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National Australia Bank Ltd · Financials

ASX: NAB · Financials · Diversified Banks

A$40.39
At close 24 Jul 2026

Income Statement, FY16–FY25

Revenue, costs and profitability, exactly as reported in each year's audited accounts. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Interest Income
Total Interest Income 27.6B 27.4B 28.5B 29.2B 23.1B 18.0B 22.4B 48.1B 58.3B 56.8B
Total Interest Expense (14.7B) (14.2B) (15.0B) (15.6B) (9.2B) (4.2B) (7.5B) (31.3B) (41.5B) (39.4B)
Net Interest Income 12.9B 13.2B 13.5B 13.6B 13.9B 13.8B 14.8B 16.8B 16.8B 17.4B
Credit Provisions
Provision for Loan Losses (813M) (824M) (791M) (927M) (2.8B) (202M) (124M) (816M) (741M) (833M)
Net Interest Income After Provisions 12.1B 12.4B 12.7B 12.6B 11.1B – 14.7B 16.0B 16.0B 16.6B
Non-Interest Income/Expense
Total Non-Interest Income 5.2B 4.8B 5.6B 4.4B 3.3B 2.9B 3.7B 3.8B 3.9B 3.5B
Total Non-Interest Expense (8.3B) (8.5B) (9.9B) (9.8B) (9.2B) (7.9B) (8.7B) (9.4B) (10.0B) (10.3B)
Income
Income Before Taxes 9.0B 8.7B 8.4B 7.2B 5.2B 9.1B 9.7B 10.5B 9.9B 9.7B
Income Tax (2.6B) (3.4B) (2.5B) (2.1B) (1.7B) (2.6B) (2.7B) (3.0B) (2.8B) (2.9B)
Net Income 352M 5.3B 5.6B 4.8B 2.6B 6.4B 6.9B 7.4B 7.0B 6.8B
Per Share Data
Basic EPS 0.088 1.947 2.013 1.686 0.821 1.93 2.141 2.364 2.246 2.21
Diluted EPS 0.155 1.891 1.94 1.644 0.805 1.852 2.056 2.287 2.227 2.199
Shares Outstanding (in millions)
Basic Shares 2.6B 2.7B 2.7B 2.8B 3.1B 3.3B 3.2B 3.1B 3.1B 3.1B
Diluted Shares 2.8B 2.9B 2.9B 3.0B 3.3B 3.5B 3.5B 3.4B 3.3B 3.1B

