The Qantas Group has today released its Annual Report and Sustainability Report for the 2025 Financial Year.
Together these documents provide shareholders with detailed information about our performance in a range of financial and non-financial measures.
As recently announced at the Full Year Results in August, the Group reported an Underlying Profit Before Tax of $2.39 billion, improved operational performance, higher customer satisfaction and employee engagement.
The Annual Report also details executive pay results for FY25. Executive pay includes:
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- Base salary, which increased by 3 per cent.
- Short term incentives, which are based on financial, customer, people, safety and sustainability targets were either met or exceeded.
- Long term incentives, which increased significantly, driven by the share price more than doubling over the past three years, from $4.47 to $10.74.
The Board recognised the impact the recent cyber incident had on customers and decided to reduce short term incentives for the Group CEO and executive team by 15 percentage points. This equates to a $250,000 reduction for the Group CEO.
This year we have also begun an annual share plan for non-executive employees which will grant around 25,000 team members $1000 in shares, subject to the company's performance. This is in addition to the $1000 'Thank You' payment that non-executive employees received in December 2024.
Comments from Qantas Group Chairman John Mullen:
"The business had an outstanding year, delivering not just on financial metrics but importantly delivering for customers and our people. Vanessa and her leadership team have done a fantastic job.
"We saw strong improvements in customer satisfaction, on-time performance and reputation for both Qantas and Jetstar. We expect to build on these improvements in coming years.
"Despite the strong performance, the Board decided to reduce annual bonuses by 15 percentage points as a result of the impact the cyber incident had on our customers. This reflects their shared accountability, while acknowledging the ongoing efforts to support customers and put in place additional protections for customers.
"With a highly skilled and passionate workforce, compelling dual-brand proposition, our largest ever fleet order and one of the world's best airline loyalty programs, we are well placed to achieve our long-term goals."
