ANZ (ANZ) investor relations material

Executive summary

• Cash profit for 3Q26 was $1.90 billion, up 1% from the 1H26 quarterly average, despite a significant NZD 125 million provision related to a New Zealand class action; excluding this provision, cash profit rose 5%.

• Statutory profit for 3Q26 was $1.95 billion.

• The group is executing on five immediate priorities, including Suncorp Bank integration, digital transformation, and delivery of a single customer front-end.

• New leadership is driving a cultural reset and simplification, with a focus on non-financial risk management and remediation plans.

• Productivity, margins, and business volumes improved, with business banking and home lending showing growth.

Financial highlights

• Operating income for 3Q26 was $5,607 million, flat compared to the 1H26 quarterly average; net interest income (ex-Markets) rose 2%.

• Operating expenses were $2,785 million, up 1% from the 1H26 average, but down 4% year-over-year; excluding the NZD 125 million provision, expenses fell 3%.

• Group net interest margin (NIM) increased 1 basis point to 1.54%; NIM ex markets up 4 basis points.

• Cost-to-income ratio was 49.66%, up 27bps sequentially but down 155bps year-over-year.

• Provision charge decreased 26% sequentially to $102 million.

Outlook and guidance

• Suncorp Bank integration is on track, with 45% of activities completed by June 2026 and 57% targeted by September 2026.

• Delivery of a single customer front-end for Retail and SME customers is progressing, with 24% completed and 45% targeted by September 2026.

• Full-year FY26 expense guidance maintained at 5% lower than FY25 cost base, absorbing the NZ provision and merchant acquiring business impact.

• Replicating portfolio expected to remain a tailwind for NIM over the next 12 months, though at a moderating pace.

• Expect to grow at or around system credit growth in the second half of 2026.