ANZ Group Reports 31% Cash Profit Increase to A$7.59 Billion
ANZ Group increased its annual cash profit by 31% to A$7.59 billion, driven by cost reductions and the integration of Suncorp Bank.
ANZ Group reported a 31% increase in annual cash profit to A$7.59 billion for the fiscal year ending September 30, 2026. The bank's bottom-line net profit rose 23% to A$7.27 billion, with the lender declaring a final dividend of 83 cents per share to maintain a total annual payout of $1.66 per share.
Chief Executive Nuno Matos attributed the growth to the bank's 2030 strategic plan, which prioritized digital upgrades, cost reduction, and the fast-tracked integration of Suncorp Bank. These initiatives generated A$874 million in gross cost savings. While the Australia Retail division's profit climbed to A$1.71 billion on higher home loan volumes, the bank's net interest margin decreased slightly to 1.53%.
This margin compression occurred amid competition and interest rate changes from the Reserve Bank of Australia. Matos observed that while most retail customers remained resilient, financial pressure became more evident for some during the second half of the year.
