WBC Analysis: Westpac FY2025 Full Year Results

Event: Westpac FY2025 Full Year Results | Date: 2025-11-03 | Source: ASX Company Announcements

Westpac Delivers Mixed FY2025 Results with Profit Decline Amid Cost Pressures

Westpac Banking Corporation released its full-year financial results for the period ended 30 September 2025, reporting a net profit after tax of $6.9 billion, representing a 1% decrease from the prior year. Key highlights included a stable net interest margin of 1.94% for the year, with balance sheet growth driving net interest income up 3.8% to $19,473 million, while non-interest income rose 5.5% to $2,991 million, resulting in total net operating income of $22,464 million (up 4.1%). Expenses increased significantly by 9% to $11.9 billion, reflecting ongoing investments in technology and people, which pressured the cost-to-income ratio to 53.0%. Credit impairment charges remained low at 5 basis points, contributing to the profit outcome, while the CET1 ratio strengthened to 12.53%. The bank declared an ordinary dividend of 153 cents per share, up 1% from FY2024, and completed its $1.0 billion share buyback program. Source: Westpac 2025 Full Year Results Announcement.