ANZ (ANZ) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with acknowledgments of recent tragic events and a Welcome to Country, followed by administrative instructions for voting and Q&A, including online participation and moderation protocols.

• The Chairman confirmed a quorum, outlined the agenda, and explained the voting process, including proxy handling and the conditional nature of certain resolutions.

Board and executive committee updates

• New CEO Nuno Matos and four new executive committee members were welcomed, bringing global banking experience and supporting the refreshed 2030 Strategy.

• Board renewal continued, with six of nine directors joining since 2023 and further succession planning, including the Chairman's final term.

• The executive team now includes leaders across retail, commercial, institutional, risk, and technology, with a focus on driving a cultural reset.

Financial performance review

• Statutory profit declined 10% year-on-year to AUD 6.9 billion, but later increased to $6.5 billion in FY25, reflecting improved earnings.

• Dividend per share remained steady at AUD 1.66 (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.

• Level 2 CET1 ratio was 12.0% in FY25, marginally lower than 12.3% in FY24, indicating strong capital adequacy.

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