NAB net profit dip 2.5% to A$3.4b in H1 2025

Net operating income rose 1.4%, and net interest income is 0.6% higher.

National Australia Bank (NAB) reported a net profit of A$3.4b for the H1 2025 period that ended in March 2025, a 2.5% decline compared to the same period a year earlier.

Net operating income rose 1.4% to A$10.28b, whilst net interest income was 0.6% higher at A$8.44b.

Cash earnings are 1% higher at A$3.58b, and a 2% rise compared to Q4 2024.

CET1 ratio is 12.01%, and cash ROE is 11.7% for the H1 period.

NAB CEO Andrew Irvine believes that they are managing their business well, especially with continued challenging operating conditions.

Among their priorities are driving greater speed and simplicity as well as modernising their technology.

“Home lending drawdowns via  our proprietary channels increased 25%, retail transaction account openings via our branches are 32% higher, we have  grown our share of SME business lending and initiatives underway to address specific customer pain points are driving a strong lift in customer advocacy in these areas,” Irvine said.

Looking ahead, Irvine said that NAB is optimistic about the growth outlook for the Australian and New Zealand economies.

“Whilst challenges remain in our operating environment and recent global trade tensions have increased uncertainty in the outlook, we are well placed to navigate this situation,” NAB stated.