Commonwealth Bank announces unprecedented earnings reaching $10.25 billion and outlines strategy to restrict coal funding | Financial Services

Commonwealth Bank has reported a record cash profit and announced they will stop lending to coal companies that do not have net zero emissions plans. The bank’s annual cash profits for the year to June were $10.25bn, a 4% increase on the previous year, with shareholders receiving a $2.60 payout per share. CBA’s 2025 annual report revealed that thermal coalminers would no longer be able to borrow from the bank unless they plan to reach net zero emissions by 2050. The bank said about $660m in lending facilities were provided to the coal industry in 2023 and 2024, with $1.2bn of CBA finance exposed to thermal coal at the end of June. More customers are ahead on their minimum monthly loan repayments, with the share rising to 85% in June compared to just under 80% the previous year. CBA’s chief executive, Matt Comyn, said that many households have seen a rise in disposable incomes due to reduced interest rates, lower inflation, and tax cuts.

Source: https://www.theguardian.com/australia-news/2025/aug/13/cba-record-cash-profit-commonwealth-bank-of-australia