PRE-MARKET AUSTRALIAN STOCKS NEWS: Westpac (WBC AT) Q1 2026 (AUD) unaudited net profit 1.9bln (prev. 1.7bln Y/Y), net oper. income rose 1% from the H2 2025 quarterly average to AUD 5.8bln

Westpac's Q1 2026 unaudited net profit of AUD 1.9 billion, up from AUD 1.7 billion year-on-year, indicates improving profitability, which could positively influence sentiment towards the bank's stock.

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PRE-MARKET AUSTRALIAN STOCKS NEWS: Westpac (WBC AT) Q1 2026 (AUD) unaudited net profit 1.9bln (prev. 1.7bln Y/Y), net oper. income rose 1% from the H2 2025 quarterly average to AUD 5.8bln

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BWP Trust (BWP AT) - Co. H1 (AUD) statutory profit rose 41.2% Y/Y to 221.8mln, rev. rose 3% Y/Y to 103.6mln. (Newswires)

Cochlear (COH AT) - Co. H1 (AUD) statutory net fell 21% Y/Y to 161.5mln, rev. rose 1% Y/Y to 1.18bln. (Motley Fool)

GQG Partners (GQG AT) - Co. FY (USD) net rose 7.3% Y/Y to 463.3mln, FUM rose 7.1% Y/Y to USD 163.9mln. (Motley Fool)

Maas Group (MGH AT) - Co. reportedly faces pressure to acquire electrical contractors to compete for lucrative energy transition projects after selling its AUD 1.7bln construction materials business. (The Australian)

NIB Holdings (NHF AT) - Co. sold international travel insurance business World Nomads Group to US-listed SiriusPoint for about AUD 100mln. (AFR)

Westpac (WBC AT) - Co. Q1 2026 (AUD) unaudited net profit 1.9bln (prev. 1.7bln Y/Y), net oper. income rose 1% from the H2 2025 quarterly average to AUD 5.8bln. (Newswires)

Other News

Australian Treasurer Chalmers appointed Bruce Preston to the RBA board. (AFR)

Context

The slight rise in net operational income suggests stability in earnings, potentially reinforcing expectations of continued robustness in the Australian financial sector. Investors may interpret this as a positive signal for both Westpac's outlook and broader economic conditions, especially in light of the recent appointments at the RBA.

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