On November 10, 2025, ANZ Chief Financial Officer Farhan Faruqui discussed the bank's full-year results in an interview with Alicia Muling, Senior Writer at bluenotes. Faruqui outlined the main factors influencing the financial outcomes for the year.
Faruqui identified three primary areas affecting the results. "The first area reflects the changes that have happened over the course of the year. First, we've had a full year of Suncorp Bank earnings that have come into 2025 results, which we didn't have in 2024 because, as you remember, we completed the Suncorp Bank acquisition in July end last year. So, we actually got Suncorp Bank really in on starting from August 1. This year, we've had a full year, that impacts the results. The second thing that impacts the results is just the regulatory matters that we have been dealing with, including some of the penalties, etc. that we have had to pay in the course of this year. So that's the second thing that has impacted our results. And I would say, third, we did announce in addition to the penalties on the regulatory side, other significant items that were really important – they were big, but they were important – to reset ourselves for the future. So, all of those things have come into the results, and they of course add to the complexity of interpreting these numbers."
He also noted external challenges: "The second thing that has happened is that we've been dealing with a global and domestic environment that has been constantly evolving, constantly changing, and we've of course had to deal into that in terms of how we've set our strategy, how we've set our balance sheet growth targets, and how we've managed our margins and returns during the course of the year. All of that is reflected in the results this year."
Regarding internal strategic focus areas announced at their recent strategy day: "And then the third thing I would say is the focus that we've announced in our strategy day... particularly around simplifying the organisation, creating more resilience and delivering value." He highlighted actions already underway related to cost management and capital resilience as well as plans to exit non-core businesses such as investments in 1835i.
When asked about ANZ’s performance given these circumstances Faruqui said: "In context...our Cash Profit after tax was flat at $6.9 billion...our Return on Tangible Equity was 10.5 per cent...and our pre-provision profit at $10.3 billion was up 2 per cent year-on-year." He added these figures provide a baseline for measuring progress toward ANZ’s strategic goals for 2028 and 2030.
Interest rate movements across major markets also played a role this year: "We've seen 14 rate cuts since September ‘24 across RBA, RBNZ as well as Fed...about 475 basis points in terms of easing across those three geographies." As a result: "our margins have declined two basis points," though Faruqui noted efforts made by ANZ to maintain pricing discipline and manage trade-offs between volume and returns.
The information provided is general background about ANZ Group’s activities current as at November 9, 2025; it does not constitute investment advice or take individual circumstances into account.