ANZ Unaudited 3Q26 Cash Profit $1.90b, Up 1% on 1H26

ANZ Group Holdings Limited (ASX:ANZ) reported an unaudited statutory profit of $1.95 billion and cash profit of $1.90 billion for the quarter ended 30 June 2026. Cash profit was up 1% on the quarterly average of the half year ended 31 March 2026, on both a reported and a constant currency basis, and cash return on tangible equity was 11.54%, down 2 basis points on the same comparison. ANZ said cash profit and return on tangible equity were impacted by a NZD125 million pre-tax expense provision recognised in the quarter following the 5 May 2026 New Zealand High Court class action ruling, which it has appealed, and that the provision reflects the group's assessment of its maximum potential liability for costs of borrowing following the judgment; the provision equates to AUD103 million pre-tax and AUD74 million post-tax at the 30 June 2026 exchange rate, and excluding it, cash profit increased 5% to $1.98 billion and operating expenses reduced 3%. The APRA Level 2 Common Equity Tier 1 ratio for the ANZBGL Group was 12.51% at 30 June 2026, up 12 basis points from 31 March 2026.

Group net interest margin improved 1 basis point to 1.54% and, excluding Markets, increased 4 basis points, which ANZ said primarily benefited from the capital and replicating portfolio; Markets income was $507 million in the quarter. Customer deposits increased $15 billion, or 2%, and net loans and advances increased $24 billion, or 3%, against 31 March 2026. The individual provision charge was $65 million, $9 million lower than the first half quarterly average and a 3 basis point annualised loss rate against 4 basis points in the first half, while the collective provision balance increased $26 million to $4.48 billion with coverage of 1.20% of credit risk weighted assets. Chief Executive Officer Nuno Matos said ANZ remains on track to meet its return on tangible equity and cost-to-income targets and remains committed to its full-year cost guidance of 5% down year on year. Separately, the release reported that 45% of Suncorp Bank integration activities and 24% of single customer front-end activities were completed as at 30 June 2026, against end-September 2026 targets of 57% and 45% respectively, and noted that deliverables in those plans vary in size and complexity, remain subject to change, and that progress to date is not a representation of likely progress in equivalent future periods.