Balance Sheet, FY16–FY25

Assets, liabilities and shareholders' equity at each financial year end. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Cash & Liquid Assets
Cash & Liquid Assets 30.6B 43.8B 50.2B 55.5B 64.4B 50.8B 56.5B 24.7B 2.5B 2.6B
Receivables from Financial Institutions 45.2B 37.1B 30.6B 32.1B 47.3B 107.5B 141.9B 117.3B 110.4B 91.9B
Central Bank Deposits – – – – – – – – – –
Trading & Investment Securities
Trading Assets 46.0B 51.0B 78.2B 96.8B 64.9B 50.0B 40.6B 101.2B 133.6B 144.6B
Derivative Assets 49.9B 33.0B 3.8B 4.7B 34.7B 27.5B 61.0B 34.3B 28.8B 21.8B
Investment Securities (Amortised Cost) – – 42.1B 40.2B 40.4B 41.9B 42.1B 46.4B 42.0B –
Investment Securities (FVOCI) 40.7B 42.1B – – – – – – – 46.9B
Loans & Advances
Loans & Other Receivables 510.0B 540.1B 568.0B 587.7B 584.0B 621.2B 680.4B 702.7B 732.7B 776.1B
Allowance for Loan Losses – – – – – – – – – –
Other Assets
Premises & Equipment 1.4B 1.3B 1.2B 1.1B 2.4B 2.8B 3.0B 3.0B 2.9B 2.7B
Goodwill 5.3B 5.6B 5.8B 5.6B 3.8B 4.1B 4.7B 5.0B 5.2B 5.6B
Intangible Assets – – – – – – – – – –
Deferred Tax Assets 1.9B 2.0B 2.1B 2.7B 3.6B 3.0B 3.4B 3.5B 3.2B 3.1B
Other Assets 11.9B 9.4B 20.8B 11.1B 7.1B 7.9B 6.5B 8.4B 8.6B 6.9B
Total Assets 776.7B 788.3B 806.5B 847.1B 866.6B 926.0B 1,055.1B 1,059.1B 1,080.2B 1,109.1B
Deposits
Deposits & Public Borrowings 459.7B 500.6B 503.1B 522.1B 546.2B 605.0B 683.5B 682.1B 712.6B 736.2B
Due to Financial Institutions
Payables to Financial Institutions 43.9B 36.7B 38.2B 34.3B 46.8B 74.2B 74.7B 39.5B 12.3B 12.4B
Derivative Liabilities 3.4B 28.9B 2.5B 4.0B 32.3B 24.0B 57.5B 35.6B 32.6B 20.2B
Liabilities Held for Sale – – – – 221M – – – – –
Borrowings & Debt
Short-term Borrowings – – – – – – – – – –
Long-term Borrowings – – – – – – – – – –
Debt Issues 134.2B 131.1B 146.4B 149.7B 132.6B 116.0B 119.3B 144.2B 165.9B 183.3B
Loan Capital (Tier 2) – – – – – – – – – –
Other Liabilities
Provisions 1.4B 2.0B 2.2B 3.5B 3.8B 2.8B 2.1B 1.9B 1.8B 1.7B
Current Tax Liabilities 297M 230M 103M 468M 192M 271M 1.0B 1.0B 1.0B 871M
Other Liabilities 7.7B 8.0B 38.8B 9.8B 7.9B 9.1B 10.2B 16.2B 16.4B 15.5B
Total Liabilities 725.4B 737.0B 753.8B 791.5B 805.3B 863.2B 996.1B 997.6B 1,018.0B 1,045.4B
Net Assets 51.3B 51.3B 52.7B 55.6B 61.3B 62.8B 59.0B 61.5B 62.2B 63.6B
Shareholders' Equity
Common Stock 34.3B 34.6B 36.0B 38.7B 45.5B 43.2B 39.4B 38.5B 36.6B 36.1B
Additional Paid-in Capital – – – – – – – – – –
Reserves 629M 237M 46M 306M 99M 550M (1.8B) (1.2B) (362M) (21M)
Retained Earnings 16.4B 16.4B 16.7B 16.6B 15.7B 19.0B 21.5B 23.8B 25.2B 26.8B
Other Comprehensive Income – – – – – – – – – –
Non-controlling Interest 23M 11M 11M 8M 1M – – 349M 758M 725M
Total Shareholders' Equity 51.3B 51.3B 52.7B 55.6B 61.3B 62.8B 59.0B 61.5B 62.2B 63.6B
Total Liabilities & Equity 776.7B 788.3B 806.5B 847.1B 866.6B 926.0B 1,055.1B 1,059.1B 1,080.2B 1,109.1B

Cash Flow, FY16–FY25

Cash generated and spent across operating, investing and financing activities. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Operating Activities
Interest Received 28.3B 27.2B 28.3B 29.5B 23.2B 18.2B 21.5B 47.3B 58.7B 57.3B
Provision for Loan Losses – – – – – – – – – –
Net Cash from Operating Activities 14.5B 13.2B (9.2B) 10.4B 33.9B 759M 28.2B (26.7B) (35.8B) 8.5B
Investing Activities
Purchase of Securities (20.1B) (23.4B) (22.0B) (22.6B) (21.1B) (29.7B) (34.5B) – (28.0B) (30.2B)
Purchase of PPE (875M) (1.0B) (1.1B) (1.1B) (972M) (858M) (1.2B) (1.2B) (1.4B) (1.4B)
Net Cash from Investing Activities (10.0B) (313M) (954M) 2.6B (702M) (3.7B) (4.2B) (4.2B) 4.7B (5.7B)
Financing Activities
Debt Repayments (29.5B) (32.9B) (23.0B) (31.0B) (34.5B) (30.1B) (27.6B) (31.1B) (26.6B) (33.4B)
Dividends Paid (4.6B) (4.8B) (4.2B) (3.3B) (2.3B) (2.7B) (4.0B) (4.3B) (4.7B) (4.8B)
Share Repurchases – – – – – (650M) (3.9B) (1.6B) (2.1B) (1.0B)
Stock Issuance 43.5B 37.3B 32.1B 1.0B 4.9B – – – – –
Net Cash from Financing Activities 9.5B (331M) 4.9B (5.8B) (16.8B) (22.0B) 6.0B 7.0B 9.9B 2.7B
Cash Position
Net Change in Cash 14.0B 12.6B (5.2B) 7.3B 16.4B (25.0B) 25.5B (23.9B) (21.2B) 5.5B
Effect of Forex Changes (6.6B) (733M) 3.4B 1.8B (1.4B) 820M (1.2B) 2.3B (579M) 461M
Cash at Beginning of Period 20.5B 28.0B 39.8B 37.9B 47.0B 62.0B 37.9B 62.2B 40.6B 18.8B
Cash at End of Period 28.0B 39.8B 37.9B 47.0B 62.0B 37.9B 62.2B 40.6B 18.8B 24.8B

