National Australia Bank reports $6.14B in full-year profit
Key points
- Cash earnings fell 13.4% to $6.14 billion, while underlying profit grew 6.9% excluding large notable items.
- NAB declared a final dividend of 85 cents per share, maintaining a CET1 capital ratio of 11.87%.
- The bank is updating software capitalisation policies and reshaping its workforce to improve efficiency amid economic uncertainty.
National Australia Bank (ASX:NAB) reported an FY26 statutory net profit of $6.14 billion alongside cash earnings of $6.14 billion.
Cash earnings fell 13.4% compared to FY25, though earnings excluding large notable items were flat at $7.10 billion.
Higher credit impairment charges included top-ups to the bank’s forward-looking provisions, citing more challenging economic conditions.
"These changes, along with the ongoing disciplined execution of our strategy, position NAB to navigate the near-term uncertainty," said NAB CEO Andrew Irvine.
The bank's business lending grew 8.8% in FY26, while Australian proprietary home lending drawdowns improved to 50% from 41% in FY25.
The final dividend of 85 cents per share and the full-year payout of $1.70 is flat on the previous year.
Following the announcement, the NAB share price was unchanged at $41.17.
NAB has expanded electronic identity verification at selected branches to combat fraud and scams.
The bank also introduced customer support initiatives, saving clients nearly $1 million on fuel during FY26.
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