Westpac NZ 2026 Half Year Financial Results Media Release

05/05/2026 09:46 NZST, GENERAL

Key financials

(All comparisons are for the 6 months ended 31 March 2026 versus the 6 months ended 31 March 2025)

• Pre-provision profit of $795 million, up 4%.

• Net profit of $545 million, up 4%.

• Net operating income of $1,555 million, up 4%.

• Operating expenses of $760 million, up 4%.

• Net impairment charge of $37 million, compared with an impairment charge of $33 million in the same period last year.

• Net interest margin 2.29%, up 3 basis points.

• Home lending up 5% to $73.3 billion, Business lending up 6% to $35.0 billion, Deposits up 3% to $83.7 billion.