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Westpac posts $6.8bn full-year profit, down 1 per cent on 2025
Westpac reports $6.8bn annual profit, down 1 per cent, as chief executive flags a tough economic backdrop
Key points
- Westpac's profit before notable items was flat at $7bn.
- Chief executive Anthony Miller said inflation remains above the Reserve Bank's target range.
- Westpac helped more than 190,000 Australians purchase a home this year.
Why it matters. Interest rates are likely to remain elevated into 2027, which Westpac says is presenting challenges for many households and businesses.
Australia's Westpac reported an annual profit of $6.8bn on Monday, a 1 per cent fall from 2025. Profit before notable items was flat at $7bn, and chief executive Anthony Miller called it a "solid result". Miller said inflation remains above the Reserve Bank's target range and rates are likely to stay elevated into 2027. The official cash rate has reached 4.6 per cent, and the bank helped more than 190,000 Australians buy homes this year.
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Westpac posts $6.8bn full-year profit, down 1 per cent on 2025
Westpac has announced a full-year 2026 statutory profit of $6.8bn, down 1 per cent on the 2025 result. Its net profit before notable items was flat at $7bn. Chief executive Anthony Miller described the result as a solid one. In Monday's announcement, he said the bank had remained focused on supporting customers in an uncertain economic environment. Westpac also said many households and businesses are facing challenging times.