Commonwealth Bank Of Australia · ASX:CBA
Commonwealth Bank Of Australia — FY2025 Earnings Presentation
133 slides from Commonwealth Bank Of Australia's earnings presentation, Aug 13, 2025
Slide 1: Results Presentation and Investor Discussion Pack
Results Presentation and Investor Discussion Pack For the full year ended 30 June 2025 Commonwealth Bank of Australia
Slide 2: Disclaimer
The material in this presentation is general background information about the Group and its activities current as at the date of this presentation, 13 August 2025. It is information given in summary form and does not purport to be complete. It is intended to be read by a professional analyst audienc
Slide 3: Contents
Contents CEO & CFO presentations 4 Overview & strategy 41 Financial overview 52 Home & consumer lending 71 Business & corporate lending 84 Funding, liquidity & capital 93 Economic overview 116 Sources, glossary & notes 124
Slide 4: Results presentation
Results presentation Matt Comyn, Chief Executive Officer
Slide 5: Supporting customers, protecting communities
• Supporting our customers with ongoing cost-of-living pressures • Provided more than 139,000 tailored payment arrangements for customers most in need of support1 Supporting • Helped more than 140,000 households to buy a home2 and provided support for first home buyers customers • Extended commitmen
Slide 6: Spending and savings
Spending1,2 Savings1,3 Year on year change: Apr – Jun 25 Essentials Discretionary Apr – Jun 24 Age, years 5.8% 2.8% 1.9% 20 - 24 6 25 - 34 4.4% 2.6% 0.8% 5 2.9% 4.1% 2.1% 35 - 44 4 2.6% 4.4% 3.3% 45 - 54 3 2.8% 4.4% 4.3% 55 - 64 2 2.6% 2.9% 7.6% 65+ 1 1. On a nominal basis. Per customer. For spendin
Slide 7: Productivity, tax mix and contribution to Australia
Productivity Tax mix Contribution to Australia GVA per FTE1 Corporate tax2 Comparison between 16 large businesses operating in Australia3 USD ‘000’s FY23 2023 NPAT growth4 Small & medium Large $140bn 680,000 $31bn $329bn 2022 - 2024 Big tech 2% 1% +87% 9% 8% 61 Australia Next 1 million 118 $42bn 17%
Slide 8: CBA taxes and other contributions
CBA taxes and other contributions1 Market benchmarks FY25 financial impact Strength Efficiency Profitability CET1 (International)3 Cost to income4 Return on tangible equity Armaguard financial support (ROTE)4 Add’l capital buffer Australia Post financial support 18% 54% 16.5% Customer / Financial se
Slide 9: Building a brighter future for all
Our purpose Building a brighter future for all Our priorities Build Australia’s Reimagine Lead in Deliver simpler, future economy customer experiences technology and AI safer and better Help businesses Deep and trusted Modernised technology Protect customers through drive growth customer relationshi
Slide 10: Stronger customer relationships and frequency of engagement
Better understanding of 2 customer needs and risk • Technology leader, history of innovation Stronger customer relationships • Leading decisioning technology 1 and frequency of engagement • Higher quality, lower risk lending • Personalisation and machine learning at scale • Australia’s most valuable
Slide 11: Digital and NPS leadership
Consumer Business Institutional2 #1 #1 #2 Peers Peers Peers Jun 23 Jun 25 Jun 23 Jun 25 Jun 23 Jun 25 Consumer mobile app Consumer digital Business digital #1 #1 #1 Peers Peers Peers Jun 23 Jun 25 Jun 23 Jun 25 Jun 23 Jun 25 1. Refer to glossary at the back of this presentation for further details.
Slide 12: Retail and Business
Retail MFI share1 Retail transaction accounts2 Home lending4 Home loans linked to a transaction account Jun 25 #1 vs Jun 24 +4% vs Jun 24 +6% Retail 1 in 3 33.4% 11.2 11.7 442 566 600 >97% Australians 16.8% m 8.7 $bn Nearest peer CBA Jun 19 Jun 24 Jun 25 Jun 19 Jun 24 Jun 25 5 +16.6% gap to nearest
Slide 13: Customer and operational performance
• Leading NPS1 in Consumer and Business – #1 in Consumer for 32 consecutive months • NPS1 leadership across consumer mobile app, consumer and business digital Customer • Increased total number of transaction accounts by >85k in business and >485k in retail2 performance • Deepening digital engagement
Slide 14: FY25 key metrics
7% Statutory NPAT MFI share Transaction accounts Deposit funding 33.4% Retail MFI2 >485k retail accounts3 27.3% Business MFI2 >85k business accounts 78% 4% Cash NPAT Jun 25 Jun 25 vs Jun 24 % of total funding CET1 Dividend per share Shareholder returns 25c Cash EPS Level 2 12.3% $4.85 $8bn 5 >10.25%
Slide 15: Operating income, expenses, pre-provision profit, cash NPAT
Operating income Operating expenses Pre-provision profit Cash NPAT Disciplined approach to volume Inflation and investment Higher operating income and Lower loan growth with stable underlying margin in technology and frontline growth in operating expenses impairment expense +5% +6% +3% +4% 28,465 27
Slide 16: Troublesome exposures, hardship and provisioning
Troublesome & non-performing Hardship Provisioning2 exposures1 Number of home loan cases in hardship Total provisions vs Central ECL3 % of TCE Jun 25 0.97% (19%) $6.4bn 0.98% 0.95% ~$2.6bn $3.8bn Jun 24 Dec 24 Jun 25 Dec 19 Jun 24 Dec 24 Jun 25 Central Total scenario ECL provisions 1. Troublesome an
Slide 17: Deposit funding, long-term funding, liquid assets, capital
Deposit funding1 Long-term funding Liquid assets3 Capital % of total funding Weighted average maturity2, yrs Average4, $bn CET1 ratio, Level 2 78% 5.1yrs $184bn 12.3%7 5.1 71% 10.7%6 10.25% 57% 137 APRA 3.5 minimum8 5.0%5 50 Pre- Pre- Pre- Pre- GFC GFC GFC GFC COVID COVID COVID COVID Jun 08 Jun 19 J
Slide 18: Franchise strength by division
RBS BB IB&M ASB Retail MFI share1 Business MFI share1 Deposit funding ratio5 Reputation score8 Jun 25 Net deposit funding contribution +$65bn Avg of major Nearest peer Nearest peer #1 June 25 (spot) NZ banks 44.8% 27.3% 1.7x 1.7x 76.6 40.1% 75.8 33.4% 25.5% 72.6 19.3% 1.1x 72.2 16.8% 13.2% 15.3% 23.
