ANZ Group (ANZ) investor relations material

Executive summary

• Net profit after tax for 1Q26 reached $1.94 billion, up 75% from the 2H25 quarterly average and 17% year-over-year, reflecting strong operational performance and cost management.

• Statutory profit for 1Q26 was $1.87 billion, with cash profit at $1.94 billion, up 75% vs 2H25 quarterly average, or 17% excluding significant items.

• Productivity initiatives under the 2030 strategy drove significant expense reductions and improved revenue.

• New executive committee in place, with over 60% of 3,500 announced roles exited by end-December 2025.

Financial highlights

• Operating income increased by 4% compared to the 2H25 quarterly average, while operating expenses declined by 21%, driving a 52% rise in profit before provisions.

• Cost-to-income ratio improved to 49.5%, down 1,593bps from the prior period.

• Return on tangible equity rose to 11.7%, up from 6.6% in the previous period.

• Group net interest margin improved 2bps to 1.56%.

• Customer deposits grew 5% quarter-over-quarter to $787 billion, and net loans and advances rose 1% to $837 billion.

Outlook and guidance

• Forward-looking statements highlight ongoing market uncertainties, including global economic conditions, exchange rates, competition, and regulatory changes.

• Management expects positive impacts from recent regulatory changes, particularly in capital floor adjustments.

• No change to FY26 cost guidance from FY25 results.

• Management remains focused on executing the 2030 strategy, including digital transformation and Suncorp Bank integration.