Analysis

What do National Australia Bank's (NAB) net interest income, margins and provisions show over time?

National Australia Bank's net interest income grew from $12.9B in FY2016 to $17.4B in FY2025, with the largest gains coming in FY2023 when it jumped to $16.8B from $14.8B a year earlier. Non-interest income moved in the opposite direction for much of the period, falling from $5.2B in FY2016 to a low of $2.9B in FY2021, before recovering to $3.9B in FY2024 and easing back to $3.5B in FY2025.

Net interest margin narrowed steadily from 1.88% in FY2016 to 1.65% in FY2022, its lowest point in the period, before recovering to 1.74% by FY2025. Provisions for loan losses swung widely: they stood at $813M in FY2016, spiked to $2.8B in FY2020, eased to as little as $124M in FY2022, and rose again to $833M in FY2025.

Diluted earnings per share tracked the swings in net income, rising from just $0.16 in FY2016, when net income was $352M, to a peak of $2.29 in FY2023 on net income of $7.4B, before easing to $2.20 in FY2025 on net income of $6.8B. Basic shares on issue rose from 2.60 billion in FY2016 to a high of 3.29 billion in FY2021, before declining to 3.06 billion in FY2025.

Updated 6 Jul 2026

Is NAB's balance sheet resilient — how have assets, deposits and equity moved?

Total assets expanded from $776.7B in FY2016 to $1,109.1B in FY2025, a rise of roughly 43% over the decade, while total liabilities grew at a broadly similar pace, from $725.4B to $1,045.4B. Shareholder equity increased more slowly, from $51.3B to $63.6B, so liabilities grew faster than equity — the liabilities-to-equity ratio widened from about 14.1 times in FY2016 to roughly 16.4 times in FY2025, a level of leverage typical of a diversified banking balance sheet.

On the funding side, deposits and public borrowings rose from $459.7B to $736.2B, while loans and other receivables grew from $510.0B to $776.1B, keeping the loan book roughly in step with deposit funding across the period (a loan-to-deposit ratio easing from about 1.11 to 1.05). Retained earnings climbed steadily too, from $16.4B in FY2016 to $26.8B in FY2025, with only one interruption — a dip to $15.7B in FY2020 — pointing to a broadly consistent build-up of retained capital outside that year.

Updated 4 Jul 2026

How much cash does NAB generate and return to shareholders?

Operating cash flow at National Australia Bank has been highly variable across the reported decade, swinging from a positive $33.9B in FY2020 to negative figures of -$26.7B in FY2023 and -$35.8B in FY2024, before returning to a positive $8.5B in FY2025. Such swings are common for banks, where operating cash flow reflects large movements in loans and deposits rather than a steady trading cycle. Capital expenditure and free cash flow are not disclosed in the company's reported figures.

Shareholder distributions have been more consistent than operating cash flow. Dividends paid fell from $4.6B in FY2016 to a low of $2.3B in FY2020, before climbing back to $4.8B in FY2025 — the highest level in the reported period. Share buybacks began in FY2021 (-$0.65B) and peaked at $3.9B in FY2022, tapering to $1.0B in FY2025, indicating buybacks have run alongside dividends as a second channel for returning cash in recent years.

Updated 4 Jul 2026

AI-assisted analysis generated from Craytheon's verified financial data · How this works

Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.