Slide 19: CommBank app, CommBank Yello and Bankwest
CommBank app + CommBank Yello Bankwest Simpler & more rewarding Transformed into a digital bank >9 million >90,000 • Relaunched CommBank Yello active app users2 • Reimagined app and website new-to-bank customers acquired in FY25 • Leading AI capability, highly personalised • Simpler digital banking
Slide 20: CommBank Yello and business lending
CommBank Yello Auto-decisioned Change in Business MFI share3 Business transaction accounts Business lending4 for Business lending Jun 25 vs Jun 19 +65% +76% 420bpts 1.3 161 0.8 92 m $bn Jun 19 Jun 25 Jun 19 Jun 25 90bpts Business deposits5,6 Cash NPAT +64% +48% (40bpts) 4.1 40% of 185 Group 113 2.8
Slide 21: Investing in AI and delivery, modernising
• Launched AI Factory to accelerate adoption of GenAI • Launched Seattle Tech Hub to accelerate GenAI and agentic AI adoption Investing in AI • Leveraging leading AI tools for faster delivery & delivery • 35% more tech changes deployed – 30% reduction in critical incidents with recovery time improvi
Slide 22: Security, QR Cardless and notifications
Security QR • Invested over $900 million to help protect customers against fraud, scams, cyber threats & financial crime 3 notifications Cardless • More than 76% reduction in customer scam losses since peak4 • NameCheck used over 110 million times & prevented over $880 million mistaken payments & sc
Slide 23: Results presentation
Results presentation Alan Docherty, Chief Financial Officer
Slide 24: Operating context and FY25 financial outcomes
Operating context Management response Long-term franchise implications • Cash rate moderating, real incomes improving • Supporting our customers • Leading Retail & Business MFI1 share • Competitive intensity • Pricing discipline; further investment in proprietary distribution • Increased share of in
Slide 25: Statutory to cash NPAT
$m FY24 FY25 Statutory NPAT – continuing operations 9,481 10,133 Non-cash items: Includes Bank of Hangzhou, SAF sales, PT Bank Commonwealth, Commonwealth Private, Count Financial - Transaction costs and losses on disposals2 (372) (172) and other previously announced divestments and closures Primaril
Slide 26: FY25 financial summary
FY25 vs 2H25 vs $m FY25 FY24 1H25 Operating income 28,465 4.8% 1.9% Underlying operating expenses 12,866 6.1% 1.9% Restructuring and notable items2 130 Underlying operating Operating performance 15,469 3.4% 0.2% performance3 + 2% Loan impairment expense 726 (9.5%) 26.9% Cash NPAT 10,252 4.2% (0.2%)
Slide 27: Operating income
• Underlying margin2 +2bpts • Volume driven retail, business and institutional fees; and • Lending volume growth3 +5.3% • Higher Markets trading income (partly offset in NII); partly offset by • Lower merchants revenue due to higher scheme fees +4.8% • 1 less day ($62m) 1,199 92 28,465 27,174 Avg. v
Slide 28: Share of NII and home loan funding
Share of total NII1 Proprietary home loan funding Home loan funding Four largest banks2 Share of total market3 By channel FY Mar 25 Mar 25 vs Jun 23 FY25 Change in share (0.5%) (0.4%) +0.3% +0.6% Broker originated home loans FY25 vs FY24: CBA Other market participants ~20-30% less profitable than pr
Slide 29: 2H25 net interest margin
(1) 1 (1) (4) 5 - 208 208 $7bn increase in Replicating portfolio hedge 3 average liquid assets Equity hedge 2 Deposit competition (2) Impact on deposit margins of lower cash rate (1) Basis risk (1) bpts 1H25 Liquids Asset Funding Interest rate risk Portfolio Other 2H25 pricing costs hedging mix
Slide 30: Operating expenses
Underlying cost to income: 44.6% 45.2% Contribution to mvt: +3.6% +3.1% +1.5% +1.3% (3.4%) +6.1% 177 157 (411) 382 432 12,866 12,129 Cumulative cost savings • Investment in infrastructure modernisation realised (last 7 yrs): and AI capabilities • FY25: $2,068m • Higher software licensing and cloud •
Slide 31: Loan impairment expense and arrears
Loan impairment expense Arrears2 Troublesome & non-performing exposures3 Loan loss rate, bpts1 90+ days Corporate, $bn FY23 FY24 FY25 Home loans Personal loans Credit cards % of TCE: 0.85% 0.80% 1.11% 1.01% 0.97% Consumer 11 6 5 Corporate 15 16 14 Total 12 9 7 1.56% 1.51% 6.5 6.2 6.3 1,108 5.3 1.02%
Slide 32: Total credit provisions and scenarios
Total credit provisions Provisions and scenarios $bn Jun 25 TP/CRWA: 1.29% 1.62%2 1.60%2 8.5 $6.4bn $6.4bn 6.2 4.8 ~$2.6bn above 3.2 3.3 Corporate 3.8 central scenario 3.0 3.1 Consumer Pre-COVID $bn $bn Jun 19 Dec 24 Jun 25 Central Recognised Downside scenario3,4 provisions scenario 3,5 1. The Group
Slide 33: Economic cycle
• AASB 9 requires a forward-looking approach to loan loss provisioning to dampen pro-cyclical provisioning behaviour through forward-looking adjustments (FLAs) and multiple economic scenarios (MES) in determining Economic cycle collective provisions (CP). • Total provisions will likely be lower foll
Slide 34: Deposit funding, funding composition, liquid assets
Deposit funding1 Funding composition Liquid assets6 $bn % of total funding Average7, $bn % of total funding WAM2 Liquids as a % of total assets 57% 71% 78% 3.5yrs 5.1yrs 5.1yrs 10% 14% 14% 184 9% 7% 909 Short-term 24% 15% wholesale3 20% 23% AT1/T25 137 12% AT1/T25 Long-term wholesale4 19% 51 594 184
Slide 35: CET1 movements
