logo
ANZ releases half-year FY25 earnings report, reveals $3.64bn profit

ANZ releases half-year FY25 earnings report, reveals $3.64bn profit

The Australian07-05-2025
One of Australia's biggest banks has delivered record revenues in its latest half-year earnings report.
ANZ, the ASX-listed $89bn financial giant, reported $10.99bn in revenues for the six months ending on March 31, 2025, a record high and a 5 per cent lift from the prior six months.
It also delivered a 16 per cent jump in net profits to $3.64bn.
The market had expected profits reaching $3.44bn.
ANZ acquired Suncorp Bank in the middle of 2024 and Thursday's results reflected the first full inclusion of Suncorp's earnings.
Return on equity, which measures how effectively a bank squeezes profits from money invested by shareholders, lifted 0.94 points to 10.2 per cent.
But net interest margin, a key measure of bank profitability, dipped from 2.44 per cent to 1.56 per cent.
The bank announced a dividend of 83 cents per share.
Banking giant ANZ reported record revenues and profits on Thursday morning. Picture: NewsWire / Gaye Gerard
Outgoing ANZ CEO Shayne Elliott celebrated the results and said the bank was 'well placed to navigate ongoing volatility'.
'We have delivered record half year revenues,' he said.
'This highlights both the strength of our franchise and the step change in our earnings from the inclusion of the first full half of Suncorp Bank's earnings.
'As I hand over to our incoming CEO Nuno Matos, the bank is well placed for the future.
'Our strong balance sheet, along with our diversified portfolio, leave the bank well placed to navigate ongoing volatility.'
Mr Elliott ran the bank for nine years and Mr Matos, formerly the CEO of HSBC's the wealth and personal banking division, will take control of ANZ from Today.
Outgoing ANZ CEO Shayne Elliott said Australian households remained 'remarkably robust' on Thursday. Picture: NewsWire / Arsineh Houspian
Loans and deposits also advanced over the period.
Gross loans were $824bn at the end of March, a 2 per cent lift from the prior six months, while customer deposits increases 6 per cent to $756.6bn.
Australian households have remained 'remarkably robust and resilient', Mr Elliott said, and were well positioned to navigate uncertainty.
'While initial interest rate relief was welcomed by retail and commercial customers, we know many continue to face challenges,' he said.
'Generally households remain remarkably robust and resilient, with strong balance sheets the norm for our customers in both Australia and New Zealand.
'For those who need assistance, our teams ready to help with tailored support.'
More to come.
Read related topics: Anz Bank
Duncan Evans
Reporter
Duncan Evans is a reporter for News Corp's NewsWire service, based in Adelaide. Before NewsWire, he worked as a resources and politics reporter for The Daily Mercury in Mackay, Queensland and as a reporter at CQ Today, an independent newspaper based in Rockhampton. He was raised in Emerald and Brisbane and studied English Literature and American Studies at the University of Sydney. He began his career in journalism working for the Jakarta Post in Indonesia for over two years as an editor, translator and writer. He is fluent in Indonesian.
@Duncanevans01
Duncan Evans
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Penthouse shoots for Sydney coastal suburbs record
Penthouse shoots for Sydney coastal suburbs record

