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.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.