Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 7

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 7
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Acquisition of minority interest              ​   -           ​   -           ​   -          ​              -   ​   (4)         ​             (4)
Other                                             -               (15)        5                          (10)       (18)                     (28)
Total contributions and distributions             (782)       79                  (5,210)             (5,913)       (22)                  (5,935)
Balance as at 30 September 2025                   36,418          1,880           34,468               72,766   ​   327                    73,093
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a.                                                                        Relates to fully franked dividends at 30%:                                                                    
                             - 2025: 2025 interim dividend of 76 cents per share ($2,601 million) and 2024 final dividend of 76 cents per share ($2,614 million);                       
     - 2024: 2024 interim dividend of 75 cents per share and special dividend of 15 cents per share ($3,125 million) and 2023 final dividend of 72 cents per share ($2,527 million); and
                            - 2023: 2023 interim dividend of 70 cents per share ($2,456 millions) and 2022 final dividend of 64 cents per share ($2,240 million).                       
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b.   Westpac previously announced its intention to undertake a $3.5 billion on market buyback of WBC ordinary shares. During 2025, Westpac bought back and cancelled 21,058,056 ordinary shares ($ 672 million) at an average price of $31.93 (2024: 67,665,599 ordinary shares ($1,812 million) at an average price of $26.78).
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c.   During 2024, Westpac New Zealand Limited issued NZD 375 million (AUD 339 million) of perpetual preference shares that qualified as Additional Tier 1 capital under RBNZ’s criteria. Westpac recognises this instrument as a non-controlling interest.
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The above statements of changes in equity should be read in conjunction with the accompanying notes.
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6 WESTPAC GROUP 2025 ANNUAL REPORT
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STATEMENTS OF CHANGES IN EQUITY
for the years ended 30 September
Westpac Banking Corporation
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