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Commonwealth Bank of Australia (ASX:CBA) has delivered a robust financial performance for the half-year ended Dec. 31, 2025, headlined by a cash net profit after tax of $5.45 billion.
This represents a 6% increase compared to the previous year, driven primarily by significant volume growth in core lending and deposits.
Despite facing headwinds from inflationary pressures and compressed margins, the bank’s statutory profit rose to $5.41 billion, reflecting what CEO Matt Comyn describes as a "consistency of execution" in a shifting economic landscape.
The bank's operational strength was further evidenced by a pre-provision profit of $8.13 billion, up 5% on the prior comparative period.
The growth supported a rewarding outcome for shareholders, with CBA declaring a fully franked interim dividend of $2.35 per share.
The dividend payout ratio stands at approximately 74% of cash NPAT, signaling confidence in the bank's capital position and its ability to navigate a complex macroeconomic backdrop.
Looking ahead, Comyn noted that while the Australian economy remains resilient—supported by a strong labour market and rising investments in AI and energy—challenges persist.
Supply-side constraints are keeping inflation above the Reserve Bank’s target band, likely maintaining upward pressure on interest rates.
However, the bank remains committed to its technology modernisation agenda, specifically focusing on GenAI capabilities and enhanced security measures to combat fraud and cyber threats.