Movements in bpts Level 1 12.4% +12.3% (78) 103 (31) 20 (5) 12.2% 10.25% APRA minimum6 Credit Risk4 (32) Sale of HZB 17 Capitalised software (6) IRRBB 5 Sale of VIB 3 Other 1 Market Risk (4) Operational Risk - Dec 24 1H25 dividend Cash NPAT 3 RWA Divestment 5 Other Jun 25 2 Level 2 (DRP neturalised)
Slide 36: Final dividend of $2.60, up 4%
• Final dividend of $2.60, a 4% increase on 2H24 dividend Sustainable returns Dividend per share (cents) • DRP with no discount and expected to be fully neutralised Cash NPAT2 full year payout ratio • Full year payout ratio of 79% towards the upper end of target payout range, reflecting our aim to p
Slide 37: Capital buffers, earnings hedges, funding mix
Capital buffers Earnings hedges Funding mix $13 billion of capital buffers to fund growth $178 billion of structural hedges to protect Predominantly deposit funded, low mix of and absorb losses earnings from downside shocks short-term funding Capital buffers1 Deposit & equity hedge6 Funding composit
Slide 38: Franchise growth, investment and superior returns
Franchise growth, investment and superior returns Franchise growth Franchise investment Capital return Reinvest up to 20-30% NPAT in accretive growth Invest behind our strategic priorities Tightly manage share count and M&A discipline Credit RWA volume growth1 Investment spend Number of shares (bn)
Slide 39: Economic growth recovering, below trend
• Economic growth recovering, but remains below trend - Inflation back within target band, modest rate-cutting cycle underway - Improving confidence but households still stretched - Recovery in discretionary consumer spend • Complex and uncertain global environment - Trade and tariff disruption not
Slide 40: Supporting and protecting our customers
Customers • Supporting and protecting our customers Net Promoter Score1 Rank Market share Rank Consumer #1 Household deposits2 #1 Business #1 Home lending3 #1 • Reimaging customer experiences by investing in technology & AI Consumer digital #1 Business deposits2 #1 Business digital #1 Business lendi
Slide 41: Overview & strategy
Overview & strategy
Slide 42: Market share and peer comparison
Retail MFI share1 Home lending share2 Household deposits share3 Business MFI share1 Nearest peer Deposit funding Peers as at March 20254 44.8% 40.1% 78% 73% 68% 65% 15.3% 13.2% 33.4% 18-24 25-34 CBA Peer 3 Peer 2 Peer 1 years years 24.6% 26.4% 27.3% 20.0% 20.7% 19.3% 18.4% 16.8% 16.1% 14.0% 11.8% 13
Slide 43: How our income is distributed
Customers & domestic debt investors2 Our people >26% $22.2bn 41% $6.6bn $36.1m leading retail bank interest paid to paid in salaries and invested in share of market3 Australian savers superannuation to upskilling our Australian employees people 11% Government4 How our Partners and suppliers income i
Slide 44: Our strategy and how we deliver on purpose
Build Australia’s Reimagine customer Lead in Deliver simpler, Our strategy future economy experiences technology and AI safer and better How we deliver on our Grow the economy and Help customers achieve Empower our customers and Be safe, strong, and there purpose standards of living their life goals
Slide 45: CBA Retail MFI share
CBA Retail MFI share1 Retail MFI share1 Jun 25 Jun 24 1 in 3 Australians Jun 25 44.8% #1 42.3% 40.1% 34.3% 33.4% 27.3% 24.5% 16.8% 14.0% 11.8% Customer lifecycle CBA Peer 3 Peer 1 Peer 2 Aged 14-17 Aged 18-24 Aged 25-34 Aged 35-49 Aged 50-64 Aged 65+ 1. Refer to glossary at the back of this presenta
Slide 46: Australia's most popular banking app
CommBank app CommBank Yello Everyday Investing Travel Booking Car buying Australia’s most popular banking app1 Customer rewards & An easy & accessible way to start Explore & book via the app Find, finance & manage your car6 Simpler, better, easier to use recognition3, scaled to over 360k investing w
Slide 47: Evolution of CommBank digital banking
NetBank Core banking Customer CommBank Partnering with CommBank Yello Full functionality Real-time banking Engagement Engine app 4.0 industry leaders CommBank Yello relaunched, 24-hour online and settlement Learns from customer Simple, smart Providing more value expanded benefits and improved bankin
Slide 48: Australia's most popular banking app
Australia’s most popular banking app1 >9 million active app users5 Bank of the Year >12.7 million Integrated shopping Digital Banking daily logins to the 16 years in a row2 QR Cardless experiences CommBank app6 • Cardless ATM transactions • Search, book and pay for travel • More secure and convenien
Slide 49: The evolution of AI at CBA
The evolution of AI at CBA 2015–2020 2021–2022 2023 2024 2025 2026+ • CEE launched • CommBank.ai established • Established Gen.ai Studio • GenAI powered • Accelerated investment to • Grow AI capability across to bring 100+ LLMs into a messaging service enhance GenAI capability Australia through inve
Slide 50: Simple & seamless applications
CommBank app Simple & seamless applications – easier, more intuitive • Application – simple, intuitive digital applications with fast initial approval – includes first home buyer schemes • Documentation – digital documents available in CommBank app once conditionally approved – for easy access • Sta
Slide 51: Bill Sense and Benefits finder
