ANZ Group Holdings Limited (ANZ) Earnings Call Transcripts
ANZ Group Holdings Limited's Latest Earnings Call - May 1, 2026
In the first half of fiscal year 2026, ANZ Group Holdings Limited reported a cash profit after tax of $3.8 billion, reflecting a 14% increase excluding significant items. Revenue was flat compared to the previous half, with net interest income broadly stable and lending volume growth softer, particularly in home lending. Management maintained an interim dividend of $0.83 per share and increased the franking rate to 75%, indicating confidence in their capital position despite external economic pressures. Looking ahead, management signaled a bias to the upside for net interest margins, supported by anticipated rate hikes and a disciplined approach to margin management.
Reported metrics
| Metric | Value |
|---|---|
| Cash Profit After Tax | $3.8B (beat) |
| Revenue | Flat (inline) |
| Cost-to-Income Ratio | 49.4% (positive) |
| Return on Tangible Equity | 11.6% (positive) |
| Common Equity Tier 1 Ratio | 12.39% (positive) |
| Interim Dividend | $0.83 (positive) |
Guidance from management
Management anticipates a bias to the upside for net interest margins in the second half, supported by expected rate hikes and disciplined margin management. They are committed to achieving $875 million in productivity savings for FY '26, up from previous targets.
What management said
Yes. No, thanks for that question, Andrew. Look, I think we are actually -- from a base case scenario standpoint, we have -- I don't have the numbers for the next 2 years or so, Andrew, but I can tell you that over the next 6 months or so, we haven't estimated, if you were to move to the base case, we would have an estimated $3 billion increase in RWA, which would basically equate to approximately 9 basis points of c...
Yes. So thanks, Ed. The -- I talked about the bias to the upside in the next half. It is driven to a great extent by a replicating portfolio. As I said, we have a 7 basis point tailwind in the next 12 to 18 months on replicating portfolio. But majority of that actually comes through in the next half. So that actually is supportive to NIM as well as, obviously, the fact that we have more rate hikes baked into our curr...
What analysts pressed on
Analysts expressed concerns regarding the flat revenue growth despite a favorable market environment, questioning whether ANZ's cautious approach to growth could hinder their competitive position. There were also inquiries about the impact of potential economic deterioration on credit quality and provisions.
Main topics on the call
- Dividend and Capital Position — ANZ proposed an interim dividend of $0.83 per share, with an increased franking rate from 70% to 75%. This reflects management's confidence in their capital position, as they stated, "the discount will now not occur and ...
- Cost Management and Productivity Gains — Operating expenses were reduced by 9% half-on-half, leading to a cost-to-income ratio improvement to 49.4%. Management stated they are on track to achieve $875 million in productivity savings for FY '26, up from a previo...
- Challenges in Revenue Growth — Despite a favorable revenue environment, ANZ's revenue was flat in the half. Management acknowledged the need to improve productivity and stated, "we want to grow in a profitable manner," indicating a cautious approach t...
- Credit Quality and Provisions — ANZ recorded a collective provision charge of $126 million, reflecting increased risk due to external economic pressures. The coverage ratio increased to 1.22%, with management emphasizing their strong portfolio quality ...
Read the full ANZ Group Holdings Limited transcript (May 1, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About ANZ Group Holdings Limited
ANZ Group Holdings Limited (ANZ) is a publicly listed company in the Banks industry, within the Financials sector. It trades on ASX and is based in AU. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 28 calls on record spanning April 30, 2020 to August 12, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 28 ANZ Group Holdings Limited earnings call transcripts on record, spanning April 30, 2020 to August 12, 2026. Based on this history, ANZ Group Holdings Limited reports quarterly. The most recent call on file is dated August 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- ANZ
- Exchange
- ASX
- Country
- AU
- Sector
- Financials
- Industry
- Banks
- Calls on record
- 28
- First call
- April 30, 2020
- Most recent
- August 12, 2026
- Reporting cadence
- quarterly