -6% -3% 5% 5% -4% -13% 7% 18% 1% 3% -16% -19% -24% -21% -87% -28% 5% 1% -2% 5% -1% -4% -14% -9%
Total assets	1,297,108 1,302,609 1,229,115	0% 6%
Liabilities Settlement balances owed by ANZ Collateral received Deposits and other borrowings 6 Derivative financial instruments Current tax liabilities Deferred tax liabilities Payables and other liabilities Employee entitlements Other provisions Debt issuances	31,144 16,085 16,188 7,428 10,129 6,583 955,064 972,219 903,554 43,902 44,279 55,254 537 394 360 228 205 78 14,493 15,047 17,851 690 656 646 2,481 1,709 1,585 169,274 169,555 156,388	94% 92% -27% 13% -2% 6% -1% -21% 36% 49% 11% large -4% -19% 5% 7% 45% 57% 0% 8%
Total liabilities	1,225,241 1,230,278 1,158,487	0% 6%
Net assets	71,867 72,331 70,628	-1% 2%
Shareholders' equity Ordinary share capital 7 Reserves 7 Retained earnings 7	28,191 27,860 28,182 (1,555) (990) (1,774) 44,492 44,697 43,449	1% 0% 57% -12% 0% 2%
Share capital and reserves attributable to shareholders of the Company Non-controlling interests 7	71,128 71,567 69,857 739 764 771	-1% 2% -3% -4%
Total shareholders' equity	71,867 72,331 70,628	-1% 2%

The notes appearing on pages 84 to 94 form an integral part of the Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED CASH FLOW STATEMENT

ANZ Group Holdings Limited

ANZ Group Holdings Limited
Profit for the period Adjustments to reconcile to net cash provided by/(used in) operating activities: Allowance for expected credit losses Impairment of investment in associates Goodwill and other intangible assets impairments Depreciation and amortisation Net derivatives/foreign exchange adjustment (Gain)/loss on sale from divestments Other non-cash movements Net (increase)/decrease in operating assets: Collateral paid Trading assets Net loans and advances Other assets Net increase/(decrease) in operating liabilities: Deposits and other borrowings Settlement balances owed by ANZ Collateral received Other liabilities	Full Year
	Sep 25 $M Sep 24 $M 5,932 6,570 441 406 285 - 149 9 1,083 926 3,868 3,244 - 21 47 12 579 (1,968) (20,740) (3,204) (29,358) (33,546) 13 (294) 50,405 41,945 15,331 (2,905) 595 (3,368) (2,520) 2,104
Total adjustments	20,178 3,382
Net cash provided by/(used in) operating activities1	26,110 9,952
Cash flows from investing activities Acquisition of Suncorp Bank, net of cash acquired Investment securities assets: Purchases Proceeds from sale or maturity Proceeds from divestments, net of cash disposed Net investments in other assets	- (4,914) (83,296) (84,777) 59,813 47,542 - 668 (453) (640)
Net cash provided by/(used in) investing activities	(23,936) (42,121)
Cash flows from financing activities Deposits and other borrowings (repaid) / drawn down Debt issuances:2 Issue proceeds Redemptions Dividends paid3 On-market purchase of treasury shares Repayment of lease liabilities Share buy-back ANZ Bank New Zealand Perpetual Preference Shares	(1,429) (1,014) 45,938 50,604 (38,584) (25,367) (4,573) (5,252) (126) (126) (323) (309) (291) (883) - 252
Net cash provided by/(used in) financing activities	612 17,905
Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Effects of exchange rate changes on cash and cash equivalents	2,786 (14,264) 150,967 168,154 1,458 (2,923)
Cash and cash equivalents at end of period	155,211 150,967

1. Net cash provided by/(used in) operating activities includes interest received of $63,968 million (Sep 24 full year: $59,618 million), interest paid of $48,869 million (Sep 24 full year: $43,476 million) and income taxes paid of $3,080 million (Sep 24 full year: $2,925 million).

2. Non-cash movements on debt issuances include a loss of $5,542 million (Sep 24 full year: $711 million gain) from unrealised movements primarily due to fair value hedge adjustments and foreign exchange differences.

3. Cash outflow for shares purchased to satisfy the dividend reinvestment plan are classified in Dividends paid.

The notes appearing on pages 84 to 94 form an integral part of the Condensed Consolidated Financial Statements.

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

ANZ Group Holdings Limited

				Share capital
				and reserves
	Ordinary			attributable to	Non-	Total
	share		Retained	shareholders of	controlling	shareholders'
	capital	Reserves	earnings	the Company	interests	equity
	$M	$M	$M	$M	$M	$M
As at 1 October 2023	29,082	(1,735)	42,148	69,495	522	70,017
Profit for the period	-	-	6,535	6,535	35	6,570
Other comprehensive income for the period	-	(58)	(20)	(78)	(10)	(88)
Total comprehensive income for the period	-	(58)	6,515	6,457	25	6,482
Transactions with equity holders in their capacity as equity holders:
Dividends paid	-	-	(5,220)	(5,220)	(32)	(5,252)
Share buy-back2	(883)	-	-	(883)	-	(883)
Other equity movements:
Employee share and option plans	(17)	25	4	12	-	12
ANZ Bank New Zealand Perpetual Preference Shares3	-	-	(4)	(4)	256	252
Other items	-	(6)	6	-	-	-
As at 30 September 2024	28,182	(1,774)	43,449	69,857	771	70,628
Profit for the period	-	-	5,891	5,891	41	5,932
Other comprehensive income for the period	-	237	(23)	214	(35)	179
Total comprehensive income for the period	-	237	5,868	6,105	6	6,111
Transactions with equity holders in their capacity as equity holders:
Dividends paid	-	-	(4,847)	(4,847)	(38)	(4,885)
Dividend reinvestment plan1	312	-	-	312	-	312
Share buy-back2	(291)	-	-	(291)	-	(291)
Other equity movements:
Employee share and option plans	(12)	-	2	(10)	-	(10)
Other items	-	(18)	20	2	-	2
As at 30 September 2025	28,191	(1,555)	44,492	71,128	739	71,867

1. 10.8 million shares were issued under the dividend reinvestment plan (DRP) for the 2025 interim dividend (2024 final dividend: nil, 2024 interim dividend: nil, 2023 final dividend: nil). On-market share purchases for the DRP were $192 million (2024: $535 million).

2. The Group commenced a $2.0 billion on-market share buy-back on 3 July 2024. This resulted in 9.7 million shares ($291 million) being cancelled during the September 2025 full year (Sep 24 full year: 29.8 million shares ($883 million)). The Group ceased the remaining $826 million share buy-back on 13 October 2025.

3. Perpetual preference shares issued by ANZ Bank New Zealand Limited, a member of the Group, are considered non-controlling interests to the Group. Refer to Note 7 Shareholders’ equity for further information.

The notes appearing on pages 84 to 94 form an integral part of the Condensed Consolidated Financial Statements.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Basis of preparation

These Condensed Consolidated Financial Statements should be read in conjunction with 2025 ANZGHL Annual Report (when released) and any public announcements made by ANZGHL and its controlled entities (the Group) for the year ended 30 September 2025 in accordance with the continuous disclosure obligations under the Corporations Act 2001 and the ASX Listing Rules .

1. Income

ANZGHL Net interest income Interest income Interest expense Major bank levy		Half Year
	Sep 25 $M


	31,189
	(21,866)
	(231)
Net interest income	9,092	8,869 3% 17,961 16,069 12%
Other operating income Lending fees1 Non-lending fees Commissions Funds management income		215 3% 436 420 4% 1,156 3% 2,347 2,334 1% 29 17% 63 75 -16% 124 2% 251 241 4%

	221
	1,191
	34
	127
Fee and commission income Fee and commission expense	1,573	1,524 3% 3,097 3,070 1% (620) -7% (1,196) (1,085) 10%
	(576)
Net fee and commission income	997	904 10% 1,901 1,985 -4%
Net foreign exchange earnings and other financial instruments income2 Net income from insurance business Share of associates' profit/(loss) Release of foreign currency translation reserve on dissolution of entities Loss on disposal of investment in AmBank PT Panin impairment Other		1,276 -16% 2,346 2,166 8% 46 7% 95 122 -22% 38 0% 76 105 -28% 15 -100% 15 22 -32% - n/a - (21) -100% - n/a (285) - n/a 31 48% 77 99 -22%
	1,070
	49
	38
	-
	-
	(285)
	46
Other income	918	1,406 -35% 2,324 2,493 -7%
Other operating income	1,915	2,310 -17% 4,225 4,478 -6%
Operating income		11,179 -2% 22,186 20,547 8%
	11,007

1. Lending fees exclude fees treated as part of the effective yield calculation in interest income.

2. Includes fair value movements (excluding realised and accrued interest) on derivatives not designated as accounting hedges entered into to manage interest rate and foreign exchange risk, ineffective portions of cash flow hedges, and fair value movements in financial assets and liabilities at fair value through profit or loss.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2. Operating expenses

2. Operating expenses
ANZGHL i) Personnel Salaries and related costs Superannuation costs Equity-settled share-based payments Other	Half Year Sep 25 $M Mar 25 $M Movt 3,045 2,946 3% 259 249 4% 61 61 0% 78 56 39%	Full Year
		Sep 25 $M Sep 24 $M Movt 5,991 5,506 9% 508 446 14% 122 141 -13% 134 85 58%
Personnel	3,443 3,312 4%	6,755 6,178 9%
ii) Premises Rent Depreciation Other	39 48 -19% 216 215 0% 107 85 26%	87 74 18% 431 407 6% 192 178 8%
Premises	362 348 4%	710 659 8%
iii) Technology Depreciation and amortisation Subscription licences and outsourced services Other	265 235 13% 698 633 10% 223 189 18%	500 505 -1% 1,331 1,155 15% 412 255 62%
Technology	1,186 1,057 12%	2,243 1,915 17%
iv) Restructuring1 v) Other Advertising and public relations Professional fees Freight, stationery, postage and communication Card processing fees Amortisation and impairment of other intangible assets2 Non-lending losses, frauds and forgeries3 Cashrewards goodwill impairment Other	687 85 large 113 107 6% 559 397 41% 96 83 16% 43 45 -4% 65 85 -24% 322 61 large 78 - n/a 245 244 0%	772 235 large 220 210 5% 956 770 24% 179 170 5% 88 108 -19% 150 13 large 383 83 large 78 - n/a 489 400 22%
Other	1,521 1,022 49%	2,543 1,754 45%
Operating expenses	7,199 5,824 24%	13,023 10,741 21%

1. September 2025 half includes $585 million of staff redundancies, $97 million of non-staff costs relating to Suncorp Bank migration, and $5 million various other small items.

