1H25 Notable Items and Reporting Changes

ASX
Release




Level 18, 275 Kent Street
Sydney, NSW, 2000

30 April 2025
WESTPAC’S HALF YEAR 2025 (1H25) NOTABLE ITEMS AND REPORTING CHANGES

1H25 Notable Items
Westpac’s reported net profit after tax in 1H25 will be reduced by $140 million due to Notable Items
that relate solely to hedging items, which reverse over time.
A summary of the impacts is included in Appendix 1.

Pillar 3 Reporting Changes
APRA's revised APS 330 became effective on 1 January 2025:
•The standard includes new disclosures;
•The format for most disclosures is prescribed;
•The frequency of disclosures varies, with specific items required on a quarterly, semi-annual or
annual basis; and
•On transition to the revised standard, ADIs are generally not required to provide comparatives when
new disclosures are reported for the first time.  Where comparatives are available Westpac will
include this information.
First Half 2025 results are scheduled to be announced on Monday, 5 May 2025.

For further information:
Hayden Cooper
Justin McCarthy
Group Head of Media RelationsGeneral Manager, Investor Relations
+61 402 393 619+61 422 800 321
This document has been authorised for release by Tim Hartin, Company Secretary.

Appendix 1 - Summary of 1H25 Notable Items
$m
Economic
hedges
Hedge
ineffectivenessTotal
1H25
Net interest income(149)(69)(218)
Non-interest income18-18
Net operating income(131)(69)(200)
Operating expenses---
Pre-provision profit(131)(69)(200)
Income tax (expense)/benefit and NCI392160
Net profit/(loss)(92)(48)(140)
$mConsumer
Business &
Wealth
Westpac
Institutional
Bank
Westpac
New
Zealand
(A$)
Group
BusinessesGroup
1H25
Net interest income---(1)(217)(218)
Non-interest income----1818
Net operating income---(1)(199)(200)
Operating expenses------
Pre-provision profit---(1)(199)(200)
Impairment (charges)/benefits------
Profit before income tax (expense)/benefit---(1)(199)(200)
Income tax (expense)/benefit and NCI----6060
Net profit/(loss)---(1)(139)(140)