Also trades as: NABZY (OTC) · $vol 5M · NAUBF (OTC) · $vol 0M

A$38.40 ($26.70)

+0.51 (+1.33%)

Weekly Expected Move ±3.5%

A$36 A$37 A$38 A$40 A$41

ASX · Financial Services · Banks - Diversified · Tech Score Sell · Power 37 · A$117.9B mcap · 3.06B float · 0.167% daily turnover

Revenue

$60.2B -3.1% ▼

5Y CAGR: +18.0%

Gross Profit

$20.0B +0.7% ▲

5Y CAGR: +6.9%

Operating Income

$9.7B -1.9% ▼

5Y CAGR: +13.4%

Net Income

$6.8B -2.9% ▼

5Y CAGR: +21.4%

EPS (Diluted)

$2.20 -1.3% ▼

5Y CAGR: +22.4%

EBITDA

$10.3B -8.3% ▼

5Y CAGR: +7.7%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$20.9B	$25.9B	$51.9B	$62.2B	$60.2B
YoY Growth	-20.5%	+23.6%	+100.6%	+19.8%	-3.1%
Cost of Revenue	$4.0B	$7.7B	$32.1B	$42.3B	$40.2B
Gross Profit	$16.9B	$18.2B	$19.8B	$19.9B	$20.0B
Gross Margin	80.7%	70.4%	38.2%	32.0%	33.2%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$2.0B	$2.4B	$1.4B	$1.5B	$6.3B
Operating Expenses	$7.8B	$8.5B	$9.4B	$10.0B	$10.4B
Operating Income	$9.1B	$9.7B	$10.4B	$9.9B	$9.7B
Operating Margin	43.3%	37.7%	20.1%	15.9%	16.1%
Interest Expense	$4.2B	$7.5B	$31.3B	$41.5B	$39.4B
Income Before Tax	$9.1B	$9.7B	$10.4B	$9.9B	$9.7B
Tax Expense	$2.6B	$2.7B	$3.0B	$2.8B	$2.9B
Net Income	$6.4B	$6.9B	$7.4B	$7.0B	$6.8B
Net Margin	30.4%	26.6%	14.3%	11.2%	11.2%
EPS (Diluted)	$1.85	$2.06	$2.29	$2.23	$2.20
EBITDA	$10.1B	$10.9B	$11.7B	$11.2B	$10.3B
Shares Outstanding	3.54B	3.46B	3.40B	3.29B	3.13B

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$14.6B	$23.8B	$27.9B	$9.8B	$52.4B	$5.0B	$29.3B	$28.6B
Cost of Revenue	-$5.2B	$0	$0	-$21.3B	$63.5B	$0	$19.1B	$18.0B
Gross Profit	$19.8B	$23.8B	$27.9B	$31.0B	$10.1B	$5.0B	$10.2B	$10.6B
Gross Margin	135.8%	100.0%	100.0%	317.0%	19.3%	100.0%	34.8%	37.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$4.2B	$4.2B	$4.4B	$2.2B	$2.4B	$2.3B	$3.2B	$3.3B
Operating Expenses	$1.7B	$1.6B	$1.6B	$5.3B	$4.7B	$2.3B	$5.4B	$6.7B
Operating Income	$5.0B	$5.9B	$5.2B	$4.5B	$5.4B	$2.7B	$4.8B	$3.9B
Operating Margin	34.5%	24.7%	18.7%	46.0%	10.3%	54.1%	16.3%	13.5%
Interest Expense	$0	$0	$0	$0	$0	$0	$18.6B	$17.3B
Income Before Tax	$4.7B	$5.6B	$4.9B	$5.0B	$4.9B	$2.4B	$4.8B	$3.9B
Tax Expense	$1.3B	$1.6B	$1.4B	$1.4B	$1.4B	$722M	$2.1B	$1.1B
Net Income	$3.3B	$4.0B	$3.4B	$3.5B	$3.5B	$1.7B	$3.4B	$2.8B
Net Margin	22.9%	16.6%	12.4%	36.2%	6.6%	34.3%	11.4%	9.6%
EPS (Diluted)	$0.97	$1.16	$1.00	$1.10	$1.10	$1.09	$1.02	$0.90
EBITDA	$5.3B	$6.2B	$5.5B	$5.0B	$5.0B	$4.9B	$5.4B	$4.2B
Shares Outstanding	3.44B	3.41B	3.44B	3.38B	3.27B	3.36B	3.17B	3.08B

NAB.AX ASX