2. September 2025 half includes $61 million amortisation of acquired intangible assets recognised as part of the acquisition accounting relating to the Suncorp Bank acquisition (Mar 25 half: $82 million; Sep 24 full year: nil).

3. September 2025 half includes $240 million of ASIC penalties.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

3. Earnings per share

Earnings per share Basic earnings per share (cents) Diluted earnings per share (cents)	Half Year Sep 25 Mar 25 Movt 75.6 122.5 -38% 75.4 119.3 -37%	Full Year
		Sep 25 Sep 24 Movt 198.2 217.9 -9% 196.5 215.1 -9%
Reconciliation of earnings used in earnings per share calculations Basic: Profit for the period ($M) Less: Profit attributable to non-controlling interests ($M)	2,269 3,663 -38% 20 21 -5%	5,932 6,570 -10% 41 35 17%
Earnings used in calculating basic earnings per share ($M)	2,249 3,642 -38%	5,891 6,535 -10%
Diluted: Earnings used in calculating basic earnings per share ($M) Add: Interest on convertible subordinated debt ($M)	2,249 3,642 -38% - 198 -100%	5,891 6,535 -10% 357 420 -15%
Earnings used in calculating diluted earnings per share ($M)	2,249 3,840 -41%	6,248 6,955 -10%
Reconciliation of weighted average number of ordinary shares (WANOS) used in earnings per share calculations1 WANOS used in calculating basic earnings per share (M) Add: Weighted average dilutive potential ordinary shares (M)2	2,973.3 2,971.9 0% 8.4 245.8 -97%	2,972.6 2,998.4 -1% 207.3 235.6 -12%
WANOS used in calculating diluted earnings per share (M)	2,981.7 3,217.7 -7%	3,179.9 3,234.0 -2%

1. WANOS excludes the weighted average number of treasury shares held in ANZEST Pty Ltd of 4.2 million for the September 2025 half and 4.3 million for the September 2025 full year (Mar 25 half: 4.5 million; Sep 24 full year: 5.3 million).

2. For the September 2025 half, dilutive potential ordinary shares include share-based payments (options, rights, and deferred shares). For the March 2025 half, September 25 and September 24 full years, dilutive potential ordinary shares includes convertible subordinated debt and share-based payments (options, rights, and deferred shares).

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

4. Net loans and advances

4. Net loans and advances
Australia Overdrafts Credit cards outstanding Commercial bills outstanding Term loans - housing Term loans - non-housing Other	As at Sep 25 $M Mar 25 $M Sep 24 $M 4,615 4,479 4,685 5,119 5,211 5,565 3,739 4,072 4,401 401,534 391,719 382,030 204,024 193,271 190,616 955 916 919	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 3% -1% -2% -8% -8% -15% 3% 5% 6% 7% 4% 4%
Total Australia	619,986 599,668 588,216	3% 5%
New Zealand Overdrafts Credit cards outstanding Term loans - housing Term loans - non-housing	1,010 1,011 1,003 1,080 1,126 1,142 102,011 103,090 102,099 35,601 34,852 35,613	0% 1% -4% -5% -1% 0% 2% 0%
Total New Zealand	139,702 140,079 139,857	0% 0%
Rest of World Overdrafts Credit cards outstanding Term loans - housing Term loans - non-housing Other	394 585 421 6 6 6 452 454 425 68,931 79,420 74,405 - - 5	-33% -6% 0% 0% 0% 6% -13% -7% n/a -100%
Total Rest of World	69,783 80,465 75,262	-13% -7%
Subtotal	829,471 820,212 803,335	1% 3%
Unearned income1 Capitalised brokerage and other origination costs1	(641) (584) (515) 4,500 4,335 4,237	10% 24% 4% 6%
Gross loans and advances	833,330 823,963 807,057	1% 3%
Allowance for ECL (refer to Note 5)	(3,874) (3,761) (3,675)	3% 5%
Net loans and advances	829,456 820,202 803,382	1% 3%

1. Amortised over the expected life of the loan.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

5. Allowance for expected credit losses

Net loans and advances at amortised cost Off-balance sheet commitments - undrawn and contingent facilities Investment securities - debt securities at amortised cost		As at
	Sep 25 Collectively assessed $M Individually assessed $M Total $M Collectively assessed $M	Mar 25 Sep 24 Individually assessed $M Total $M Collectively assessed $M Individually assessed $M Total $M
	3,512 362 3,874 3,415 833 37 870 834 34 - 34 31	346 3,761 3,372 303 3,675 18 852 841 5 846 - 31 34 - 34
Total	4,379 399 4,778 4,280	364 4,644 4,247 308 4,555
Other Comprehensive Income Investment securities - debt securities at FVOCI1	13 - 13 21	- 21 20 - 20

1. For FVOCI assets, the allowance for ECL does not alter the carrying amount which remains at fair value. Instead, the allowance for ECL is recognised in Other comprehensive income with a corresponding charge to profit or loss.

The following tables present the movement in the allowance for ECL.

Net loans and advances at amortised cost

Allowance for ECL is included in Net loans and advances.


Allowance for ECL is included in Net loans and advances.			Stage 3
			Collectively	Individually
	Stage 1	Stage 2	assessed	assessed	Total
	$M	$M	$M	$M	$M
As at 1 October 2023	1,227	1,624	329	366	3,546
Transfer between stages	269	(300)	(103)	134	-
New and increased provisions (net of releases)1	(203)	337	214	328	676
Write-backs	-	-	-	(177)	(177)
Bad debts written-off (excluding recoveries)	-	-	-	(316)	(316)
Foreign currency translation and other movements2	(17)	(8)	3	(32)	(54)
As at 30 September 2024	1,276	1,653	443	303	3,675
Transfer between stages	147	(160)	(61)	74	-
New and increased provisions (net of releases)	(214)	198	109	210	303
Write-backs	-	-	-	(67)	(67)
Bad debts written-off (excluding recoveries)	-	-	-	(172)	(172)
Foreign currency translation and other movements2	17	(1)	8	(2)	22
As at 31 March 2025	1,226	1,690	499	346	3,761
Transfer between stages	204	(174)	(117)	87	-
New and increased provisions (net of releases)	(83)	54	233	185	389
Write-backs	-	-	-	(70)	(70)
Bad debts written-off (excluding recoveries)	-	-	-	(174)	(174)
Foreign currency translation and other movements2	(14)	(12)	6	(12)	(32)
As at 30 September 2025	1,333	1,558	621	362	3,874

1. Includes Suncorp Bank acquisition related collectively assessed allowance for ECL. Under accounting standards, these were initially recognised as Stage 1, and where relevant moving to Stage 2 after the date of acquisition, all presented within New and increased provisions (net of releases).

2. Other movements include the impact of discounting on expected cash flows for individually assessed allowances for ECL.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

5. Allowance for expected credit losses, cont’d

Off-balance sheet commitments - undrawn and contingent facilities Allowance for ECL is included in Other provisions.

	Stage 3 Stage 1 $M Stage 2 $M Collectively assessed $M Individually assessed $M Total $M
As at 1 October 2023 Transfer between stages New and increased provisions (net of releases) Write-backs Foreign currency translation	630 162 25 10 827 34 (31) (3) - - 10 27 3 3 43 - - - (7) (7) (16) (2) 2 (1) (17)
As at 30 September 2024	658 156 27 5 846
Transfer between stages New and increased provisions (net of releases) Write-backs Foreign currency translation	19 (18) (2) 1 - (60) 26 6 14 (14) - - - (2) (2) 23 - (1) - 22
As at 31 March 2025	640 164 30 18 852
Transfer between stages New and increased provisions (net of releases) Write-backs Foreign currency translation	22 (21) (4) 3 -
	(6) 20 3 16 33
	- - - (1) (1)
	(13) (3) 1 1 (14)
As at 30 September 2025	643 160 30 37 870

Investment securities - debt securities at amortised cost

Allowance for ECL is included in Investment securities.


Allowance for ECL is included in Investment securities.			Stage		3
			Collectively	Individually
	Stage 1	Stage 2	assessed		assessed	Total
	$M	$M	$M		$M	$M
As at 30 September 2024	34	-	-		-	34
As at 31 March 2025	31	-	-		-	31
As at 30 September 2025	34	-	-		-	34

Investment securities - debt securities at FVOCI

For FVOCI assets, the allowance for ECL does not alter the carrying amount which remains at fair value. Instead, the allowance for ECL is recognised in Other comprehensive income with a corresponding charge to profit or loss.

