National Australia Bank (NAB) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with a Welcome to Country and acknowledgment of traditional owners, followed by instructions on meeting conduct, voting procedures, and safety protocols.

• The agenda included board introductions, voting on director re-elections, remuneration, financial reports, and shareholder proposals.

Financial performance review

• Full-year 2025 results showed strong lending and revenue growth, with business lending up 9% and deposits up 7%.

• Total shareholder return over five years reached 190%, outperforming major bank competitors.

• Dividends of AUD 1.70 per share were declared, with $5.2 billion returned to shareholders.

• Prudent balance sheet management maintained a capital surplus above the 11.25% CET1 target.

Board and executive committee updates

• Chair and two directors stood for re-election, with succession planning underway for the chair role.

• New executive appointments included roles in business banking, digital, analytics, and transformation.

• Sharon Cook, Group Executive and General Counsel, was recognized for her retirement.