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Australian Bank ANZ's Second-Half Profit to Take A$1.11 Billion Hit

Provided by Dow Jones Oct 30, 2025, 10:07:00 PM

By Stuart Condie

SYDNEY--ANZ said its second-half profit will be hit by restructuring charges, impairments and other one-off costs totaling 1.11 billion Australian dollars, or about US$728 million.

Australia's fourth-largest bank by market capitalization on Friday said that the post-tax charge, combined with a goodwill adjustment related to its recent Suncorp Bank acquisition, will reduce its CET1 capital ratio by 19 basis points.

The largest component of profit hit will be A$414 million for the 3,500 redundancies ANZ disclosed in September. The pre-tax cost will be A$585 million, higher than the bank's initial A$560 million estimate.

ANZ is scheduled to announce its second-half results on Nov. 10 alongside its full-year earnings report.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

October 30, 2025 18:07 ET (22:07 GMT)

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