					Stage	Stage	3
					Collectively	Individually
			Stage 1	Stage 2	assessed		assessed	Total
			$M	$M	$M		$M	$M
As at	30	September 2024	20	-	-		-	20
As at	31	March 2025	21	-	-		-	21
As at	30	September 2025	13	-	-		-	13

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

5. Allowance for expected credit losses, cont’d

Credit impairment charge/(release) analysis New and increased provisions (net of releases)1,2 - Collectively assessed - Individually assessed Write-backs3 Recoveries of amounts previously written off	Half Year Sep 25 $M Mar 25 $M Movt 128 (14) large 295 301 -2% (71) (69) 3% (56) (73) -23%	Full Year
		Sep 25 $M Sep 24 $M Movt 114 262 -56% 596 465 28% (140) (184) -24% (129) (137) -6%
Total credit impairment charge/(release)	296 145 large	441 406 9%

1. Includes the impact of transfers between collectively assessed and individually assessed.

2. New and increased provisions (net of releases) includes:

w and increased provisions (net of releases) includes:
	*Sep 2*	*5 half*	*Mar 2*	*5 half*	*Sep 25*	*full year*	*Sep 24*	*full year*
	*Collectively* *assessed* $M	*Individually* *assessed* $M	*Collectively* *assessed* $M	*Individually* *assessed* $M	*Collectively* *assessed* $M	*Individually* *assessed* $M	*Collectively* *assessed* $M	*Individually* *assessed* $M
Net loans and advances at amortised cost Off-balance sheet commitments Investment securities - debt securities at amortised cost Investment securities - debt securities at FVOCI Other financial assets	117 14 5 (8) -	272 19 - - 4	19 (29) (5) 1 -	284 15 - - 2	136 (15) - (7) -	556 34 - - 6	214 40 3 5 -	462 3 - - -
*Total*	*128*	*295*	*(14)*	*301*	*114*	*596*	*262*	*465*

3. Consists of write-backs in Net loans and advances at amortised cost of $70 million for the September 2025 half and $137 million for the September 2025 full year (Mar 25 half: $67 million; Sep 24 full year: $177 million), and Off-balance sheet commitment of $1 million for the September 2025 half and $3 million for the September 2025 full year (Mar 25 half: $2 million; Sep 24 full year: $7 million).

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Key judgements and estimates

The key judgements and assumptions in estimating collectively assessed ECL are presented below. Refer to 2025 ANZGHL Annual Report Note 14 Allowance for expected credit losses for further information.

Base case economic forecast assumptions

The economic drivers of the base case economic forecasts, reflective of ANZ Economics’ view of future macro-economic conditions, used at 30 September 2025 are set out below. For years beyond the near-term forecasts below, the ECL models apply simplified assumptions for the economic conditions to calculate lifetime loss. There is a high level of estimation uncertainty when forming these forecasts.

Australia GDP (annual % change) Unemployment rate (annual average) Residential property prices (annual % change) Consumer price index (annual % change) New Zealand GDP (annual % change) Unemployment rate (annual average) Residential property prices (annual % change) Consumer price index (annual % change) Rest of World GDP (annual % change) Consumer price index (annual % change)	Forecast calendar year
	2025 2026 2027 1.8 2.4 2.4 4.2 4.3 4.0 5.0 5.8 4.8 2.5 2.6 2.4 0.9 2.4 2.7 5.2 4.8 4.3 2.5 5.0 4.5 2.7 1.9 2.0 1.5 1.9 2.0 3.0 2.4 2.0

The base case economic forecasts have been updated to reflect a stabilisation in inflation in both Australia and New Zealand. Near-term growth forecasts have been reduced, reflecting the impacts of global uncertainty. A return to average GDP growth rates is forecast in Australia for 2026. In New Zealand, weaker GDP growth momentum pushes the return to average out to 2027. Further interest rate cuts in both economies are expected to contribute to a recovery in consumer spending. The level of unemployment is elevated in New Zealand but projected to fall, whereas it remains relatively low in Australia.

Probability weightings

Probability weightings for each scenario are determined by management considering the risks and uncertainties surrounding the base case economic scenario including the uncertainties described above.

The assigned probability weightings in Australia, New Zealand and Rest of World are subject to a high degree of inherent uncertainty and therefore the actual outcomes may be significantly different to those projected. The Group considers these weightings in each geography to provide estimates of the possible loss outcomes and taking into account short- and long-term interrelationships within the Group’s credit portfolios.

The average weightings applied across the Group are set out below:

	Sep 25	Mar 25	Sep 24
Group
Base	46%	46%	46%
Upside	1%	1%	1%
Downside	40%	40%	40%
Severe downside	13%	13%	13%

ECL - Sensitivity analysis

Given inherent economic uncertainties and the judgement applied to factors used in determining the expected default of borrowers in future periods, ECL reported by the Group should be considered as a best estimate within a range of possible estimates.

The table below illustrates the sensitivity of the Group’s allowance for collectively assessed ECL to key factors used in determining it at 30 September 2025:

2025:
	Balance
	Sheet	Impact
	$M	$M
If 1% of stage 1 facilities were included in stage 2	4,428	49
If 1% of stage 2 facilities were included in stage 1	4,373	(6)
100% upside scenario	1,550	(2,829)
100% base scenario	1,997	(2,382)
100% downside scenario	4,458	79
100% severe downside scenario	9,913	5,534

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

6. Deposits and other borrowings

6. Deposits and other borrowings ANZGHL
Australia Certificates of deposit Term deposits On demand and short-term deposits Deposits not bearing interest Deposits from banks and securities sold under repurchase agreements Commercial paper and other borrowings	As at Sep 25 $M Mar 25 $M Sep 24 $M 38,184 30,215 34,011 97,468 102,183 102,413 337,908 320,976 308,130 40,664 39,770 39,964 55,657 55,917 44,953 45,785 60,025 46,283	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 26% 12% -5% -5% 5% 10% 2% 2% 0% 24% -24% -1%
Total Australia	615,666 609,086 575,754	1% 7%
New Zealand Certificates of deposit Term deposits On demand and short-term deposits Deposits not bearing interest Deposits from banks and securities sold under repurchase agreements Commercial paper and other borrowings	774 1,213 1,079 53,421 54,438 54,500 57,459 58,246 56,038 15,224 15,405 14,586 3,924 3,182 3,207 3,659 1,931 1,304	-36% -28% -2% -2% -1% 3% -1% 4% 23% 22% 89% large
Total New Zealand	134,461 134,415 130,714	0% 3%
Rest of World Certificates of deposit Term deposits On demand and short-term deposits Deposits not bearing interest Deposits from banks and securities sold under repurchase agreements	6,803 8,153 7,116 117,929 141,641 116,603 22,536 18,136 17,423 5,448 5,770 5,554 52,221 55,018 50,390	-17% -4% -17% 1% 24% 29% -6% -2% -5% 4%
Total Rest of World	204,937 228,718 197,086	-10% 4%

Deposits and other borrowings1	955,064 972,219 903,554	-2% 6%

1. Customer deposits balance of $748,057 million at 30 September 2025 (Mar 25: $756,565 million; Sep 24: $715,211 million) includes Term deposits, On demand and short-term deposits and Deposits not bearing interest.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

7. Shareholders’ equity

Shareholders' Equity

Shareholders' equity Ordinary share capital Reserves Foreign currency translation reserve Share option reserve FVOCI reserve Cash flow hedge reserve Transactions with non-controlling interests reserve	As at Sep 25 $M Mar 25 $M Sep 24 $M 28,191 27,860 28,182 (941) 253 (360) 108 81 108 (870) (1,083) (1,078) 170 (219) (422) (22) (22) (22)	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 1% 0% large large 33% 0% -20% -19% large large 0% 0%
Total reserves Retained earnings	(1,555) (990) (1,774) 44,492 44,697 43,449	57% -12% 0% 2%
Share capital and reserves attributable to shareholders of the Company Non-controlling interests	71,128 71,567 69,857 739 764 771	-1% 2% -3% -4%
Total shareholders' equity	71,867 72,331 70,628	-1% 2%

Ordinary Share Capital

Ordinary shares Opening balance Share buy-back1 Bonus option plan Dividend reinvestment plan issuances	Half Year Sep 25 No. Mar 25 No. 2,971,365,622 2,979,416,260 (231,644) (9,484,274) 1,580,136 1,433,636 10,806,066 -	Full Year
		Sep 25 No. Sep 24 No. 2,979,416,260 3,005,286,886 (9,715,918) (29,749,466) 3,013,772 3,878,840 10,806,066 -
Closing balance Less: Treasury shares	2,983,520,180 2,971,365,622 (4,166,060) (3,994,601)	2,983,520,180 2,979,416,260 (4,166,060) (5,352,012)
Closing balance	2,979,354,120 2,967,371,021	2,979,354,120 2,974,064,248

1. The Group commenced a $2.0 billion on-market share buy-back on 3 July 2024. This resulted in 0.2 million shares ($6 million) being cancelled during the September 2025 half and 9.7 million ($291 million) being cancelled during the September 2025 full year (Mar 25 half: 9.5 million shares ($285 million); Sep 24 full year: 29.8 million shares ($883 million)). The Group ceased the remaining $826 million share buy-back on 13 October 2025.

Non-Controlling Interests

ANZ Bank New Zealand PPS Other non-controlling interests	Profit attributable to non-controlling interests Half Year Full Year Sep 25 $M Mar 25 $M Sep 25 $M Sep 24 $M 20 19 39 32 - 2 2 3	Profit attributable to non-controlling interests Half Year Full Year Sep 25 $M Mar 25 $M Sep 25 $M Sep 24 $M 20 19 39 32 - 2 2 3	Equity attributable to non-controlling interests As at Sep 25 $M Mar 25 $M Sep 24 $M 725 750 758 14 14 13	Dividend paid to non-controlling interests	Dividend paid to non-controlling interests
	Half Year Sep 25 $M Mar 25 $M 20 19 - 2			Half Year Sep 25 $M Mar 25 $M 18 20 - -	Full Year
					Sep 25 $M Sep 24 $M 38 32 - -
Total	20 21	41 35	739 764 771	18 20	38 32

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

8. Suncorp Bank acquisition

On 31 July 2024, the Group acquired 100% of the shares in SBGH Limited, the immediate holding company of Norfina Limited (formerly known as Suncorp-Metway Limited, and trading as Suncorp Bank).

