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Westpac’s Q1 Profit Climbs 6% as Strategic Overhaul Gains Traction

7:38am on Friday 13th of February, 2026 AEDT Financial Services
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Westpac’s Q1 Profit Climbs 6% as Strategic Overhaul Gains Traction

7:38am on Friday 13th of February, 2026 AEDT
Key Points
  • Net profit excluding notable items up 6% to $1.9 billion
  • CET1 capital ratio at a robust 12.3%, exceeding target
  • Growth in deposits and lending across retail and institutional segments
  • Progress on transformation programs UNITE, BizEdge, and Westpac One
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