Bill Sense Benefits finder • Expanded and easier access to hardship support Bill Sense Benefits finder • Proactively identifying and supporting customers sooner • Supporting home loan customers in hardship with tailored solutions • Flexible payment plans, payment deferrals and interest only • Intere
Slide 52: Financial overview
Financial overview
Slide 53: Financial and balance sheet, capital & funding summary
Financial Balance sheet, capital & funding Statutory NPAT ($m) 10,133 +6.9% Capital – CET12,5 (Int’l) 18.7% (40bpts) Cash NPAT ($m) 10,252 +4.2% Capital – CET12 (APRA) 12.3% Flat ROE (cash) 13.5% (10bpts) Total assets ($bn) +8.0% 1,354 EPS cents (cash) 613 +25c Total liabilities ($bn) 1,275 +8.0% 2
Slide 54: Cash NPAT, NIM, cost to income, ROE
Cash NPAT1 ($m) NIM1 Cost to income1 Cash ROE1 +4% +9bpts +70bpts (10bpts) 9,836 10,252 1.99% 2.08% 45.0% 45.7% 13.6% 13.5% FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 Cash EPS1 (cents) DPS (cents) CET1 (APRA) CET1 (International)2 +25c +20c Flat (40bpts) 613 485 19.1% 588 465 12.3% 12.3% 18.7% FY24 FY2
Slide 55: Division results: RBS, BB, IB&M, NZ
RBS BB IB&M NZ (NZD)2 vs FY24 vs FY24 vs FY24 vs FY24 • Income +3% • Income +6% • Income +11% • Income +4% • Expenses +4% • Expenses +7% • Expenses +7% • Expenses +10% • Impairment expense ($45m) • Impairment expense ($84m) • Impairment expense +$52m • Impairment expense ($10m) +2% +8% +9% Flat 5,26
Slide 56: Group lending and deposits
Group lending Jun 25 vs Jun 25 vs $bn Jun 24 Dec 24 Jun 25 Dec 24 Jun 24 +6.9% Home loans 664.7 685.3 707.9 3.3% 6.5% +3.9% 1.3% 1.9% Consumer finance 16.8 16.9 17.1 1,013.3 Business loans2 177.9 185.3 195.8 5.7% 10.1% 947.5 974.8 Institutional loans 88.2 87.4 92.5 5.9% 4.9% Total Group lending 947.
Slide 57: Lending and deposit growth by month
Home lending1,2 Business lending1,2,3 Household deposits1,4 Business deposits1,5 CBA CBA (excl. IB&M) CBA CBA System CBA (incl. IB&M) System System System (incl. Institutional lending) 9.4% 10.2% 12.2%8.6% 9.1% 6.1% 5.8% 5.3% 2.8% 3.0% 5.6% 6.2% 3.6% 2.3% 3.8% 3.8% 2.0% 2.5% 6 months 12 months 6 mon
Slide 58: Market share
% Jun 24 Dec 24 Jun 25 Home lending2,9 Household deposits3,9 Home loans – RBA2 24.5 24.6 24.6 CBA Peers CBA Peers Break in series 40% Break in series Home loans – APRA 3 25.2 25.4 25.3 40% Break in series from Jun 21 Break in series from Mar 19 from Jun 21 from Jul 19 30% 30% 26% Credit cards – APRA
Slide 59: Net interest margin: broadly stable underlying margin
Minimal impact on earnings Broadly stable underlying margin 2 (8) 9 1 5 - - 206 208 199 Treasury earnings $27bn decrease in average liquid assets Deposit competition (7) Replicating portfolio 5 Basis risk (1) Higher earnings on capital 4 bpts FY24 Liquids Institutional Rebased Asset Funding Portfoli
Slide 60: Replicated portfolio, liquidity and basis risk
Replicated portfolio (RP) & equity hedge1 Liquidity & basis risk • In FY25, RP and equity hedge earnings benefitted from higher average rates Liquidity • Returns from the replicating portfolio and equity hedge are sensitive to 3 year and • Every additional $10bn of liquid assets is expected to redu
Slide 61: Retail and business deposits
Retail deposits1,2 Business deposits1,2,3 $bn 466 $bn 416 433 326 321 339 11% 14% 11% 16% 330 18% 16% 16% NIB 17% 17% 10% 197 Offsets 15% 48% NIB 11% 57% 55% 53% At-call 39% 45% 47% At-call 62% Term deposits 36% 24% 25% 23% Term deposits 27% 29% 31% 27% Dec 19 Jun 23 Jun 24 Jun 25 Dec 19 Jun 23 Jun
Slide 62: Net interest margin by division
RBS BB IB&M (ex Markets)1 NZ (ASB)2 Higher earnings on replicating portfolio Unfavourable portfolio mix, lower Higher earnings on equity and Lower Treasury & other earnings and and equity, and favourable portfolio mix, lending margins reflecting increased favourable portfolio mix following the lower
Slide 63: Other operating income and trading income
Other operating income Trading income FY25 vs FY24 • Lower rental income from Structured Asset 4,350 4,442 Finance portfolio, partly offset by FY25 vs FY24 • Impacts from minority investments 1,199 Other2 236 232 • Increased funds management income from 1,177 11 • Favourable XVA New Zealand Trading
Slide 64: 2H25 net interest income
• Underlying margin2 +1bpt • Lending volume growth3 +3.7% • Higher Markets trading income (partly offset in NII); partly offset by • 3 fewer days ($195m) • Lower Merchants income from higher net scheme fees +1.9% 155 116 14,368 14,097 Avg. Volume Growth Home loans 2% 4 Business loans 5% 3 Insto. loa
Slide 65: 2H25 operating expenses
Underlying cost to income 45.2% 45.2% Contribution to mvt: +2.5% +1.1% (0.2%) (1.5%) +1.9% 163 70 (15) (96) 6,494 6,372 Cumulative cost savings realised (last 7 years): • 2H25: $1,082m • 1H25: $986m • Investment in infrastructure modernisation and AI capabilities • Higher software licensing and clou
Slide 66: Cost reduction and investment spend
Cost reduction Investment spend Increase in infrastructure spend – accelerated technology refresh Cumulative savings1 Examples Capitalised software ($bn) Additional investment spend to 1.9 1.9 2.1 2.6 1.8 1.7 • AI-powered messaging solutions accelerate refresh of technology 1.3 1.4 1.4 streamlining
Slide 67: Investment spend