The Group completed its purchase price allocation (PPA), to identify and measure the assets acquired and liabilities assumed at acquisition date. The significant adjustments to provisionally determined balances arising from the PPA exercise included the recognition of core deposit and brand intangible assets, fair value adjustments to gross loans and advances to reflect changes in interest rates and credit since loan origination, provisions for contingent liabilities and related indemnities and related deferred tax balances with a corresponding decrease to goodwill of $56 million. The final goodwill balance of $1,346 million is attributable to the assembled workforce and expected synergies arising from the economies of scale from the integration and consolidation of platforms and funding benefits. It will not be deductible for tax purposes.

The core deposit intangible was valued at $633 million under a discounted cash flow approach using a multi-period excess earnings model to calculate the present value of the funding costs savings obtained, comparing the difference between the cost of existing core deposits and the cost of alternative sources of funding over the expected life of the core deposit base. The discount rates used were calculated using the cost of capital plus a risk premium. The value of the core deposit intangible asset is influenced by its estimated lifespan and by fluctuations in the estimated costs of alternative funding options. The asset will be amortised over its expected life of 6 years.

The table below sets out the PPA adjustments recognised in respect of the 31 July 2024 acquisition balance sheet. Prior periods have not been restated.

		1H25	2H25
	Provisional	Adjustments	Adjustments	Final
Assets acquired and liabilities assumed as at 31 July 2024	$M	$M	$M	$M
Assets
Cash and cash equivalents	1,333	-	-	1,333
Collateral paid	80	-	-	80
Trading assets	2,307	-	-	2,307
Derivative financial instruments	310	-	-	310
Investment securities	9,920	-	-	9,920
Gross loans and advances	69,745	(198)	-	69,547
Deferred tax assets	48	(48)	-	-
Intangible assets	103	685	-	788
Other assets	431	83	(72)	442
Total assets	84,277	522	(72)	84,727
Liabilities
Collateral received	48	-	-	48
Deposits and other borrowings	62,438	(2)	1	62,437
Derivative financial instruments	279	-	-	279
Deferred tax liabilities	-	216	53	269
Payables and other liabilities	731	(6)		725
Provisions	89	127	15	231
Debt issuances	15,847	(10)	-	15,837
Total liabilities	79,432	325	69	79,826
Net assets acquired	4,845	197	(141)	4,901
Cash consideration paid1	6,247	-	-	6,247
Goodwill	1,402	(197)	141	1,346

1. The cash consideration of $6,247 million includes payment for Suncorp Bank’s Tier 2 notes ($606 million) and Capital Notes ($564 million).

9. Contingent liabilities and contingent assets

There are outstanding court proceedings, claims and possible claims for and against the Group. Where relevant, expert legal advice has been obtained and, in the light of such advice, provisions and/or disclosures as deemed appropriate have been made.

Refer to 2025 ANZGHL Annual Report Note 33 Commitments, contingent liabilities and contingent assets for further information.

10. Significant events since balance date

On 13 October 2025, the Group ceased its on-market share buy-back. The Group commenced a $2.0 billion on-market share buy-back of its fully paid ordinary shares on 3 July 2024, resulting in 39.5 million shares being cancelled for a total consideration of $1.2 billion.

Other than the matter above, there have been no significant events from 30 September 2025 to the date of signing this report.

SUPPLEMENTARY INFORMATION


CONTENTS	Page
Capital management	96
Average balance sheet and related interest	100
Select geographical disclosures	105
Exchange rates	106

SUPPLEMENTARY INFORMATION

Capital management

The disclosures below represent the position for ANZ BH Pty Ltd as the head of ANZ’s Level 2 banking group. The capital position for ANZGHL, the head of the Level 3 conglomerate group, is outlined on page 41.

Qualifying Capital Tier 1 Shareholders' equity and non-controlling interests Prudential adjustments to shareholders' equity Table 1	As at Sep 25 $M Mar 25 $M Sep 24 $M 70,445 70,712 68,760 (436) (601) (721)	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 0% 2% -27% -40%
Gross Common Equity Tier 1 capital Deductions Table 2	70,009 70,111 68,039 (14,825) (14,882) (13,570)	0% 3% 0% 9%
Common Equity Tier 1 capital Additional Tier 1 capital Table 3	55,184 55,229 54,469 7,357 7,443 8,207	0% 1% -1% -10%
Tier 1 capital Tier 2 capital Table 4	62,541 62,672 62,676 33,810 32,831 29,189	0% 0% 3% 16%
Total qualifying capital	96,351 95,503 91,865	1% 5%
Capital adequacy ratios (Level 2) Common Equity Tier 1 Tier 1 Tier 2 Total capital ratio	12.0% 11.8% 12.2% 13.6% 13.4% 14.0% 7.4% 7.0% 6.5% 21.0% 20.4% 20.6%
Risk weighted assets Table 5	458,547 468,999 446,582	-2% 3%

SUPPLEMENTARY INFORMATION

Capital management, cont’d

Table 1: Prudential adjustments to shareholders' equity Shareholders' equity attributable to deconsolidated entities Deferred fee revenue including fees deferred as part of loan yields Non-controlling interests and other deductions	As at Sep 25 $M Mar 25 $M Sep 24 $M (226) (266) (278) 546 496 426 (756) (831) (869)	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -15% -19% 10% 28% -9% -13%
Total	(436) (601) (721)	-27% -40%
Table 2: Deductions from Common Equity Tier 1 capital Unamortised goodwill & other intangibles (excluding ANZ New Zealand Investments Holdings Ltd) Intangible component of investments in ANZ New Zealand Investments Holdings Ltd Intangible component of investments in Suncorp Banking Group Holdings Ltd Capitalised software Capitalised expenses (including loan and lease origination fees) Applicable deferred net tax assets Expected losses in excess of eligible provisions Table 8 Investment in other insurance subsidiaries Investment in ANZ New Zealand Investments Holdings Ltd Investment in associates Other equity investments Cash flow hedge reserve and other deductions	(4,165) (4,117) (4,273) (59) (62) (63) (379) (422) - (996) (997) (1,015) (2,550) (2,430) (2,337) (3,720) (3,412) (3,112) (25) (304) (210) (225) (225) (225) (51) (52) (52) (1,140) (1,479) (1,415) (923) (1,175) (1,032) (592) (207) 164	1% -3% -5% -6% -10% n/a 0% -2% 5% 9% 9% 20% -92% -88% 0% 0% -2% -2% -23% -19% -21% -11% large large
Total	(14,825) (14,882) (13,570)	0% 9%
Table 3: Additional Tier 1 capital ANZ Capital Notes 5 ANZ Capital Notes 6 ANZ Capital Notes 7 ANZ Capital Notes 8 ANZ Capital Notes 9 ANZ Capital Securities Regulatory adjustments and deductions	- - 931 1,492 1,491 1,490 1,301 1,300 1,300 1,487 1,486 1,485 1,683 1,682 1,680 1,489 1,544 1,391 (95) (60) (70)	n/a large 0% 0% 0% 0% 0% 0% 0% 0% -4% 7% 58% 36%
Total	7,357 7,443 8,207	-1% -10%
Table 4: Tier 2 capital General reserve for impairment of financial assets Term subordinated debt notes Regulatory adjustments and deductions	` 1,710 1,639 1,712 33,811 32,444 28,584 (1,711) (1,252) (1,107)	4% 0% 4% 18% 37% 55%
Total	33,810 32,831 29,189	3% 16%

SUPPLEMENTARY INFORMATION

Capital management, cont’d

Table 5: Risk weighted assets On balance sheet Commitments Contingents Derivatives	As at Sep 25 $M Mar 25 $M Sep 24 $M 297,931 302,663 293,523 44,534 46,573 41,125 11,274 11,514 11,199 15,844 17,331 15,338	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -2% 2% -4% 8% -2% 1% -9% 3%
Total credit risk weighted assets Market risk - Traded Market risk - IRRBB Operational risk	369,583 378,081 361,185 6,895 6,854 7,823 24,797 21,357 23,052 53,773 50,648 49,650	-2% 2% 1% -12% 16% 8% 6% 8%
Total risk weighted assets	455,048 456,940 441,710	0% 3%
RWA adjustment for the IRB capital floor	3,499 12,059 4,872	-71% -28%
Total risk weighted assets including floor adjustment	458,547 468,999 446,582	-2% 3%
Table 6: Credit risk weighted assets by Basel asset class1 Subject to Advanced IRB approach Corporate Residential mortgage Retail SME Qualifying revolving retail Other retail New Zealand banking subsidiaries	As at Sep 25 $M Mar 25 $M Sep 24 $M 63,726 66,579 62,853 94,135 94,747 90,924 9,419 9,558 9,724 3,032 3,155 3,235 1,642 1,636 1,624 56,254 54,142 -	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -4% 1% -1% 4% -1% -3% -4% -6% 0% 1% 4% n/a
Credit risk weighted assets subject to Advanced IRB approach	228,208 229,817 168,360	-1% 36%

Credit risk weighted assets subject to supervisory slotting approach	13,787 15,360 4,242	-10% large
Subject to Foundation IRB approach Corporate Sovereign Financial institution	34,388 34,587 33,275 10,107 10,983 11,119 23,207 23,781 29,821	-1% 3% -8% -9% -2% -22%
Credit risk weighted assets subject to Foundational IRB approach	67,702 69,351 74,215	-2% -9%
Subject to Standardised approach Corporate Sovereign Bank Residential mortgage Other retail Other assets Specialised lending New Zealand banking subsidiaries	12,237 13,828 14,699 10 - 81 170 170 80 22,407 21,970 21,987 88 167 219 3,440 4,329 4,046 219 143 - 1,830 2,005 -	-12% -17% n/a -88% 0% large 2% 2% -47% -60% -21% -15% 53% n/a -9% n/a
Credit risk weighted assets subject to Standardised approach	40,401 42,612 41,112	-5% -2%

Counterparty Credit Risk (inclusive of QCCP)	13,226 13,809 -	-4% n/a
Credit Valuation Adjustment Credit Valuation Adjustment and Qualifying Central Counterparties Credit risk weighted assets relating to securitisation exposures	3,768 4,736 - - - 3,847 2,491 2,396 2,452	-20% n/a n/a large 4% 2%
Exposures of New Zealand banking subsidiaries	- - 66,957	n/a large

Total credit risk weighted assets	369,583 378,081 361,185	-2% 2%

1. Basel Asset Class categories have been updated to align to the new requirements under APS 330 Public Disclosure effective from 1 January 2025.

