FY26 Full-Year Results: NAB announced full-year cash earnings of $6.14bn, down 13.4% on FY25, heavily impacted by $949m in large notable items. Excluding these notable items, underlying cash earnings were essentially flat at $7.09bn. Net interest margin (NIM) proved resilient, rising 6 bps to 1.80%. Credit impairment charges stepped up 86% to $1.55bn, which included a $403m top-up to forward-looking economic provisions. The Board maintained the final dividend at 85 cents per share fully franked.
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