Investment spend $bn Focus of increased FY25 investment Delivered in FY25 2.3 Accelerate refresh of tech infrastructure: • 35% more tech changes deployed1 ~$300m increased • Faster delivery of change investment • 30% reduction in critical incidents with recovery time from critical • Improved securit
Slide 68: Loan loss rate
Loan loss rate1 Loan loss rate by business unit1,2 bpts bpts 7 8 16 13 Consumer Corporate 3 6 FY24 FY25 1H25 2H25 41 18 33 25 14 76 21 20 19 50 9 16 16 7 43 15 15 16 7 12 9 6 5 6 6 5 24 23 13 20 7 11 8 10 14 15 26 17 19 17 18 18 18 18 18 17 26 16 4 11 16 14 - 4 (7) 6 5 (4) RBS BB IB&M ASB Group FY10
Slide 69: Provision coverage and provisions by stage
Provision coverage2/CRWA Provisions by stage % Total Credit Credit Stage 2 exposures provision 1.67 exposures4 provisions by credit grade3,4 coverage 1.60 $m Jun 24 Jun 25 Jun 24 Jun 25 1.43 1.23 Stage 1 946,258 1,023,199 1,795 1,824 $192bn $196bn 9 Collectively 8 Weak assessed Stage 25 191,729 196,
Slide 70: Division financials: RBS, BB, IB&M, ASB
RBS BB IB&M ASB (NZD) Cost to income Cost to income Cost to income Cost to income 38.5% 39.1% 42.5% 40.9% 39.6% 42.4% 31.6% 31.9% FY24 FY25 FY24 FY25 FY24 FY25 FY24 FY25 13,139 53% of 40% of 12% of 12% of Group Group 2,805 Group Group NPAT NPAT NPAT NPAT3 3,359 9,104 5,136 5,395 1,147 1,224 4,092 49
Slide 71: Home & consumer lending
Home & consumer lending
Slide 72: Fundings weighted towards proprietary distribution
Consistent market share performance1 Fundings weighted towards proprietary distribution 25% 25% Fundings mix2 Fundings mix2 Fundings mix3 Broker 22% 1% 1% 1% originated home Fixed loans 21% 20% 20% Broker ~20-30% less IHL 40% 42% 41% 35% 34% 33% profitable than proprietary4 14% 14% Variable 99% 99%
Slide 73: Home loan portfolio: CBA Group
Portfolio1 Jun 24 Dec 24 Jun 25 New business1 Jun 24 Dec 24 Jun 25 Total balances – spot ($bn) 596 616 634 Total funding ($bn)8 69 87 85 9 Total balances – average ($bn) 587 605 623 Average funding size ($’000) 457 490 490 10 Total accounts (m) 1.9 1.9 1.9 Serviceability buffer (%) 3.0 3.0 3.0 Varia
Slide 74: Home loan portfolio: CBA excl. Bankwest
Portfolio1 Jun 24 Dec 24 Jun 25 New business1 Jun 24 Dec 24 Jun 25 Total balances – spot ($bn) 500 511 523 Total funding ($bn)7 55 68 67 Average funding size ($’000)8 451 487 491 Total balances – average ($bn) 494 505 515 Serviceability buffer (%)9 3.0 3.0 3.0 Total accounts (m) 1.6 1.6 1.6 Variable
Slide 75: Key serviceability changes by year
Key serviceability changes by year2 New loan assessment (from FY16)3 • Increased serviceability buffer and buffers on existing debts • Removed Low doc and EQFS products • All income used in application to assess serviceability is verified FY16-19 • Tightened lending requirements for non-residents an
Slide 76: Borrowing capacity and income bands
Borrowing capacity3 Application gross income band7 % of applicants with Change in maximum borrowing capacity3 – indexed Dec 16 additional capacity to borrow4 6 months to Jun 25 – Funding $ Owner occupied (OO) Investor home loans (IHL) 91% 89% 89% 90% 60% 120% Jun 22 Jun 23 Jun 24 Jun 25 50% 100% 40%
Slide 77: Payments in advance, offset balances, arrears, LVR
Average payments in advance2,3 Offset and redraw balances # of payments $bn % customers 148 149 in advance2 78% 80% 81% 85% 134 89 63 64 33 59 31 32 29 Redraw4 44 75 85 85 Offset 45 Jun 19 Jun 24 Dec 24 Jun 25 Jun 19 Jun 24 Dec 24 Jun 25 Home loan arrears5 Dynamic LVR7 30+ days, 90+ days 30+ days Po
Slide 78: Repayment buffers
Repayment buffers Repayment buffers Payments in advance1, % of accounts Payments on time1, % of accounts Residual Jun 24 Structural: e.g. fixed rate loans Dec 24 New accounts: <1 year on book Jun 25 Investment loans: negative gearing/tax benefits 35% 33% 34% 20% 19% 6% 6% 14% 19% 20% 19% 3% 2% 16% 5
Slide 79: Dynamic LVR bands and negative equity
Dynamic LVR bands2 Average dynamic LVR3 Jun 24 Negative equity4 Dec 24 % of total portfolio balances Jun 25 Proportion of balances in negative equity Jun 24 43% • 72% of customers ahead of repayments 70% Dec 24 42% • 12% of home loans in negative equity have Lenders Mortgage Insurance 60% 85% Jun 25
Slide 80: Non-performing home loans
Australian non-performing home loans2 Australian non-performing, not well-secured home loans2,3 Increase in non-performing home loans driven by 90+ arrears and well-secured restructures. % by state NSW Non-performing, not well-secured home loans increased modestly, mainly in Victoria. VIC QLD Non-pe
Slide 81: Home loan arrears 30+ days
Portfolio Product Repayment and interest type 30+ days Group 30+ days1 Owner occupied 30+ days1 Principal & interest Variable BWA Investment Interest only Portfolio ASB Fixed 2.5% 1.5% 1.5% CBA 2.0% 1.0% 1.0% 1.5% 1.0% 0.5% 0.5% 0.5% 0.0% 0.0% 0.0% Jun 19 Jun 20 Jun 21 Jun 22 Jun 23 Jun 24 Jun 25 Ju
Slide 82: Home loan arrears 90+ days
Portfolio Product Repayment and interest type 90+ days Group 90+ days1 Owner occupied 90+ days1 Principal & interest Variable BWA Investment Interest only Portfolio 1.0% ASB Fixed CBA 0.8% 1.0% 0.8% 0.6% 0.8% 0.6% 0.6% 0.4% 0.4% 0.4% 0.2% 0.2% 0.2% 0.0% 0.0% 0.0% Jun 19 Jun 20 Jun 21 Jun 22 Jun 23 J
Slide 83: Credit cards and personal loans
Credit cards Portfolio Group Portfolio By year Group 2020 Group 30+ days BWA Group 90+ days Group 90+ days 2021 BWA ASB 2022 6.0% 2.0% ASB 1.5% CBA 2023 5.0% CBA 2024 1.5% 4.0% 1.0% 2025 3.0% 1.0% 2.0% 0.5% 0.5% 1.0% 0.0% 0.0% 0.0% Jun 19 Jun 20 Jun 21 Jun 22 Jun 23 Jun 24 Jun 25 Jun 19 Jun 20 Jun 2