SUPPLEMENTARY INFORMATION

Capital management, cont’d

Table 7: Total provision for credit impairment and Basel expected loss by division Australia Retail Australia Commercial Institutional New Zealand Suncorp Bank Pacific Group Centre	Collectively and Individually Assessed Provision Basel Expected Loss1 Sep 25 $M Mar 25 $M Sep 24 $M Sep 25 $M Mar 25 $M Sep 24 $M 1,158 994 979 1,004 906 861 1,175 1,179 1,182 673 698 655 1,575 1,587 1,496 846 982 851 515 559 590 622 813 787 299 268 248 - - - 54 56 57 17 15 14 2 1 3 - 1 -	Collectively and Individually Assessed Provision Basel Expected Loss1 Sep 25 $M Mar 25 $M Sep 24 $M Sep 25 $M Mar 25 $M Sep 24 $M 1,158 994 979 1,004 906 861 1,175 1,179 1,182 673 698 655 1,575 1,587 1,496 846 982 851 515 559 590 622 813 787 299 268 248 - - - 54 56 57 17 15 14 2 1 3 - 1 -
	Sep 25 $M
	1,158
	1,175
	1,575
	515
	299
	54
	2
Total provision for credit impairment and expected loss	4,778	4,644 4,555 3,162 3,415 3,168

1. Only applicable to IRB portfolios.

Table 8: APRA Expected loss in excess of eligible provisions APRA Basel 3 expected loss: non-defaulted Less: Qualifying collectively assessed provision Collectively assessed provision Non-qualifying collectively assessed provision Standardised collectively assessed provision	As at Sep 25 $M Mar 25 $M Sep 24 $M 2,018 2,112 2,065 (4,379) (4,280) (4,247) 651 529 470 351 352 377	Movement
		Sep 25 v. Mar 25 Sep 25 v. Sep 24 -4% -2% 2% 3% 23% 39% 0% -7%
Non-defaulted excess included in deduction APRA Basel 3 expected loss: defaulted Less: Qualifying individually assessed provision Individually assessed provision Additional individually assessed provision for partial write offs Standardised individually assessed provision Collectively assessed provision on IRB defaulted	- - - 1,144 1,303 1,103 (399) (364) (308) (163) (163) (162) 37 32 34 (594) (504) (457)	n/a n/a -12% 4% 10% 30% 0% 1% 16% 9% 18% 30%
Shortfall in expected loss not included in deduction	25 304 210 - - -	-92% -88% n/a n/a
Defaulted excess included in deduction	25 304 210	-92% -88%
Gross deduction	25 304 210	-92% -88%

SUPPLEMENTARY INFORMATION

Average balance sheet and related interest[1 ]

Average balance sheet and related interest1
Loans and advances Home loans2 Consumer finance3 Business lending4 Individual provisions for credit impairment	Sep	25 Full Year Sep 24 Full Year Int Rate Avg bal8 Int Rate $M % $M $M % 28,999 6.6% 376,975 25,551 6.8% 1,113 8.6% 12,745 1,084 8.5% 18,778 5.9% 292,290 18,847 6.4% - n/a (330) - n/a
	Avg bal
	$M

	436,721
	12,960
	320,545
	(331)
Total	769,895	48,890 6.4% 681,680 45,482 6.7%
Non-lending interest earning assets Cash and other liquid assets Trading and investment securities Other assets		6,368 3.3% 177,734 7,124 4.0% 8,659 4.4% 163,647 8,021 4.9% 6 n/a 555 12 n/a
	193,154
	196,080
	559
Total	389,793	15,033 3.9% 341,936 15,157 4.4%
Total interest earning assets5	1,159,688	63,923 5.5% 1,023,616 60,639 5.9%
Non-interest earning assets2	173,927	148,743
Total average assets	1,333,615	1,172,359
Interest bearing deposits and other borrowings Certificates of deposit Term deposits On demand and short term deposits6 Deposits from banks and securities sold under agreement to repurchase Commercial paper and other borrowings		1,884 4.5% 43,775 2,083 4.8% 13,003 4.4% 260,740 13,031 5.0% 14,040 4.1% 313,743 13,463 4.3% 4,708 4.2% 98,684 4,639 4.7% 2,464 4.6% 47,005 2,550 5.4%

	42,216
	296,934
	343,066
	113,427
	53,993
Total	849,636	36,099 4.2% 763,947 35,766 4.7%
Non-deposit interest bearing liabilities Collateral received and settlement balances owed by ANZ Debt issuances & subordinated debt Other liabilities		619 2.2% 23,294 639 2.7% 8,391 5.2% 126,205 7,081 5.6% 853 n/a 13,471 1,084 n/a
	27,753
	161,030
	9,984
Total	198,767	9,863 5.0% 162,970 8,804 5.4%
Total interest bearing liabilities5	1,048,403	45,962 4.4% 926,917 44,570 4.8%
Non-interest bearing liabilities6	212,914	175,148
Total average liabilities	1,261,317	1,102,065

Total average shareholders' equity 7	72,298	70,294

1. Averages used are predominantly daily averages.

2. Home loans are reported net of average mortgage offset balances of $59,575 million for the September 2025 full year (Sep 24 full year: $48,605 million), which are included in non-interest earning assets. While these balances are required to be grossed up under accounting standards, they are netted down for the calculation of customer interest payments and the calculation of the Group’s net interest margin.

3. Consumer finance includes retail products such as credit cards and personal loans, mainly held in the Australia Retail division.

4. Business lending includes commercial loans to small and mid-sized enterprises, in the Australia Commercial and New Zealand divisions, as well as larger corporate customers in the Institutional division.

5. Intra-group interest earning assets and interest income and Intra-group interest earning liabilities and interest expense have been eliminated.

6. On demand and short-term deposits exclude average mortgage offset balances of $59,575 million for the September 2025 full year (Sep 24 full year: $48,605 million), which are included in non-interest bearing liabilities.

7. Includes non-controlling interests.

8. September 2024 full year includes 2 months impact from Suncorp Bank.

100

SUPPLEMENTARY INFORMATION

Average balance sheet and related interest[1] , cont’d

Loans and advances2 Australia New Zealand Rest of World	Sep	25 Full Year Sep 24 Full Year Int Rate Avg bal5 Int Rate $M % $M $M % 35,503 6.5% 468,256 31,025 6.6% 8,358 5.9% 139,388 9,379 6.7% 5,029 6.3% 74,036 5,078 6.9%
	Avg bal
	$M

	548,559
	140,896
	80,440
Total	769,895	48,890 6.4% 681,680 45,482 6.7%
Trading assets and investment securities Australia New Zealand Rest of World		4,757 4.7% 85,316 4,123 4.8% 778 3.9% 17,416 906 5.2% 3,124 4.2% 60,915 2,992 4.9%


	101,972
	19,935
	74,173
Total	196,080	8,659 4.4% 163,647 8,021 4.9%
Total interest earning assets3 Australia New Zealand Rest of World		43,903 5.9% 636,908 39,067 6.1% 9,595 5.6% 169,156 10,996 6.5% 10,425 4.3% 217,552 10,576 4.9%


	741,940
	172,534
	245,214
Total	1,159,688	63,923 5.5% 1,023,616 60,639 5.9%
Total average assets Australia New Zealand Rest of World		727,938 182,035 262,386

	858,023
	187,832
	287,760
Total average assets	1,333,615	1,172,359
Interest bearing deposits and other borrowings4 Australia New Zealand Rest of World		22,770 4.5% 451,984 20,955 4.6% 4,369 3.6% 117,374 5,635 4.8% 8,960 4.0% 194,589 9,176 4.7%

	504,680
	119,728
	225,228
Total	849,636	36,099 4.2% 763,947 35,766 4.7%
Total interest bearing liabilities3 Australia New Zealand Rest of World		30,731 4.7% 574,048 27,719 4.8% 5,292 3.8% 136,716 6,805 5.0% 9,939 3.9% 216,153 10,046 4.6%
	653,413
	140,466
	254,524
Total	1,048,403	45,962 4.4% 926,917 44,570 4.8%
Total average liabilities Australia New Zealand Rest of World		675,546 162,763 263,756

	793,152
	168,931
	299,234
Total average liabilities	1,261,317	1,102,065
Total average shareholders' equity Ordinary share capital, reserves, retained earnings and non-controlling interests		70,294

	72,298
Total average shareholders' equity	72,298	70,294
Total average liabilities and shareholders' equity		1,172,359
	1,333,615

1. Averages used are predominantly daily averages.

3. Intra-group interest earning assets and interest income and Intra-group interest earning liabilities and interest expense have been eliminated.

