Australia · Delayed Price · Currency is AUD Ampol Earnings Call Transcripts
Fiscal Year 2025
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FY2025 saw strong earnings growth, with RCOP EBIT up 32% and NPAT up 83% year-on-year, driven by robust Convenience Retail and F&I performance. Leverage returned to target, dividend increased, and the EG Australia acquisition is on track for mid-2026 completion.
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RCOP EBITDA reached $649 million and RCOP NPAT (excl. significant items) was $180 million, with strong retail and commercial performance offsetting weaker refining margins. The EG Australia acquisition is expected to drive future growth, with robust cost management and productivity gains supporting earnings.
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The AGM reviewed a year of mixed financial results, with strong retail and New Zealand performance offsetting weaker refinery margins. Strategic initiatives included retail growth, cost reductions, EV charging expansion, and a focus on renewable fuels. All board and governance resolutions passed with strong shareholder support.
Fiscal Year 2024
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Earnings were resilient despite a tough refining market, with strong growth in convenience retail and Z Energy. Outlook for 2025 is positive, with expected recovery in refining margins, continued retail growth, and a focus on cost reduction and capital discipline.
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EBITDA fell 7.7% year-on-year to AUD 737 million, but statutory NPAT nearly tripled to AUD 235 million as inventory losses eased. Convenience Retail and New Zealand segments delivered strong growth, while International earnings softened amid stable markets.