By Digifin Pty Ltd · About this coverage
Key Points
- Cash earnings of $6,141m, down 13.4%, with $7,090m excluding large notable items, flat on FY25
- Final dividend of 85 cps, 100% franked, taking the FY26 total to 170 cps
- Credit impairment charge of $1,547m against $833m in FY25
- Group CET1 ratio of 11.87%, or 12.07% pro forma for the dividend reinvestment plan discount
- FY27 underlying cost growth expected to be less than 3%
About NAB (ASX:NAB)
National Australia Bank Limited is an ASX-listed bank headquartered in Melbourne. It provides business and corporate banking, personal banking, home lending, deposits, credit cards and markets and treasury services, and operates the digital bank ubank. Its operations are concentrated in Australia and New Zealand, where it owns Bank of New Zealand.
NAB (ASX:NAB) released its FY26 results to report cash earnings of $6,141m, down 13.4% on FY25, and to declare an 85 cps final dividend, 100% franked, taking total dividends for the year to 170 cps. Cash earnings excluding large notable items (LNIs) were $7,090m, flat on FY25.
LNIs were $1,347 million before tax, all in operating expenses; excluding them, expenses rose 4.5%. Net operating income was $22,014m, up 5.8%, and net interest margin rose 6 basis points to 1.80%. Statutory net profit was $6,143m. The credit impairment charge was $1,547 million against $833 million in FY25, including a net increase of $403 million in forward-looking provisions. Group CET1 was 11.87% at 30 September 2026, and NAB expects 12.07% pro forma after a 1.5% discount on the final dividend reinvestment plan, which it expects to raise approximately $0.9 billion. Cash earnings excluding LNIs were $3,685m in Business and Private Banking (up 10.7%), $1,740m in Corporate and Institutional Banking (down 6.1%) and NZ$1,381m in New Zealand Banking (down 7.0%). For FY27, NAB plans similar investment spend and expects underlying cost growth of less than 3%.
Cash earnings is a non-IFRS measure that is not audited or reviewed. The FY27 cost outlook excludes higher restructuring charges announced in October 2026, which this summary does not quantify.
Source: National Australia Bank Limited (ASX:NAB), 5 November 2026. Summary content supplied by Digifin Pty Ltd.
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