4. On demand and short-term deposits exclude average mortgage offset balances of $59,575 million for the September 2025 full year (Sep 24 full year: $48,605 million), which are included in non-interest bearing liabilities.

5. September 2024 full year includes 2 months impact from Suncorp Bank.

101

SUPPLEMENTARY INFORMATION

Average balance sheet and related interest[1] , cont’d

Average balance sheet and related interest1, cont’d
Loans and advances Home loans2 Consumer finance3 Business lending4 Individual provisions for credit impairment	Sep 25 Half Year Avg bal Int Rate $M $M % 442,759 14,139 6.4% 13,067 558 8.5% 321,723 9,203 5.7% (356) - n/a	Mar 25 Half Year
		Avg bal Int Rate $M $M % 430,650 14,860 6.9% 12,852 555 8.7% 319,361 9,575 6.0% (306) - n/a
Total	777,193 23,900 6.1%	762,557 24,990 6.6%
Non-lending interest earning assets Cash and other liquid assets Trading assets and investment securities Other assets	195,423 3,039 3.1% 204,015 4,246 4.2% 522 4 n/a	190,873 3,329 3.5% 188,102 4,413 4.7% 596 2 n/a
Total	399,960 7,289 3.6%	379,571 7,744 4.1%
Total interest earning assets5	1,177,153 31,189 5.3%	1,142,128 32,734 5.7%
Non-interest earning assets2	172,022	175,841
Total average assets	1,349,175	1,317,969
Interest bearing deposits and other borrowings Certificates of deposit Term deposits On demand and short term deposits6 Deposits from banks and securities sold under agreement to repurchase Commercial paper and other borrowings	42,600 906 4.2% 299,714 6,242 4.2% 350,549 6,841 3.9% 115,777 2,237 3.9% 54,044 1,190 4.4%	41,830 978 4.7% 294,139 6,761 4.6% 335,541 7,199 4.3% 111,064 2,471 4.5% 53,942 1,274 4.7%
Total	862,684 17,416 4.0%	836,516 18,683 4.5%
Non-deposit interest bearing liabilities Collateral received and settlement balances owed by ANZ Debt issuances & subordinated debt Other liabilities	26,564 269 2.0% 162,873 4,044 5.0% 9,239 368 n/a	28,948 350 2.4% 159,177 4,347 5.5% 10,735 485 n/a
Total	198,676 4,681 4.7%	198,860 5,182 5.2%
Total interest bearing liabilities5	1,061,360 22,097 4.2%	1,035,376 23,865 4.6%
Non-interest bearing liabilities6	214,471	211,347
Total average liabilities	1,275,831	1,246,723

Total average shareholders' equity 7	73,344	71,246

1. Averages used are predominantly daily averages.

2. Home loans are reported net of average mortgage offset balances of $60,645 million for the September 2025 half (Mar 25 half: $58,499 million), which are included in non-interest earning assets. While these balances are required to be grossed up under accounting standards, they are netted down for the calculation of customer interest payments and the calculation of the Group’s net interest margin.

3. Consumer finance includes retail products such as credit cards and personal loans, mainly held in the Australia Retail division.

5. Intra-group interest earning assets and interest income and Intra-group interest earning liabilities and interest expense have been eliminated.

6. On demand and short-term deposits exclude average mortgage offset balances of $60,645 million for the September 2025 half (Mar 25 half: $58,499 million), which are included in noninterest bearing liabilities.

7. Includes non-controlling interests.

102

SUPPLEMENTARY INFORMATION

Average balance sheet and related interest[1] , cont’d

Average balance sheet and related interest1, cont’d
Loans and advances2 Australia New Zealand Rest of World	Sep 25 Half Year Avg bal Int Rate $M $M % 555,447 17,463 6.3% 143,224 4,013 5.6% 78,522 2,424 6.2%	Mar 25 Half Year
		Avg bal Int Rate $M $M % 541,632 18,040 6.7% 138,556 4,345 6.3% 82,369 2,605 6.3%
Total	777,193 23,900 6.1%	762,557 24,990 6.6%
Trading assets and investment securities Australia New Zealand Rest of World	105,077 2,324 4.4% 20,843 368 3.5% 78,095 1,554 4.0%	98,852 2,433 4.9% 19,021 410 4.3% 70,229 1,570 4.5%
Total	204,015 4,246 4.2%	188,102 4,413 4.7%
Total interest earning assets3 Australia New Zealand Rest of World	750,434 21,429 5.7% 175,679 4,584 5.2% 251,040 5,176 4.1%	733,401 22,474 6.1% 169,371 5,011 5.9% 239,356 5,249 4.4%
Total	1,177,153 31,189 5.3%	1,142,128 32,734 5.7%
Total average assets Australia New Zealand Rest of World	865,609 190,563 293,003	850,393 185,087 282,489
Total average assets	1,349,175	1,317,969
Interest bearing deposits and other borrowings4 Australia New Zealand Rest of World	512,690 11,063 4.3% 121,862 1,959 3.2% 228,132 4,394 3.8%	496,626 11,707 4.7% 117,582 2,410 4.1% 222,308 4,566 4.1%
Total	862,684 17,416 4.0%	836,516 18,683 4.5%
Total interest bearing liabilities3 Australia New Zealand Rest of World	661,774 14,874 4.5% 142,500 2,377 3.3% 257,086 4,846 3.8%	645,006 15,857 4.9% 138,422 2,915 4.2% 251,948 5,093 4.1%
Total	1,061,360 22,097 4.2%	1,035,376 23,865 4.6%
Total average liabilities Australia New Zealand Rest of World	803,808 170,875 301,148	782,439 166,975 297,309
Total average liabilities	1,275,831	1,246,723
Total average shareholders' equity Ordinary share capital, reserves, retained earnings and non-controlling interests	73,344	71,246
Total average shareholders' equity	73,344	71,246
Total average liabilities and shareholder's equity	1,349,175	1,317,969

1. Averages used are predominantly daily averages.

3. Intra-group interest earning assets and interest income and Intra-group interest earning liabilities and interest expense have been eliminated.

4. On demand and short-term deposits exclude average mortgage offset balances of $60,645 million for the September 2025 half (Mar 25 half: $58,499 million), which are included in noninterest bearing liabilities.

103

SUPPLEMENTARY INFORMATION

Average balance sheet and related interest, cont’d

Gross earnings rate1 Australia New Zealand Rest of World Group	Half Year Sep 25 % Mar 25 % 5.88 6.38 5.20 5.93 4.14 4.51 5.28 5.75	Full Year
		Sep 25 % Sep 24 % 6.13 6.23 5.56 6.50 4.32 5.14 5.51 5.92
Net interest spread and net interest margin analysis as follows: Australia1 Net interest spread Interest attributable to net non-interest bearing items	Half Year Sep 25 % Mar 25 % 1.26 1.24 0.41 0.44	Full Year
		Sep 25 % Sep 24 % 1.24 1.22 0.43 0.42
Net interest margin - Australia	1.67 1.68	1.67 1.64
New Zealand1 Net interest spread Interest attributable to net non-interest bearing items	1.79 1.63 0.58 0.72	1.71 1.48 0.65 0.87
Net interest margin - New Zealand	2.37 2.35	2.36 2.35
Rest of World1 Net interest spread Interest attributable to net non-interest bearing items	0.38 0.46 0.28 0.26	0.42 0.48 0.27 0.30
Net interest margin - Rest of World	0.66 0.72	0.69 0.78
Group Net interest spread Interest attributable to net non-interest bearing items	1.13 1.13 0.41 0.43	1.13 1.12 0.42 0.45
Net interest margin	1.54 1.56	1.55 1.57
Net interest margin (excl. Markets business unit)	2.26 2.26	2.26 2.35

1. Geographic gross earnings rate, net interest spread and net interest margin are calculated gross of intra-group items (Intra-group interest earning assets and associated interest income and intra-group interest bearing liabilities and associated interest expense).

104

SUPPLEMENTARY INFORMATION

Select geographical disclosures

The following divisions operate across the geographic locations illustrated below:

Australia Retail division - Australia
Australia Commercial division - Australia
Institutional division - Australia, New Zealand and Rest of World
New Zealand division - New Zealand
Suncorp Bank division - Australia
Pacific division - Rest of World
Group Centre division - Australia, New Zealand and Rest of World

The Rest of World geography includes all geographies in which the Group operates outside of Australia and New Zealand. This includes Asia, Pacific, Europe & America.

