2026 Third Quarter Trading Update

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ANZ today announced¹ an unaudited Statutory Profit for the quarter ended 30 June 2026 (3Q26) of $1.95 billion and a Cash Profit of $1.90 billion.

Cash Profit was up 1% ² on the quarterly average of the half year ended 31 March 2026 (1H26 qtr avg). Cash Return on Tangible Equity (RoTE) was broadly flat.

Cash Profit and RoTE were impacted by a NZD125 million expense provision (pre-tax) in 3Q26 following the 5 May 2026 New Zealand class action ruling. ANZ has appealed the decision.²

ANZ’s Common Equity Tier 1 (CET1) Ratio at 30 June 2026 was 12.51%, up 12 bps from 31 March 2026.

Overview of financial performance

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CEO commentary

ANZ Chief Executive Officer Nuno Matos said: “As we release our third quarter update, we remain on track to meet our Return on Tangible Equity and Cost-to-Income targets. In the quarter, we continued to improve productivity, margins and business volumes, including accelerating growth in business banking and returning home lending to system growth.

“Our five immediate priorities are progressing well. Our new leadership team is driving our cultural reset. We are continuing to progress the integration of Suncorp Bank and delivery of the ANZ single customer front-end, and are on track to meet our FY26 year-end completion targets of 57% and 45% respectively. Our work to reduce duplication and simplify the bank is on track and we remain committed to our full year cost guidance of 5% down year on year. We remain focused on improving non-financial risk management and are on track to deliver the activities in our Root Cause Remediation Plan.

“We continue to watch the external environment closely across our network. Our balance sheet and capital position remain strong, and we are staying close to our customers should they need support.

“Beyond our immediate priorities, we are investing now in customer experience, propositions, channel uplift and transaction banking. This will position us well for the second phase of our strategy beyond 2027, to accelerate growth and outperform the market,” Mr Matos concluded.

Progress under the ANZ 2030 five immediate priorities⁴

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Overview of financial performance (3Q26 vs 1H26 quarterly average)

• Revenue was flat for the quarter. Excluding Markets, net interest income increased 2% reflecting both volume growth and increase in net interest margins, offsetting a 2% reduction in other operating income. Markets income was $507 million in 3Q26. Group NIM improved 1 basis point to 1.54%. Excluding Markets, Group NIM increased 4bps, primarily benefiting from the capital and replicating portfolio.
• Customer deposits increased by $15 billion, up 2% (30 June 2026 vs 31 March 2026). Excluding Markets, deposits were flat. Net loans and advances increased $24 billion, up 3% (30 June 2026 vs 31 March 2026). Excluding Markets, lending increased $12 billion, up 2% including strong growth in Business & Private Bank, up 4% in the quarter. 
• Expenses increased by 1%. Excluding the NZD125 million provision related to the New Zealand class action, expenses decreased by 3%, reflecting productivity benefits from a continued focus on simplifying the organisation and optimising third-party spend. There is no change to the FY26 cost guidance provided at our first half 2026 results.⁵

Credit quality

• The 3Q26 Individual provision (IP) charge was $65 million, $9 million lower than the 1H26 quarterly average, and represents a 3bps annualised IP loss rate (1H26 4bps annualised IP loss rate).
• The Collective Provision balance increased $26m to $4.48 billion with a Collective Provision balance to credit Risk Weighted Assets coverage ratio of 1.20%, down 2bps from 31 March 2026.
• Housing loan exposures more than 90 Days Past Due increased in our Australian portfolio to 86bps (83bps at 31 March 2026), and in our New Zealand portfolio to 82bps (80bps at 31 March 2026). Non-performing exposures to total credit exposure remained at 0.55% at 30 June 2026, unchanged from 31 March 2026.

Capital, funding and liquidity

• Level 2 CET1 capital ratio for Australia and New Zealand Banking Group Limited (ANZBGL and, together with its subsidiaries, ANZBGL Group) was 12.51% at 30 June 2026, an increase of 12 bps from 31 March 2026.
  
• Liquidity ratios remained well above regulatory minimums, with the average liquidity coverage ratio of 131% and a net stable funding ratio of 113% at 30 June 2026.
• 28.9 billion of term wholesale debt was issued across the ANZBGL Group from 1 October 2025 to date.

Further detail on key financial metrics, credit quality, capital and balance sheet, including drivers in 3Q26 are provided in ANZ’s 2026 Third Quarter Trading Update and Pillar 3 Discussion Pack.

