Core Insights - ANZ Group reported a 17% increase in cash profit for Q1, driven by lower costs, stronger revenue, and improved cash returns on equity [1] - Cash profit for the three months ending December 31 was A$1.94 billion ($1.38 billion), while statutory profit was A$1.87 billion [1] - The common equity tier 1 (CET1) ratio improved to 12.15% as of December 31, up from 12% on September 30 [1] Financial Performance - The bank's return on shareholders' tangible equity rose by 1.73 percentage points to 11.7% [1] - Portfolio losses remained low, indicating strong credit quality, with non-performing exposures at 0.78% [1] Market Context - The overall credit quality and customer resilience were noted to be strong under lower interest rates and unemployment [1]