Company: WEBNF
Filing Date: 2025-08-14
Form Type: 6-K
Source: 0001104659-25-077854
Chunk: 1

Company: WESTPAC BANKING CORP
Filing Date: 2025-08-14
Form: 6-K
Chunk 1
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 or experience
could result in Westpac incurring losses greater than those anticipated or provided for.

Content in this announcement principally covers and compares thethree months ended June 30, 2025 (“3Q25”) and first half 2025 (“1H25”) quarterly average periods unless otherwise stated. The 1H25 quarterly averages have been calculated using the simple arithmetic average of each financial item for the three months ended December 31, 2024 and the three months ended March 31, 2025. All dollar values in this Report are in Australian dollars unless otherwise noted or the context otherwise requires, references to ‘dollars’, ‘dollar amounts’, ’$’, ‘AUD’ or ‘A$’ are to Australian dollars. Certain amounts and ratios, including amounts and ratios excluding Notable Items, are not defined by Australian Accounting Standards (“AAS”). These non-AAS measures are identified and described in the ‘Introduction – Non-AAS financial measures’ section of Westpac’s 2025 Interim Financial Results on Form 6-K filed with the U.S. Securities and Exchange Commission.

On August 14, 2025, Westpac
Group (“Westpac” or “the Group”) provided the market with an update of its performance for 3Q25. The update coincided
with the release of Westpac’s Pillar 3 Report for 3Q25.

Westpac 3Q25 update

Performance overview

| · | Unaudited                                                                                
 statutory net profit was $1.9 billion for 3Q25, an increase of 14%. Pre-provision profit 
 rose 11% with revenue increasing 7% and expenses rising 3%.                              |

| · | Notable                                                                                  
 Items, related to economic hedges of term funding, provided a slight benefit compared to 
 a modest reduction for the first half 2025 quarterly average.                            |

| · | Excluding                                                                                    
 Notable Items, net profit increased 8% to $1.9 billion and pre-provision profit rose 6% with 
 revenue increasing 4% and expenses rising 3%.                                                |

| · | Impairment charges were                
 5 basis points of average gross loans. |

| · | Capital, funding and                                    
 liquidity remain comfortably above regulatory minimums. |

Operating trends

Net interest income increased 7%, largely due
to the increase in Net Interest Margin (“NIM”). The NIM of 2.01% comprised:

| · | Core NIM1