Australia Corporate Profits Unexpectedly Fall in Q1

2025-06-03 01:34 By Chusnul Chotimah 1 min. read

Corporate profits in Australia unexpectedly dropped by 0.5% quarter-on-quarter (QoQ) in Q1 2025, missing market forecasts of 1.1% growth and reversing an upwardly revised 6.0% expansion in Q4 2024.

The decline was driven by profit falls in financial and insurance services (-10.6% vs 38.3% in Q4), administrative and support services (-6.1% vs 8.5%), mining (-6.0% vs 5.3%), electricity, gas, water and waste services (-3.2% vs 4.6%), and professional, scientific, and technical services (-1.9% vs 1.5%).

Additionally, corporate profit growth slowed for wholesale trade (4.4% vs 20.3%), accommodation and food services (0.7% vs 10.0%), transport and warehousing (4.8% vs 9.0%), rental and hiring services (1.2% vs 10.1%), and arts and recreation services (1.2% vs 12.8%).

By contrast, profits rose more strongly in retail trade (5.4% vs 2.8%) and information media and telecommunications (5.0% vs 4.6%).

Through the year to March, corporate profits shrank by 5.0%, following a 6.2% decline in Q4.



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