Slide 84: Business & corporate lending
Business & corporate lending
Slide 85: Exposures by industry and corporate portfolio quality
Exposures by industry1,2 Corporate portfolio quality Total Group TCE by geography AAA A+ BBB+ Investment grade to to to TCE $bn AA- A- BBB- Other Jun 25 Jun 24 Dec 24 Jun 25 Gov. Admin & Defence 168.1 16.8 0.5 - 185.4 Australia 81.5% 81.8% 81.5% Finance & Insurance 60.2 44.4 7.5 3.5 115.6 New Zealan
Slide 86: TCE by industry
TCE ($bn) TNPE ($bn) TNPE % of TCE Provisions % of TCE Jun 24 Dec 24 Jun 25 Jun 24 Dec 24 Jun 25 Jun 24 Dec 24 Jun 25 Jun 24 Dec 24 Jun 25 Government Administration & Defence 174.5 175.6 185.4 0.0 0.0 0.0 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Finance & Insurance 98.9 111.2 115.6 0.1 0.0 0.0 0.1% 0.0% 0.0% 0
Slide 87: Commercial property exposure
• Commercial property market conditions overall have continued to improve Group exposure Jun 24 generating sales activity at both individual asset and portfolio levels. Dec 24 105.4 Jun 25 • Over the half, exposure grew 7%. Growth was diversified across counterparties and 94.9 98.4 sectors. Modest i
Slide 88: Agriculture exposure
• The Agricultural sector remains resilient, supported by strong commodity Group exposure Jun 24 prices and farm values. Though crop production will likely be down after a Dec 24 Jun 25 strong FY24, it remains above long run averages. 32.5 33.6 35.0 • Seasonal conditions are mixed. Drought persists
Slide 89: Entertainment, leisure and tourism exposure
• CommBank Household Spending Index shows resilience in the sector Group exposure Jun 24 despite cost-of-living challenges. Dec 24 Jun 25 20.1 20.7 • Hospitality spending increased 6.5% over the year, with increased spending 18.2 on restaurants, pubs, taverns and bars. • Tourism benefited from a rec
Slide 90: Wholesale trade exposure
• Wholesale trade continues to manage risks of supply chain disruption, rising Group exposure Jun 24 input costs and a challenging retail environment. Dec 24 Jun 25 • Operators balancing need for stock availability with risks of obsolete stock 30.1 30.4 27.8 and over ordering. • Supply chain issues
Slide 91: Retail trade exposure
• The Australian consumer has displayed caution in retail spend decisions, Group exposure Jun 24 prioritising savings and debt repayments given uncertain global conditions. Dec 24 Jun 25 • Consumers have prioritised retail spend on energy, rent and food, resulting 23.0 21.5 24.7 in reduced spend on
Slide 92: Construction exposure
• The construction industry is stabilising after a challenging period marked by Group exposure Jun 24 high costs, labour shortages and insolvencies, particularly among smaller Dec 24 Jun 25 firms. 14.4 15.3 14.2 • A degree of optimism is returning to the sector, with investments in housing, 13.1 13.
Slide 93: Funding, liquidity & capital
Funding, liquidity & capital
Slide 94: Funding composition, liquidity and funding profile
Funding composition Wholesale funding2 Funding profile % of total funding Long-term as % of total wholesale funding $bn FY25 Maturity4 66% 68% 69% Issuance Short-term 8% 8% 7% 42 wholesale1 24% 14% 15% 15% 38 Long-term 19% 43% 30 30 30 wholesale2 5.2 5.1 5.1 23 WAM3 WAM3 19 78% 77% 78% 3.5 WAM3 Depo
Slide 95: Customer deposits vs peers and by segment
Customer deposits vs peers1 Customer deposits by segment4 $bn $bn 874 909 % of total funding 70% 78% 65% 73% 68% 852 ASB & Other 100 106 12% 98 6 yr 909 158 17% 758 IB&M 154 149 CAGR 193 697 581 1% 638 218 227 25% 103 262 164 BB 216 21% 173 Other deposits 178 100 76 Operational deposits1 9% 92 33 61
Slide 96: Stable deposits
Stable deposits Stable and less stable deposits Retail & SME deposits in NSFR1, $bn Retail & SME deposits in NSFR1, $bn CBA 350 350 Peer 3 CBA Peer 1 300 300 Peer 2 250 250 200 200 Peers 150 150 100 100 50 50 0 0 Jun 19 Jun 25 Stable deposits Less stable deposits 1. CBA as at 30 June 2025. Peer data
Slide 97: Balance sheet composition vs Europe and US banks
Europe2 US3 CBA Assets – CBA has a stable, high quality asset profile: • High proportion of well-secured home lending assets Assets Liab + Equity Assets Liab + Equity Assets Liab + Equity 4% • Very low proportion of higher risk unsecured consumer 11% finance/personal lending 17% 20% 18% 21% 15% • HQ
Slide 98: Portfolio mix and funding by product
Portfolio mix Short-term funding by product1,4 Jun 25 31% 69% Short-term funding 1 Certificates of deposits 52% 2 Long-term funding Dec 24 32% 68% Term Funding Facility (TFF) Commercial paper 33% Jun 24 34% 66% MTN 15% Dec 23 26% 61% 13% Long-term funding by currency Long-term funding by product4 Se
Slide 99: NSFR and LCR
NSFR NSFR (%) NSFR requirements specify banks must maintain a sufficient profile of Jun 25 stable funding to meet their assets and off-balance sheet activities 1.5 (2.4) 1.7 (1.8) 115% 0.7 (0.7) 939 116 814 115 Residential Retail/SME mortgages2 deposits Other loans Wholesale funding $bn & other Liqu
Slide 100: CET1 and dividend per share vs peers
CET1 CET1 Dividend per share (cents) APRA International CET1 Payout Ratio (cash NPAT basis)1 Level 2 Level 1 +577% 450 465 485 130% 385 120% Assets 298 350 110% 18.7% 79% 79% 100% +208% 71% 75% 90% 12.3% 12.4% 71% 68% 80% 70% 60% 50% Jun 25 Jun 25 Jun 25 2007 2007 2013 2019 2025 2025 FY20 FY21 FY22
