Panorama delivers for Westpac result | Australian Markets

Westpac’s resolution to withdraw its BT Panorama platform from sale seems to have been vindicated within the bank’s 2025 Interim Results displaying stable 12 months on 12 months growth in funds underneath administration and good momentum in flows.

The efficiency of the Panorama platform business made a modest however important contribution to Westpac’s first half internet revenue after tax of $3.3 billion, down one per cent from the identical period final 12 months.

The administrators declared an interim odd dividend of 76 cents per share.

The bank’s replace to the Australian Securities Exchange (ASX) confirmed FUA on Panorama standing at $120.501 billion up 6% from the identical period final 12 months, with internet flows excluding benefit funds up a exceptional 72% to $3.364 billion.

It mentioned average FUA per account on Panorama rose 13% to $524,000 with managed account FUA rising 26% to $23,586 billion.

The ASX replace famous the strategy in direction of the development of “one wealth platform” with the Asgard migration to Panorama listed for completion subsequent 12 months at a price of round $70 million.

Commenting on the bank’s general half-year result, Westpac chief govt, Anthony Miller described it as being sturdy with the business growing within the areas focused.

He famous, nonetheless, that geopolitical uncertainty represents a key risk “that’s as high as it has been for a very long time”.

“Changes to global trade policies have impacted markets and funding for the bank. Despite the volatility, it’s important that we look through the noise and avoid reacting to the headlines. Australia is well placed to handle instability,” Miller mentioned.