Westpac NZ posts resilient half-year result

Key financials (All comparisons are for the 6 months ended 31 March 2025 versus the same period last year) • Pre-provision profit of $763 million, up 11% (up 10% excluding Notable Items). • Net profit of $525 million, up 10% (up 9% excluding Notable Items). • Net operating income of $1,497 million, up 8% (up 8% excluding Notable Items). • Operating expenses of $734 million, up 6% (up 6% excluding Notable Items). • Net impairment charge of $33 million, compared with an impairment charge of $23 million in the previous period. • Net interest margin 2.26%, up 15 basis points excluding Notable Items. • Home lending up 3% to $69.5 billion, Business lending up 1% to $33.0 billion, Deposits up 3% to $80.9 billion.