	Australia	New Zealand	Rest of World	Total
	$M	$M	$M	$M
September 2025 Full Year
Statutory profit/(loss) attributable to shareholders of the Company	2,745	2,306	840	5,891
Cash profit/(loss)	2,789	2,158	840	5,787
Net loans and advances	620,549	139,654	69,253	829,456
Customer deposits	476,040	126,104	145,913	748,057
Risk weighted assets	303,387	84,034	71,126	458,547
September 2024 Full Year
Statutory profit/(loss) attributable to shareholders of the Company	3,553	1,928	1,054	6,535
Cash profit/(loss)	3,536	2,107	1,082	6,725
Net loans and advances	588,947	139,644	74,791	803,382
Customer deposits	450,507	125,124	139,580	715,211
Risk weighted assets	296,501	82,771	67,310	446,582
September 2025 Half Year
Statutory profit/(loss) attributable to shareholders of the Company	839	1,149	261	2,249
Cash profit/(loss)	854	1,106	259	2,219
Net loans and advances	620,549	139,654	69,253	829,456
Customer deposits	476,040	126,104	145,913	748,057
Risk weighted assets	303,387	84,034	71,126	458,547
March 2025 Half Year
Statutory profit/(loss) attributable to shareholders of the Company	1,906	1,157	579	3,642
Cash profit/(loss)	1,935	1,052	581	3,568
Net loans and advances	600,332	139,923	79,947	820,202
Customer deposits	462,928	128,089	165,547	756,564
Risk weighted assets	311,613	80,382	77,004	468,999

New Zealand geography (in NZD)

New Zealand geography (in NZD)
Net interest income Other operating income	Half Year Sep 25 NZD M Mar 25 NZD M Movt 2,277 2,196 4% 333 345 -3%	Full Year
		Sep 25 NZD M Sep 24 NZD M Movt 4,473 4,316 4% 678 730 -7%
Operating income Operating expenses	2,610 2,541 3% (917) (895) 2%	5,151 5,046 2% (1,812) (1,760) 3%
Cash profit before credit impairment and income tax Credit impairment (charge)/release	1,693 1,646 3% 20 5 large	3,339 3,286 2% 25 (44) large
Cash profit before income tax Income tax expense and non-controlling interests	1,713 1,651 4% (505) (490) 3%	3,364 3,242 4% (995) (956) 4%
Cash profit Adjustments between statutory profit and cash profit	1,208 1,161 4% 47 116 -59%	2,369 2,286 4% 163 (195) large
Statutory profit	1,255 1,277 -2%	2,532 2,091 21%
Individually assessed credit impairment charge/(release) Collectively assessed credit impairment charge/(release) Net loans and advances Customer deposits Risk weighted assets Total FTE	21 14 50% (41) (19) large 158,964 153,912 3% 143,541 140,895 2% 95,654 88,418 8% 6,758 6,903 -2%	35 42 -17% (60) 2 large 158,964 151,963 5% 143,541 136,163 5% 95,654 90,069 6% 6,758 7,003 -3%

105

SUPPLEMENTARY INFORMATION

Exchange rates

Major exchange rates used in the translation of foreign subsidiaries, branches, investments in associates and issued debt are as follows:

Chinese Renminbi Euro Pound Sterling Indian Rupee Indonesian Rupiah Japanese Yen Malaysian Ringgit New Taiwan Dollar New Zealand Dollar Papua New Guinean Kina United States Dollar	Balance sheet As at Sep 25 Mar 25 Sep 24 4.6992 4.5563 4.8622 0.5620 0.5796 0.6209 0.4907 0.4848 0.5178 58.578 53.803 58.086 11,014 10,401 10,493 97.756 93.650 98.272 2.7814 2.7853 2.8468 20.115 20.870 21.938 1.1383 1.1000 1.0882 2.7630 2.5497 2.7165 0.6598 0.6283 0.6933	Profit & Loss Average	Profit & Loss Average
		Half Year Sep 25 Mar 25 4.6585 4.6270 0.5624 0.6040 0.4825 0.5037 55.952 54.706 10,637 10,287 94.469 97.502 2.7624 2.8297 19.661 20.863 1.0918 1.1044 2.6688 2.5530 0.6474 0.6396	Full Year
			Sep 25 Sep 24 4.6428 4.7512 0.5824 0.6082 0.4929 0.5202 55.324 54.963 10,460 10,416 95.957 98.975 2.7956 3.0645 20.243 21.084 1.0981 1.0844 2.6098 2.4977 0.6435 0.6593

106

DEFINITIONS

AASB means Australian Accounting Standards Board. The term ‘AASB’ is commonly used when identifying Australian Accounting Standards issued by the AASB.

ADI means Authorised Deposit-taking Institution as defined by APRA.

ANZ Bank Group means ANZ BH Pty Ltd and each of its subsidiaries, including ANZBGL and ANZ Bank New Zealand.

ANZBGL means Australia and New Zealand Banking Group Limited.

ANZBGL Group means ANZBGL and each of its subsidiaries.

ANZ Bank New Zealand means ANZ Bank New Zealand Limited.

ANZ Economics means ANZ Research Economics, a business unit within ANZ which conducts analysis of key economic inputs and developments and assessment of the potential impacts on the local, regional and global economies.

ANZGHL means ANZ Group Holdings Limited.

ANZGHL Group means ANZGHL and each of its subsidiaries, including ANZ BH Pty Ltd, ANZ Group Services Pty Ltd and ANZ NBH Pty Ltd.

ANZ Non-Bank Group means ANZ NBH Pty Ltd and each of its subsidiaries, including ANZ’s beneficial interests in the 1835i trusts and non-controlling interests in the ANZ Worldline Payment Solutions joint venture, and ANZ Group Services Pty Ltd.

APRA means Australian Prudential Regulation Authority.

APS means ADI Prudential Standard.

ASX means Australian Securities Exchange.

AT1 means Additional Tier 1 capital.

Basel Harmonisation ratios are the Group’s interpretation of Basel Calculation of RWA for credit risk regulations documented in the Basel Framework and the ‘Australian Banking Association Basel 3.1 Capital Comparison Study’ (Mar 2023).

Board means ANZGHL Board of Directors.

Cash and cash equivalents comprise coins, notes, money at call, reverse repurchase agreements of less than 3 months, balances held with central banks and other banks, and other cash equivalents that are readily convertible to known amounts of cash with insignificant risk of changes in value.

Cash profit is an additional measure of profit which is prepared on a basis other than in accordance with accounting standards. Cash profit represents the Group’s preferred measure of the result of the core business activities of the Group, enabling readers to assess Group and divisional performance against prior periods and against peer institutions. To calculate cash profit, the Group excludes non-core items from statutory profit as noted below. These items do not discriminate between positive and negative adjustments.

Gains and losses are adjusted where they are significant, or have the potential to be significant in any one period, and fall into one of three categories:

non-core gains or losses included in earnings arising from changes in tax, legal or accounting legislation or other non-core items not associated with the core operations of the Group such as amortisation of intangible assets recognised in a business combination;
economic hedging impacts and similar accounting items that represent timing differences that will reverse through earnings in the future; and
accounting reclassifications between individual line items that do not impact reported results, such as individually assessed allowance for ECL on assets measured at fair value through profit or loss.

Cash profit is not a measure of cash flow or profit determined on a cash accounting basis.

Collectively assessed allowance for expected credit loss represents the expected credit loss, which incorporates forward-looking information and does not require an actual loss event to have occurred for a credit loss provision to be recognised.

Company means ANZGHL.

Credit risk is the risk of financial loss resulting from the failure of the Group’s customers and counterparties to honour or perform fully the terms of a loan or contract.

Credit risk weighted assets (credit RWA) represent assets which are weighted for credit risk according to a set formula as prescribed in APS 112/113.

Customer deposits represent term deposits, other deposits bearing interest, deposits not bearing interest and borrowing corporations’ debt excluding securitisation deposits.

Derivative credit valuation adjustment (CVA) - Over the life of a derivative instrument, the Group uses a model to adjust fair value to take into account the impact of counterparty credit quality. The methodology calculates the present value of expected losses over the life of the financial instrument as a function of probability of default, loss given default, expected credit risk exposure and an asset correlation factor. Impaired derivatives are also subject to a CVA.

Dividend payout ratio is the total ordinary dividend payment divided by profit attributable to shareholders of the Company.

Embedded losses - In relation to interest rate risk in the banking book, APRA requires ADIs to give consideration to embedded gains or losses in banking book items that are not accounted for on a marked-to-market basis when determining regulatory capital. The embedded loss or gain measures the difference between the book value and the economic value of banking book activities at a point in time.

Expected credit losses (ECL) – The determination of the ECL is dependent on credit deterioration since origination, according to the following threestage approach:

Stage 1: At the origination of a financial asset, and subsequently where there has not been a Significant Increase in Credit Risk (SICR) since origination, an allowance for ECL is recognised reflecting the expected credit losses resulting from default events that are possible within the next 12 months from the reporting date. For instruments with a remaining maturity of less than 12 months, expected credit losses are estimated based on default events that are possible over the remaining time to maturity.

107

DEFINITIONS

Stage 2: Where there has been a SICR since origination, an allowance for ECL is recognised reflecting expected credit losses resulting from all possible default events over the expected life of a financial instrument. If credit risk were to improve in a subsequent period such that the increase in credit risk since origination is no longer considered significant, the exposure returns to a Stage 1 classification with ECL measured accordingly.
Stage 3: Where there is objective evidence of impairment, an allowance equivalent to lifetime ECL is recognised.

Exposure at default (EAD) means the expected balance sheet exposure at default taking into account repayments of principal and interest, expected additional drawdowns and accrued interest.

Funding for Lending Programme (FLP) refers to three-year funding announced by the RBNZ in November 2020 and offered to New Zealand banks, which aimed to lower the cost of borrowing for New Zealand businesses and households.

GDP means gross domestic product.

Group means ANZGHL and each of its subsidiaries, including ANZ BH Pty Ltd, ANZ Group Services Pty Ltd and ANZ NBH Pty Ltd.

Gross loans and advances (GLA) comprise gross loans and advances, capitalised brokerage and other origination costs less unearned income.

Impaired assets are those financial assets where doubt exists as to whether the full contractual amount will be received in a timely manner, or where concessional items have been provided because of the financial difficulties of the customer.

Impaired loans comprise drawn facilities where the customer’s status is defined as impaired.

Individually assessed allowance for expected credit losses is assessed on a case-by-case basis for all individually managed impaired assets taking into consideration factors such as the realisable value of security (or other credit mitigants), the likely return available upon liquidation or bankruptcy, legal uncertainties, estimated costs involved in recovery, the market price of the exposure in secondary markets and the amount and timing of expected receipts and recoveries.

Interest rate risk in the banking book (IRRBB) relates to the potential adverse impact of changes in market interest rates on the Group’s future net interest income. The risk generally arises from:

Repricing and yield curve risk - the risk to earnings or market value as a result of changes in the overall level of interest rates and/or the relativity of these rates across the yield curve;
Basis risk - the risk to earnings or market value arising from volatility in the interest margin applicable to banking book items; and
Optionality risk - the risk to earnings or market value arising from the existence of stand-alone or embedded options in banking book items.