Slide 101: CET1 international adjustments
CET1 International adjustments1 Level 2 Definition of Risk weighting equity investments, deferred tax assets, capitalised expenses which are fully deducted from CET1 1.5% capital under APRA rules 18.7% IRRBB 1.4% Removal of IRRBB RWA from APRA’s minimum Pillar 1 capital requirements International RW
Slide 102: CET1 capital ratio movements
Key capital ratios (%) Jun 24 Dec 24 Jun 25 • Level 2 CET1 capital ratio of 12.3% • 1H25 interim dividend – DRP neutralised CET1 capital ratio 12.3 12.2 12.3 • Strong capital position supporting franchise growth and dividends Additional Tier 1 capital 2.0 1.9 1.6 CET1 capital ratio movements1 Tier 1
Slide 103: CET1, RWA and IRRBB
CET1 (Level 2) Total Risk Weighted Assets (RWA) bpts $bn (78) 103 (31) 20 (5) 13.8 1.8 (1.8) 496 482 8 10 12.2% 12.3% Market Risk 40 42 Capitalised software IRRBB Credit Risk4 (32) (6) 48 IRRBB 5 Other 1 48 Op Risk Market Risk (4) Operational Risk - Sale of HZB 17 399 Sale of VIB 3 Credit Risk 385 D
Slide 104: IRRBB as a % of Total RWA
IRRBB as a % of Total RWA Expected (Current APS 117 framework) Components Key changes under revised APS 117 impact2 8% Optionality and • Removed with underlying risk capitalised as part of interest 9% basis risk rate and credit spread risk 7% APRA’s expectation of IRRBB under the revised APS 117 fra
Slide 105: Long-term approach to key settings
Long-term approach to key settings Funding Structural hedges Investment Franking Capital management MFI led deposit growth Net interest earnings supported Ongoing investment in Maintain healthy franking Tightly manage share count; and conservative + by reinvestment of ~$3.5bn each + strategic priori
Slide 106: Capital management benchmarking
Capital management benchmarking Strength Franchise growth Franchise investment Shareholder returns Strong capital position supporting franchise Reinvest in accretive growth Investment in strategic priorities supporting Delivering superior and sustainable growth and dividends core franchise growth sh
Slide 107: Capital floor requirements
RWA headroom / (shortfall) to capital floor $bn • Capital floor requirements were introduced under APRA’s revised prudential standards effective 1 Jan 2023 to limit the 20 RWA benefit of internal models. 11 Headroom • Total RWA of advanced banks, which include the Australian major banks, are require
Slide 108: APRA requirements effective 1 Jan 2026
APRA Requirements • APRA released a consultation package on 8 Jul 2025 outlining proposed amendments to prudential and reporting standards to implement and manage the impacts of removing Additional Tier 1 Capital (AT1) from the prudential framework Total Capital Changes • For advanced banks, the exi
Slide 109: Total Capital ratio of 20.9% as at 30 Jun 25
• Total Capital ratio of 20.9% as at 30 Jun 25, $13.2bn above 1 Jan 26 requirement of 18.25%. • With 7.0% of Tier 2 as at 30 Jun 25, CBA is well positioned to meet the upcoming increases to the LAC requirement. • Strong Tier 2 credit rating – A-/A2/A- per S&P / Moody’s / Fitch at 30 Jun 25. 1 Jan 20
Slide 110: Number of shares, dividend and NTA per share
Number of shares (m)1 Dividend per share ($) CBA Peers CBA Peers Capital raisings for 3,422 4.85 strengthening 3,063 2,971 during GFC 1.69 1,776 1.30 1.66 1,516 1,673 1.23 1.51 1,506 0.64 1,260 Increase due to acquisitions 0.54 FY00 Jun 252 FY003 FY253 Net tangible assets per share ($)4 Total shareh
Slide 111: CBA capital management activities
• $300 million of the current $1 billion on-market share buy-back CBA capital management activities completed to date FY22 to FY25 • Buy-back period extended by 12 months to allow for flexibility in Cost of capital Dividend impact3 execution, subject to market conditions and other considerations inc
Slide 112: Divestments and buy-backs
Divestments CET1 Associated Completed buy-back Bank of Hangzhou (HZB)1 Jun 25 Commonwealth Private Advice Jun 25 ~$13bn Vietnam International Commercial Joint Mar 25 Stock Bank (VIB)2 PT Bank Commonwealth May 24 General Insurance Sep 22 $10bn Bank of Hangzhou (HZB)1,3 Jun 22 Completed: On-market $3b
Slide 113: CET1 (Level 1)
CET1 (Level 1)1 RWA of L2 banking subsidiaries +160bpts bpts Higher reserves and retained earnings at L2 (110bpts) Elim. of investments in reg. subsidiaries at L2 (60bpts) Goodwill & intangibles +20bpts L1 vs L2: +10bpts (83) 111 (30) 22 3 12.4% 10.25% 12.1% 12.3% 1.00% CCyB4 1.00% D-SIB Capital 3.7
Slide 114: Regulatory change implementation details
Change Implementation Details • Targeted revisions to ensure ADIs have strong crisis preparedness, prudently value their liquid assets and minimise potential contagion ADI Liquidity and APS 210 and APS 111 risks. Capital Standards (1 Jul 2025) • These revisions are not expected to result in any mate
Slide 115: Regulatory expected loss
Jun 24 Dec 24 Jun 25 $m Defaulted Non-defaulted Defaulted Non-defaulted Defaulted Non-defaulted Regulatory expected loss (EL) 1,708 2,515 1,640 2,626 1,618 2,666 Eligible provisions (EP) Collective and specific provisions2 1,814 4,589 1,794 4,738 1,835 4,860 Less: ineligible provisions (standardised
Slide 116: Economic overview
