Melbourne, May 8, 2025 – ANZ Bank has announced a record-breaking interim result, delivering its highest revenue for any half in the lender’s history, as Chief Executive Officer Shayne Elliott prepares to hand over leadership to incoming CEO Nuno Matos. Elliott described the result as a “really strong first half” and a “great way to finish” his nine-and-a-half-year tenure.
“(This) is a really strong first half. Obviously for me, as my last result as CEO, I think it’s a great way to finish. This is not just record first half revenue but actually record revenue for any half in our history – which is really pleasing to see,” Elliott said in a video interview with bluenotes.
ANZ reported total revenue of A$10,995 million for the six months to March 31, up 5% from the previous half and marking the highest first half on record. The bank’s audited Statutory Profit after tax reached $3,642 million, a 16% increase, while Cash Profit rose 12% to $3,568 million. The proposed Interim Dividend is 83 cents per share, partially franked at 70%.
Elliott highlighted the bank’s dual platform strategy—ANZ Plus for consumers and Transactive Global for corporate clients—as a key driver of growth and stability. “We need to make sure that we have the very, very best technology in the hands of our customers (and ensure) that it is lower cost to operate,” he said. “That really gives the tools to help people live their lives better, improve their financial wellbeing, or run their businesses better.”
ANZ Plus surpassed one million customers, with deposits exceeding $21 billion. Elliott noted, “What’s pleasing is, we’ve just crossed through $21 billion in deposits that people are bringing real money there, and about 40 per cent of them are engaging with our financial wellbeing offerings.” Transactive Global, operational since 2020, is also gaining traction, with Elliott stating it is “going from strength to strength” across the region.
The result positions ANZ strongly for Matos, who assumes the CEO role on Monday. “On Monday we welcome our new Chief Executive Nuno Matos, who joins us here literally in a few days. He will be the next custodian of the bank and it will be my great pleasure to hand over the keys to him,” Elliott said. “It’s a big change for ANZ.”
Elliott emphasized the result equips Matos to navigate geopolitical challenges, including tariffs and trade disruptions, noting, “(This) is a really strong first half… This is not just record first half revenue but actually record revenue for any half in our history – which is really pleasing to see.”
The bank also addressed a court-enforceable undertaking with the Australian Prudential Regulation Authority (APRA) regarding non-financial risk management and risk culture. “We’ve got a lot of work to do there on non-financial risk management. I’m very confident that we have the right team and the right pathway to get there,” Elliott said.
Reflecting on his tenure, Elliott expressed gratitude: “It’s been a great honor. I did not get everything right. But I’m confident that the bank I leave and the bank that I hand over to Nuno on Monday is a simpler bank than when I started, it’s a stronger bank than when I started, and I fundamentally believe it’s a better bank now.”
He added, “What I’ve loved the most has been the people, you would expect me to say that – but it’s true. I really loved all the support I’ve got from my colleagues and all the customers I’ve got to meet. Every time I meet a customer […], I learn something. And I hope that I’ll have the opportunity to continue to learn, in the future.”
Elliott concluded with well-wishes for ANZ’s future: “I wish everybody at ANZ, including Nuno, the very, very best for what I know will be a thriving great, future for ANZ and all of its customers.”
