CEO Nuno Matos said that competition for capital to fund data centres and gov’t spending has intensified.

The Australia and New Zealand Banking Group Limited (ANZ) has announced a cash profit of $5.25b (A$7.59b) for the FY2026 period that ended on 30 September, up 31% year-on-year (YoY).

Operating income rose 3% YoY to $15.56b (A$22.48b) over the same period.

ANZ CEO Nuno Matos attributed the rise to the bank’s “disciplined management of margins, capital and costs, and business growth.”

Common equity tier 1 (CET1) ratio was 11.99% in FY2026, 4 basis points (bp) lower from FY2025.

Dividend per share was A$0.83, for a total of A$1.66 in FY2026.

ANZ’s total credit impairment charge for FY2026 was $402.8m (A$582m) of which $249.15m (A$360m) was allocated to the FY2026 individual provision (IP) charge, higher by $22.84m (A$33m) than in FY2025.

ANZ said that its portfolio losses remained low.

Its FY2026 collective provision (CP) charge is A$22m, higher by $15.23m (A$108m) compared to a year ago, which ANZ said reflects portfolio growth and risks from higher interest rates and more challenging cost of living conditions.

Matos noted a more volatile external environment due to geopolitics, energy price shocks, and rapid technological change.

“Competition for capital to fund data centres, government spending and the energy transition has intensified, with this expenditure super-cycle, combined with inflationary supply side shocks, driving interest rates higher globally,” Matos said.

Matos said that ANZ is working with large corporate customers for their funding needs, hedging activity, and access to debt capital markets and supply chain finance.

The bank said that it is helping small and medium-sized businesses weather the more challenging environment, improve efficiency, and build their businesses.

ANZ’s retail customers in Australia were “largely resilient,” said Matos, with the majority ahead of scheduled repayments. However, he noted financial pressure in the second half of the fiscal year.

“Looking ahead, 2027 will be pivotal for ANZ. We will deliver two major transformation projects – the integration of Suncorp Bank and the single customer front-end – as well as a significant uplift and investment in capabilities through our growth initiatives,” Matos said.