National Australia Bank (NAB) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with a Welcome to Country and acknowledgment of traditional owners, followed by instructions on meeting conduct, voting procedures, and safety protocols.

• Shareholders were informed about voting methods, question submission, and the grouping of related topics for efficient discussion.

Financial performance review

• Full-year 2025 results showed strong lending and revenue growth, with business lending up 9% and customer deposits up 7%.

• Total shareholder return over five years reached 190%, outperforming major bank competitors.

• Prudent balance sheet management maintained a capital surplus above the 11.25% CET1 target.

• Dividends of AUD 1.70 per share were declared, with $5.2 billion returned to shareholders.

Board and executive committee updates

• The board focused on director development in technology, risk, and climate reporting.

• Chair succession planning was initiated, with Kathryn Fagg overseeing the process.

• Several executive appointments and promotions were announced, including a new CFO joining in March 2026.

• Sharon Cook's retirement and contributions were acknowledged.