Daily Telegraph

time2 hours ago

  • Daily Telegraph

Penthouse shoots for Sydney coastal suburbs record

It has been billed as the most exclusive and prestigious offering Bondi has ever seen, perched on the oceanfront and connected to the coastline. Meet Pearl Bondi the $150m project just approved for Bondi's peninsula cliffside with north-east aspect, elevation and comprising a clutch of seven luxury homes aimed at established eastern suburbs families and downsizers. And Pearl's creator, top Sydney builder developer Central Element is set to rewrite Bondi's property history with the highly anticipated release of the Pearl Penthouse – the pinnacle of the project. Set to become the coastal suburbs most exclusive and high-end residence to date, with an asking price of $30m, the ultra-luxurious apartment is expected to smash the suburb record. The previous record was $24m in 2022, for Multiplex heir Andrew Roberts' 190sqm apartment in Notts Ave, Bondi Beach. The price equated to $126,000 per sqm. MORE: Waterfront deal falls over, then sells for $2m less The 328sqm penthouse offers four bedrooms, 3.5 bathrooms and a 17m east-facing frontage with uninterrupted ocean views. Central Element managing director Nathan Chivas expects Pearl to be popular. 'At its heart is the Pearl Penthouse, the most luxurious and prestigious offering the suburb has ever seen,' Mr Chivas said. 'Every element – from the 17‑metre frontage to the timeless interiors – has been crafted to create a sanctuary that connects deeply with Bondi's coastal energy. 'It's a hidden treasure revealed only to a privileged few and we expect demand for the Pearl Penthouse to reflect the rarity of what's on offer.' Central Element has gathered talented architects, landscapers and interior designers to create Pearl Bondi, which consists of two houses fronting Sandridge St and five apartments cascading towards the coastline with access to Wilga St. Three apartments are whole-floor residences with expansive terraces while the two ground floor apartments will each have a private pool. The Torrens-title houses will also have their own private plunge pools, outdoor entertaining space and wide ocean views. One has, facing north has a traditional layout with bedrooms upstairs while the southern house has the upper level dedicated to living and dining with two balconies capturing the view. The ultra-luxury project has been designed by award-winning architects MHNDU and the homes will share almost 500sqm of landscaped communal space as well as having their own external areas – up to 86sqm. The site is more than 2000sqm in a tightly-held pocket between Bondi and Tamarama with direct access to the coastal walk. Madeleine Blanchfield, of Madeleine Blanchfield Architects, has been engaged to design the interiors of the seven homes. She is well-known and highly sought after in the Eastern suburbs. 'Our design approach for Pearl will be centred on quiet luxury and refined simplicity – using natural materials, light and texture to create homes that feel timeless, grounded and intimately connected to their coastal surrounds,' she said. Materials such as travertine, American oak, Patagonia Pink quartzite and brushed stainless steel are all on the Pearl palette. Kitchens have stone island benches and Sub-Zero and Wolf appliances are included. Construction on Pearl Bondi will begin in the spring of this year and completion is planned for late 2027. Central Element has already broken suburb records in Sydney's east. Last year in Coogee it made a $20m off-market sale for a three-bedroom penthouse at Ballamac House.

Victoria says $776 million treaty negotiations claim ‘cherry-picked', but $308 million spent since 2020
Victoria says $776 million treaty negotiations claim ‘cherry-picked', but $308 million spent since 2020

News.com.au

time2 hours ago

  • News.com.au

Victoria says $776 million treaty negotiations claim ‘cherry-picked', but $308 million spent since 2020

The Victorian government has hit back at 'cherry-picked analysis' that claimed it has spent more than $776 million on treaty negotiations since 2016. The Institute of Public Affairs (IPA), a conservative think tank, on Sunday published analysis of spending items in Victorian government budget documents relating to treaty or 'self-determination' initiatives. The report claimed Victoria had spent $776.2 million on programs related to the development of a state treaty since 2016, with $100.6 million committed in the 2026 financial year alone and $220 million in the first two full financial years following the defeat of the Voice referendum. 'This is cherry-picked analysis from a Liberal Party-aligned think tank,' a Victorian government spokesperson said. 'If you listen to the people directly affected by policies, you get better outcomes — that's common sense. Treaty is about making a better and fairer state for all Victorians — negotiations are underway and we look forward to bringing Treaty to the Parliament.' The government would not confirm the IPA's figures, but noted $308 million had been invested into the Treaty since the 2020-21 budget, according to publicly available annual reports. Analysis of annual reports and budget papers by the Herald Sun put the figure at $382.4 million over the past 10 years. Some of that funding has gone into setting up the Treaty Authority, an 'independent umpire' created by the First Peoples' Assembly of Victoria and the State of Victoria to oversee the process. The Herald Sun reported in 2023 that members of the Treaty Authority panel could be paid a salary of up to $380,000 per year plus expenses if they worked full-time. The Victorian government first committed to advancing a treaty with Indigenous Victorians in 2016. Negotiations formally began in November 2024, and Victoria plans to finalise a treaty by the end of the 2026 financial year. Victoria would be the first Australian jurisdiction to negotiate a formal treaty with Aboriginal and Torres Strait Islander peoples. But the IPA said Victorians remained largely in the dark about what a treaty would entail, despite the hundreds of millions of dollars spent and hundreds of meetings held since 2017 in preparation for negotiations. 'Despite the Victorian government spending in excess of $776 million on secret treaty negotiations, mainstream Victorians are none the wiser as to what special rights and reparations it will grant to some Victorians based solely on race,' IPA research fellow Margaret Chambers said in a statement. The report noted that between July 2016 and June 2025, 727 meetings had been held by the Victorian government in relation to the development of a treaty — but just four public statements had been issued and the 'substance of these negotiations remains largely undisclosed'.That number included meetings between First Peoples' negotiating parties and the state of Victoria to negotiate or prepare for Treaty agreements, and meetings with departments to support whole of Victorian government co-ordination and engagement in Treaty negotiations. 'The Victorian government is not being honest and upfront with Victorians about its plan to divide the community by race,' Ms Chambers said. 'With a treaty scheduled to be finalised in the next 12 months, and despite the volume of secret meetings over the past decade, very little is known about what this treaty will entail. 'Any treaty will fundamentally change Victoria's legal structure and will likely require already financially stretched Victorian taxpayers to pay billions of dollars to activists aligned to the Allan government. 'Yet, for a government which operates one of the most sophisticated and well-funded spin machines ever seen, just four statements, totalling 1588 words, have been released on the Allan government's plan to divide Victorians by race.' Recent IPA analysis claimed the monetary compensation, tax relief and litigation which would flow from a treaty in Victoria based on the landmark Yoorrook report would be in excess of $48 billion annually. 'Victorians voted against racial division at the Voice referendum,' Ms Chambers said. 'Jacinta Allan is demonstrating complete and utter contempt for the Victorian people, and our democracy, by pursuing this treaty that will divide and cripple Victoria. 'With all the problems that Victoria faces, the last thing the community needs is a two-tiered legal system where some have special rights and get special government payments. Every Victorian should be treated equally under the law.'

