ASX 200 reporting season: National Australia Bank
This earnings season reveals significant challenges and strategic shifts across key sectors, including banking, energy, and mining, as companies like NAB, Santos, and Mineral Resources navigate through volatile market conditions.
(AI video summary)
This video was created on 19 February for IG audiences by ausbiz.
Key financial results
First half (H1) 2025 results:
National Australia Bank (ASX:NAB)
National Australia Bank (NAB) faces hurdles as quarterly cash earnings fell 2% to $1.74 billion, primarily due to lower net interest margins from higher funding costs and competition. The bank also reported a decline in its lending portfolio and an increase in delayed mortgage payments.
Credit impairment charges hit $267 million, with economic conditions improving but cost-of-living pressures persisting. Expenses rose 2% due to personal and financial crime-related costs. NAB's focus on efficiency led to a more than 7.5% drop in its share price.
Goodman Group (ASX:GMG)
Goodman Group is capitalising on the growing global demand for data centres, raising $4 billion to explore growth opportunities in logistics and data centre operations. Its H1 results showed an 8% increase in operating profit to $1.2 billion.
Mineral Resources (ASX:MIN)
Mineral Resources has paused dividend payments to concentrate on the Oslo iron project and debt reduction, as declining commodity prices led to a 9% revenue decrease to $2.3 billion.
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