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Why Did Westpac’s Profit Fall 9% Despite Digital Innovation and Strong Capital?
3:05am on Monday 2nd of June, 2025 AEST
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Financial Services
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Why Did Westpac’s Profit Fall 9% Despite Digital Innovation and Strong Capital?
3:05am on Monday 2nd of June, 2025 AEST
Key Points
Net profit of AUD 3.317 billion, down 9% year-on-year
Core net interest income stable; net interest margin contracts due to competition
Operating expenses rise 3% driven by technology and staff investments
Strong capital position maintained with CET1 ratio at 12.2%
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