Half disclosure
Half disclosure

ABC News

time3 hours ago

  • ABC News

Half disclosure

And now we turn to the pages of the financial press where, in a bid to fatten our wallets, Australia's business barons have been doling out market intelligence: There are clear reasons for a more bullish sentiment to take hold in private capital investment in 2025. - The Australian Financial Review, 20 March 2025 Rightio then … … prudent investors recognise that today's investments form the bedrock for tomorrow's portfolio health. - The Australian Financial Review, 20 March 2025 And in a stroke of great fortune, the AFR's correspondent happens to be one such prudent professional investor who's just a click away via this helpful link. In fact, The Australian Financial Review's 'Industry Insight' column is a veritable well of wisdom drawing as it does right from the source. Last month it warned not to be left behind by the AI revolution: … for those prepared to adapt, complexity is not a threat; it's a chance to thrive. … this is the moment to shift gears. - The Australian Financial Review, 25 June 2025 And as luck would have it, our scribe just so happened to work for an IT consultancy—no doubt happy to muck in and help. Two weeks earlier, the AFR sounded the alarm on underinsurance: In a worst-case scenario, investors may have to sell their property … - The Australian Financial Review, 12 June 2025 And a handy thing it was, that the author happened to work for a company that flogs insurance. And on it goes. The booming Asia Pacific market, by fundies who specialise in the Asia Pacific market. Electric vehicle subsidies by the CEO of an electric vehicle manufacturer. And the very many advantages of real-time banking rendered into poetry by a real-time banker. So why on earth is Australia's premier financial rag printing columns which read like advertising dross? I'll give you one guess. Because that's what they are. 'Industry Insight' might have done little to help readers make coin, but they have certainly been a nice little earner for the AFR. And how do we know? Because open 'Industry Insight' on the AFR's website and the sponsorship is plain as day. A mere oversight, I hear you say? The Fin's poor harried subs too busy to scratch themselves let alone lay-out a proper disclosure in print. Just one problem with that theory, because for all of 2021 and 2022 The Australian Financial Review clearly marked its 'Industry Insight' feature as sponsored content, allowing readers to choose whether to read the balderdash or turn the page and find some real news instead. But from about August 2023, the disclosure mostly disappeared. Now, could it be that ads disguised as genuine articles might be better read? 'Not at all', we were assured by Nine. A spokesperson for the paper said it was a mere: … unintentional discrepancy in content published in some print editions of the AFR. We have reviewed our operational processes with the commercial team to help ensure it doesn't happen again. - Email, Nine Spokesperson, 25 July 2025 Just some print editions? Try almost two years' worth. But with its half-pregnant disclosures, perhaps we shouldn't be too harsh. After all, the AFR is all about squeezing the lemon consciously or otherwise and what better than passive income!

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store