National Australia Bank's Cash Earnings Drop to AU$1.74 Billion in Fiscal Q1

MT Newswires Live

2025/02/19

National Australia Bank (ASX:NAB) reported Wednesday unaudited cash earnings of AU$1.74 billion for the first quarter of fiscal 2025, down from AU$1.80 billion for the year-earlier period.

Cash earnings were down 2% compared with the quarterly average in the second half of fiscal 2024, reflecting underlying profit growth of 4% offset by higher credit impairment charges and income tax expense, per the filing.

Unaudited statutory profit was AU$1.7 billion for the three months to Dec. 31, 2024, unchanged from the year-earlier period.

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