ANZ Group (ANZ) AGM 2025 summary

Opening remarks and agenda

• The meeting began with acknowledgments of recent tragic events, a Welcome to Country, and instructions for voting and Q&A, including online participation and moderation guidelines.

• The Chairman confirmed a quorum, outlined the agenda, and explained proxy votes and conditional resolutions.

Financial performance review

• Statutory profit increased from $5.9 billion in FY24 to $6.5 billion in FY25, reflecting improved earnings.

• Cash profit was flat at AUD 6.9 billion in the prior period, with a 10% year-on-year decline in statutory profit due to regulatory settlements and restructuring costs.

• Dividend per share remained steady at 166 cents for both FY24 and FY25.

• Cash return on tangible equity (ROTE) was 10.5% in FY25, slightly down from 10.6% in FY24.

• New Zealand and Institutional divisions performed strongly, while Australian retail and business banking remain key areas for improvement.

Board and executive committee updates

• Nuno Matos appointed CEO in May, bringing global banking experience and a track record in transformation.

• Four new executives joined the leadership team, complementing existing talent to drive the refreshed ANZ 2030 Strategy.

• Six of nine board directors have joined since 2023, with ongoing board renewal and succession planning underway.

• New leadership team embedded, with a focus on driving a cultural reset.

• Executive team includes CEO Nuno Matos and other key leaders across retail, commercial, institutional, risk, and technology.