^{1 Unless otherwise stated (i) 3Q26 financial results are presented on a cash profit basis, and (ii) quarterly performance is compared with 1H26 quarterly average.}

^{2 3Q26 cash profit was impacted by a NZD125 million pre-tax expense provision in the quarter relating to the New Zealand class action. Using the 30 June 2026 exchange rate, this equates to AUD103 million pre-tax (AUD74 million post-tax). Excluding this provision, 3Q26 vs 1H26 quarterly average cash profit increased by 5% to $1.98 billion and operating expenses reduced by 3%. The provision followed the 5 May 2026 High Court ruling in relation to claims against ANZ Bank New Zealand Limited (ANZ NZ) under the Credit Contracts and Consumer Finance Act 2003, and reflects the Group's assessment of its maximum potential liability for costs of borrowing following the High Court Judgment. ANZ has appealed the High Court Decision. See media release of 6 May 2026: https://www.anz.com.au/newsroom/new-zealand/2026/05/anz-new-zealand-class-action-decision/}

^{3 Includes non-controlling interests.}

^{4 Overall percentage completion is calculated based on the number of approved solution design decisions and deliverables (also defined as work packages) in Suncorp Bank Integration and SCFE program plans completed as at 30 June 2026. Deliverables in plan vary in size and complexity, and remain subject to change. Progress to date is not a representation of likely progress in equivalent future periods. 84% of 3,500 announced roles is calculated on an FTE basis between 1 April 2025 and 30 June 2026. See media release of 9 September 2025: https://www.anz.com.au/newsroom/media/2025/september/anz-announces-changes-to-better-focus-on-priorities/} 

^{5 Refer page 29 of ANZ’s 2026 First Half Results – Results Presentation & Investor Discussion Pack.}

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Important Information

^{References to “ANZ” and “ANZ Group” are to ANZ Group Holdings Limited ABN 16 659 510 791 and its controlled entities.}

^{This document contains general background information about the activities of the ANZ Group current as at 12 August 2026. It is information given in summary form and does not purport to be complete.}

^{It is not intended to be and should not be relied upon as advice to investors or potential investors, and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate.}

^{This document may contain certain forward-looking statements or opinions including statements regarding our intent, belief or current expectations with respect to the ANZ Group’s business operations, market conditions, results of operations and financial condition, capital adequacy, sustainability objectives or targets, specific provisions and risk management practices. These matters are subject to risks and uncertainties that could cause the actual results and financial position of the ANZ Group to differ materially from the information presented herein. When used in this document, the words ‘guidance’, ‘forecast’, ‘estimate’, 'goal', 'target', 'indicator', 'plan', 'pathway', ‘ambition’, ‘modelling’, ‘project’, ‘intend’, ‘anticipate’, ‘believe’, ‘expect’, ‘may’, ‘probability’, ‘risk’, ‘will’, ‘seek’, ‘would’, ‘could’, ‘should’ and similar expressions, as they relate to the ANZ Group and its management, are intended to identify forward-looking statements or opinions. Forward-looking statements or opinions may also be otherwise included in this document, including by the use of footnotes. Those statements, including in respect of ANZ’s 2030 Strategy, immediate priorities and financial targets, are not guarantees or predictors of future performance, and may be affected by inaccurate assumptions or unknown risks and uncertainties or other factors, many of which are beyond the control of the ANZ Group or may not be known to the ANZ Group at the time of the preparation of this content, such as instability in global economic conditions, external exchange rates, competition in the markets in which the ANZ Group will operate, and the regulatory environment. Each of these statements and related actions is also subject to a range of assumptions and contingencies, including the actions of third parties, interdependencies between strategic and regulatory programs of work, management decisions, execution risk, and are based on corporate plans that are subject to change and may vary materially as plans continue to be developed. As such, these statements should not be relied upon when making investment decisions.}

^{There can be no assurance that actual outcomes will not differ materially from any forward-looking statements or opinions contained herein.}

^{The forward-looking statements or opinions only speak as at 12 August 2026 and no representation is made as to their correctness after this date. No member of the ANZ Group undertakes to publicly release the result of any revisions to these statements to reflect events or circumstances after this date.}

^{Financial information in this document is presented on a cash profit basis unless otherwise stated. Cash profit, a non-IFRS measure, represents the Group’s preferred measure of the result of its core business activities, enabling readers to assess Group and divisional performance against prior periods and against peer institutions. To calculate cash profit, the Group excludes non-core items from statutory profit. For the definition cash profit refer to page 127 of the ANZGHL 1H26 Consolidated Financial Report, Dividend Announcement and Appendix 4D.}

^{All amounts in this document are in Australian dollars unless otherwise stated. Sum of parts within charts and commentary may not equal totals due to rounding.}