Australia · Delayed Price · Currency is AUD National Australia Bank Earnings Call Transcripts
Fiscal Year 2026
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Underlying profit rose 6.4% and cash earnings grew 2.3% (ex-notables), while statutory profit fell 18% due to a one-off software amortization. Credit quality remains robust but is being closely monitored amid economic uncertainty and higher provisions.
Fiscal Year 2025
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The AGM highlighted strong financial results, robust dividend payouts, and ongoing investment in technology and sustainability. Shareholders debated climate, deforestation, and governance issues, with board-endorsed directors re-elected and key shareholder proposals on constitutional change and deforestation failing to pass.
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Underlying profit and revenue grew in FY25, with strong business lending and deposit growth, though cash earnings and ROE were stable due to higher costs and impairment charges. Capital and liquidity ratios remain robust, and the outlook is positive with continued focus on business banking, deposits, and proprietary home lending.
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Cash earnings and ROE rose in a challenging half, supported by strong capital and disciplined cost management. Business banking and deposit growth were highlights, while asset quality in business lending softened but remains well provisioned. Strategic priorities and tech investments are driving early positive results.
Fiscal Year 2024
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The AGM reviewed a year of solid financial performance, leadership transition, and continued investment in technology, climate action, and Indigenous engagement. Shareholders discussed executive pay, customer service, climate policy, and legacy issues, with board-endorsed resolutions passing and climate-related proposals not adopted.
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FY24 saw resilient performance amid economic headwinds, with cash earnings down 8.1% year-over-year and strong capital ratios maintained. Strategic focus remains on SME growth, proprietary lending, and tech investment, while asset quality has softened but remains well provisioned.