Economic overview
Slide 117: GDP, CPI, unemployment, cash rate, credit growth
GDP % Headline CPI % Unemployment rate % Financial year average Year on year, June quarter June quarter average GDP Nominal GDP 6.1 6.0 4.3 4.1 4.2 4.2 11.9 10.0 3.8 3.8 3.4 2.8 3.6 2.2 4.6 2.1 1.4 1.3 4.2 3.8 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024
Slide 118: RBA rate cutting cycle in full swing
RBA rate cutting cycle in full swing1 As inflation back within target1 Annual economic growth lifting after weak 20242 RBA cash rate Annual growth in inflation Quarterly growth in GDP % % % 5 9 Trimmed Mean CPI 15 4 7 10 3 5 Headline CPI 5 Cash rate 2 3 0 1 1 -5 0 -1 -10 Jun 13 Jun 17 Jun 21 Jun 25
Slide 119: Real per capita consumption weak
Real per capita consumption weak1 Due to scarring from real household disposable Housing debt servicing costs at highs2 Real household consumption quarterly growth per capita income loss1 Share of household disposable income Real household disposable income index and trend % % Index 0.4 Australia 11
Slide 120: Wages growth moderating
Wages growth moderating1 Labour market1 Non-market employment slowing2 Wage Price Index (annual change) Employment change and unemployment rate Annual employment growth by market and non-market sector3 % % 000 % 4 7.0 10 Non-market employment Annual wages growth 350 Thousands 6.0 Unemployment rate (
Slide 121: Global trade uncertainty index
Global trade uncertainty index1 Estimated tariff impact on key economies2 Australia’s national income at risk if commodity Index GDP impact in 2025 from tariff measures prices fall3 Terms of trade index % % Index 20 0.0 120 15 -0.5 100 10 -1.0 80 5 -1.5 60 0 -2.0 40 Jun 10 Jun 15 Jun 20 Jun 25 Aust.
Slide 122: National home price growth rising again
National home price growth rising again1 Moderation in construction costs and rents1 New lending just off its recent highs2 Dwelling prices (8 capital cities) Annual growth in advertised rents and CPI dwelling costs Housing loan approvals (excluding refinancing) % % % $bn 6 20 22 Owner-occupier New
Slide 123: New Zealand GDP, CPI, unemployment
GDP % CPI % Unemployment rate % June year average Year on year, June quarter June quarter average GDP Nominal GDP 5.2 5.1 7.3 4.7 9.8 6.0 3.3 3.7 6.5 3.3 4.0 4.8 3.9 2.7 2.4 1.8 3.5 0.7 0.6 (0.8) 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 Cash
Slide 124: Sources, glossary & notes
Sources, glossary & notes
Slide 125: Notes: Slide 12
Slide 12 1. Refer to glossary at the back of this presentation for further details. 2. Total retail transaction accounts, excluding offset accounts. Includes Bankwest. 3. Source: APRA Monthly Authorised Deposit-taking Institution Statistics (MADIS). 4. Source: RBA Lending and Credit Aggregates. 5. E
Slide 126: Notes: Slide 18
Slide 18 1. Refer to glossary at the back of this presentation for further details. 2. Home lending source: RBA Lending and Credit Aggregates, and Household deposits source: APRA Monthly Authorised Deposit-taking Institution Statistics (MADIS). 3. Source: APRA Monthly Authorised Deposit-taking Insti
Slide 127: Notes: Slide 24
Slide 24 1. Refer to glossary at the back of this presentation for further details. 2. Represents the five year average of operating performance from FY20 to FY24. 3. Deposits and long-term wholesale funding as a percentage of total funding (excluding equity). 4. Represents FY25 average balance of d
Slide 128: Notes: Slide 44
Slide 44 1. 1 July 2024 to 30 June 2025. 2. CBA Business lending multiple is based on Business Banking growth rate (excluding Institutional Banking and Markets) over published APRA and RBA Total Business Lending data (excluding estimated institutional lending balances). Represents growth for the pe
Slide 129: Notes: Slide 49
Slide 49 1. Data source: Customer Engagement Engine Reporting. 2. Evident AI Index 2023 published by Evident Insights Index, October 2023. 3. Evident AI Index 2024 published by Evident Insights Index, October 2024. Slide 57 1. Percentage growth calculations are based on actual numbers on a non-annua
Slide 130: Notes: Slide 85
Slide 85 1. CBA grades in S&P equivalents. 2. Due to rounding, the numbers presented may not sum precisely to the totals provided. 3. Non-performing exposures are exposures in default as defined in regulatory standard APS220 Credit Risk Management. Corporate troublesome exposures are defined as expo
Slide 131: Glossary
Term Description Term Description Cash Profit The Profit Announcement (PA) discloses the net profit after tax on both a statutory and cash basis. The statutory basis is prepared NPS – RFI Global Atlas Consumer MFI NPS. Based on Australian population aged 14+ years old rating their likelihood to reco
Slide 132: Annual Report and Investor Discussion Pack references
Annual Report Corporate Governance Profit Announcement Pillar 3 Report Statement Investor Discussion Pack Sustainability Performance Metrics UN PRB, GRI and SASB reporting Modern Slavery and Human Trafficking Statement
Slide 133: Investor Relations and Media Relations
Investor Relations Media Relations Melanie Kirk Danny John Investor Relations Media Relations +61 2 9118 7113 +61 2 9595 3219 CBAInvestorRelations@cba.com.au Media@cba.com.au
Commonwealth Bank of Australia — FY2025 Earnings Presentation on 6ix