AGL Energy posts results of $756M in FY26
Full story: https://grafa.com/en/news/australia/agl-energy-posts-results-of-756m-in-fy26
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AGL Energy reported a statutory profit after tax of $756 million for the twelve months ended June 30.
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Underlying EBITDA reached $2.10 billion alongside an underlying net profit after tax of $631 million.
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The company stated that it is targeting a dividend payout ratio range between 55% and 60% for the upcoming financial year.
AGL Energy (ASX:AGL) reported a statutory profit after tax of $756 million for the financial year ended June 30, up from $644 million in the prior-year period.
Underlying net profit after tax in line with guidance slipped 2% year over year to $631 million, while underlying EBITDA rose to $2.10 billion.
"Our strong underlying operating cash flows and cash conversion rate supported a higher dividend compared to FY25 and allow us to target a dividend payout ratio of between 55 and 60% for the FY27 dividend," said AGL Energy Managing Director and CEO Damien Nicks.
Total injury frequency rate was up to 2.2 per million hours worked from 2.0 in FY25.
The business maintained operating costs flat while delivering $30 million towards an intended $50 million net operational expenditure reduction programme targeted by FY27.
Management outlined a fiscal outlook that anticipates underlying EBITDA to land between $1.90 billion and $2.20 billion in the next period, while underlying net profit is expected to be between $470 and $670 million.
Following the announcement, the AGL Energy share price was up at $8.23.
The Australian utility provider operates across wholesale power markets, energy generation assets, and customer retail operations.
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