Westpac Banking Corp. (WBK) reported a modest decline in profit for the year ended September 2025, primarily impacted by higher operating expenses.
Operating expenses increased 9% to $11.916 billion, including restructuring costs of $273 million.
Profit before tax edged down 2% to $10.124 billion, from $10.282 billion in fiscal 2024.
Pre-provision profit decreased 3% to $10.548 billion from $10.819 billion a year earlier.
Net income excluding notable items slipped 2% to $6.972 billion, from $7.113 billion in 2024.
Net operating income rose 3% to $22.464 billion, supported by stronger lending income and higher non-interest revenue.
Net interest income grew 3% to $19.473 billion, while non-interest income increased 5% to $2.991 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.