Bank of Queensland (BOQ) investor relations material

Opening remarks and agenda

• Acknowledgement of traditional custodians, welcome to shareholders, and emphasis on Queensland heritage and resilience.

• Outlined meeting procedures, emergency protocols, and question submission processes for both physical and virtual attendees.

• Introduced board members, executive team, and external auditor; confirmed quorum and meeting format.

• Emphasized a shift to a simpler, specialist bank model and outlined digitisation strategy and progress on remedial action plans.

Financial performance review

• Cash profit after tax for 2025 was AUD 383 million, up 12% from the prior year, driven by margin uplift, cost management, and asset quality.

• Fully franked final dividend of AUD 0.20 per share, full-year dividend AUD 0.38, up 12% from FY24; AUD 231 million returned to shareholders.

• Commercial lending grew by AUD 1.6 billion (14%), with strong performance in specialist sectors and business banking.

• Total income rose 4% to $1,657m, underlying profit up 10%, and statutory net profit after tax up 12%.

• CET1 ratio improved by 80bps to 10.94%; cost-to-income ratio improved by 210 basis points; return on equity up 70 basis points.

Board and executive committee updates

• Karen Penrose stood for re-election with board support, highlighting her experience and commitment to transformation.

• Paul Riordan, with extensive risk and audit experience, stood for election as a new director and Audit Committee Chair.

• Stephen Mayne self-nominated for the board but was not supported by the board due to skills alignment.

• Board emphasized ongoing renewal, with three of six directors joining since January 2024 and plans for further recruitment.

• Board composition features a diverse mix of skills and experience.