IRB means internal ratings-based.

Probability of default (PD) means the estimate of the likelihood that a borrower will default over a given period.

Level 1 in the context of APRA supervision, means ANZBGL consolidated with certain approved subsidiaries.

Level 2 in the context of APRA supervision, means consolidated ANZ Bank Group, excluding insurance and funds management entities, commercial non-financial entities and certain securitisation vehicles.

Level 3 in the context of APRA supervision, means ANZGHL Group, the conglomerate group at the widest level.

Loss given default (LGD) means the expected loss in the event of the borrower defaulting, expressed as a percentage of the facility's EAD, taking into account direct and indirect recovery costs.

Net interest margin is net interest income as a percentage of average interest earning assets.

Net loans and advances represent gross loans and advances less allowance for expected credit losses.

Net Stable Funding Ratio (NSFR) is the ratio of the amount of available stable funding (ASF) to the amount of required stable funding (RSF) defined by APRA. The amount of ASF is the portion of an ADI capital and liabilities expected to be a reliable source of funds over a one year time horizon. The amount of RSF is a function of the liquidity characteristics and residual maturities of an ADI’s assets and off-balance sheet activities. ADIs must maintain an NSFR of at least 100%.

Net tangible assets equal share capital and reserves attributable to shareholders of the Company less unamortised intangible assets (including goodwill and software).

NZX means New Zealand’s Exchange.

RBA means Reserve Bank of Australia, Australia’s central bank.

RBNZ means Reserve Bank of New Zealand, New Zealand’s central bank.

Regulatory deposits are mandatory reserve deposits lodged with local central banks in accordance with statutory requirements.

Risk weighted assets (RWA) are risk weighted according to each asset’s inherent potential for default and what the likely losses would be in the case of default. In the case of non-asset backed risks (i.e. market and operational risk), RWA is determined by multiplying the capital requirements for those risks by 12.5.

Settlement balances owed to/by ANZ represent financial assets and/or liabilities which are in the course of being settled. These may include trade dated assets and liabilities, vostro accounts and securities settlement accounts.

SME means small and medium enterprises.

Term Funding Facility (TFF) refers to three-year funding announced by the RBA on 19 March 2020 and offered to ADIs in order to support lending to Australian businesses at low cost. The TFF was closed to drawdowns on 30 June 2021.

Term Lending Facility (TLF) refers to three to five-year funding offered by the RBNZ between May 2020 and July 2021 to promote lending to New Zealand businesses.

108

DEFINITIONS

Description of divisions

The Group operates on a divisional structure with seven divisions: Australia Retail, Australia Commercial, Institutional, New Zealand, Suncorp Bank, Pacific, and Group Centre.

Australia Retail

The Australia Retail division provides a full range of banking services to Australian consumers. This includes Home Loans, Deposits, Credit Cards and Personal Loans. Products and services are provided via the branch network, home loan specialists, contact centres, a variety of self-service channels (digital and internet banking, website, ATMs and phone banking) and third-party brokers.

Australia Commercial

The Australia Commercial division provides a full range of banking products and financial services across the following customer segments: SME Banking (small business owners and medium commercial customers), and Diversified & Specialist Businesses (large commercial customers, and high net worth individuals and family groups). It also includes run-off businesses (Central Functions).

The Group announced at the October 2025 Strategy Day that Australia Commercial will be renamed to Business & Private Bank. This will be reflected in the 2026 Half Year Results Announcement.

Institutional

The Institutional division services global institutional and corporate customers, and governments across Australia, New Zealand and International (including Papua New Guinea (PNG)) via the following business units:

Transaction Banking provides customers with working capital and liquidity solutions including documentary trade, supply chain financing, commodity financing as well as cash management solutions, deposits, payments and clearing.
Corporate Finance provides customers with loan products, loan syndication, specialised loan structuring and execution, project and export finance, debt structuring and acquisition finance, and sustainable finance solutions.
Markets provides customers with risk management services in foreign exchange, interest rates, credit, commodities, and debt capital markets in addition to managing the Group's interest rate exposure and liquidity position.
Central Functions consists of enablement functions that help deliver payments services and operational support across both the Institutional division and the wider enterprise.

New Zealand

The New Zealand division comprises the following business units:

Personal provides a full range of banking and wealth management services to consumer and private banking customers. We deliver our services via our internet and app-based digital solutions and network of branches, mortgage specialists, private bankers and contact centres.
Business & Agri provides a full range of banking services through our digital, branch and contact centre channels, and traditional relationship banking and sophisticated financial solutions through dedicated managers. These cover privately owned small and medium enterprises, and the agricultural business segment.
Central Functions includes treasury and back-office support functions.

Suncorp Bank

The Suncorp Bank division provides banking and related services to retail, commercial, small and medium enterprises and agribusiness customers in Australia. It also includes treasury and back-office support functions.

Pacific

The Pacific division provides products and services to retail and commercial customers (including multi-nationals) and to governments located in the Pacific region excluding PNG which forms part of the Institutional division.

Group Centre

Group Centre division provides support to the operating divisions, including technology, property, risk management, financial management, treasury, strategy, marketing, human resources, corporate affairs, and shareholder functions. It also includes minority investments in Asia and interests in the ANZ Non-Bank Group.

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ASX APPENDIX 4E - CROSS REFERENCE INDEX

Page Details of the reporting period and the previous corresponding period (4E Item 1) ................................................................................................................ 2 Results for Announcement to the Market (4E Item 2) ............................................................................................................................................................ 2 Statement of Comprehensive Income (4E Item 3) ......................................................................................................................................................... 79, 80 Statement of Financial Position (4E Item 4) ......................................................................................................................................................................... 81 Statement of Cash Flows (4E Item 5) .................................................................................................................................................................................. 82 Statement of Changes in Equity (4E Item 6) ........................................................................................................................................................................ 83 Dividends and dividend dates (4E Item 7) .............................................................................................................................................................................. 2 Dividend Reinvestment Plan (4E Item 8) ............................................................................................................................................................................... 2 Net Tangible Assets per security (4E Item 9) ....................................................................................................................................................................... 13 Accounting standards used by foreign entities (4E Item 13) ............................................................................................................................. Not applicable Commentary on results (4E Item 14) ................................................................................................................................................................................... 17 Statement that accounts are being audited (4E Item 15) ....................................................................................................................................................... 3

Additional information supporting the Appendix 4E disclosure requirements (Items 10, 12) can be found in the 2025 ANZGHL Annual Report:

For details of entities over which the control has been gained or lost during the year ended 30 September 2025 (4E Item 10), refer to Note 26 Controlled Entities in the 2025 ANZGHL Annual Report.
For details of associates and joint venture entities (4D Item 11), refer to Note 27 Investment in Associates in the 2025 ANZGHL Annual Report.
For other significant information (4E Item 12), refer to the 2025 ANZGHL Annual Report.

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AI assistant

Australia and New Zealand Banking Group Ltd. — Earnings Release 2025

10425_rns_2025-11-10_2513c39e-4db0-48ae-8bfe-08f1e05257f2.pdf

ANZ Group Holdings Limited

Report for the year ended 30 September 2025

Dividend Reinvestment Plan and Bonus Option Plan

CONSOLIDATED FINANCIAL REPORT, DIVIDEND ANNOUNCEMENT AND APPENDIX 4E

DISCLAIMER & IMPORTANT NOTICE:

SUMMARY OF 2025 FULL YEAR RESULTS AND ASSOCIATED DISCLOSURE MATERIALS

ANZ Group Holdings Limited

Australia and New Zealand Banking Group Limited

Guide to Results

NON-IFRS INFORMATION

Cash Profit

SEPTEMBER 2025 HALF SIGNIFICANT ITEMS

SUNCORP BANK ACQUISITION

Statutory Profit Results

Cash Profit Results[1]

September 2025 Half Significant Items

PT Panin impairment

Staff redundancies

ASIC settlement

Suncorp Bank migration

Cashrewards closure

Cash Profit Results (excl. Suncorp Bank)

Full Time Equivalent Staff

Other Non-Financial Information

Non-IFRS Information

Cash Profit

This Group Results section is reported on a cash profit basis unless otherwise stated.

Cash Net Interest Income

Net interest margin - September 2025 Full Year v September 2024 Full Year

Net interest margin (-2 bps)

Average interest earning assets

Average deposits and other borrowings

Net interest margin (-2 bps)

Average interest earning assets

Average deposits and other borrowings

Cash Other Operating Income

Other operating income - September 2025 Full Year v September 2024 Full Year

Net fee and commission income

Markets income

PT Panin impairment

Other

Net fee and commission income

Markets income

PT Panin impairment

Other

Cash Operating Expenses[1]

Operating expenses - September 2025 Full Year v September 2024 Full Year

Investment Spend

Software Capitalisation

Credit Risk

Credit impairment charge/(release)

Collectively assessed credit impairment charge/(release)

Individually assessed credit impairment charge/(release)

 September 2025 v March 2025

Allowance for expected credit losses by division[1]

Allowance for expected credit losses

Non-Performing Credit Exposures

 September 2025 v September 2024

 September 2025 v September 2024

 September 2025 v March 2025

 September 2025 v March 2025

Cash Income Tax Expense

 September 2025 v September 2024

 September 2025 v March 2025

Impact of Foreign Currency Translation

September 2025 Full Year v September 2024 Full Year

September 2025 Half Year v March 2025 Half Year

Earnings Related Hedges

Dividends

Condensed Balance Sheet

Liquidity Risk

Funding

Net Stable Funding Ratio

Capital Management

ANZ Non-Bank Group

ANZ Bank Group

APRA CET1 - September 2025 v September 2024

Australia and New Zealand Banking Group Ltd. Earnings Release 2025