Australia · Delayed Price · Currency is AUD Ampol Earnings Call Transcripts
Fiscal Year 2026
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Record H1 2026 results driven by exceptional market conditions and supply chain strength, with RCOP EBITDA up 152% YoY and strong growth in retail, wholesale, and trading. EG Australia acquisition completed, supporting future growth. Tight markets and geopolitical risks are expected to sustain strong refining margins and earnings.
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The meeting highlighted strong financial results, strategic investments in fuel security, and a focus on board diversity. Shareholders supported all resolutions, while management addressed challenges from geopolitical volatility and regulatory changes.
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 highlighted strong retail and New Zealand performance offsetting refinery margin declines, a 66% dividend payout, and strategic focus on convenience, EV charging, and renewable fuels. All board and business resolutions passed with strong shareholder support.
Fiscal Year 2024
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Earnings were resilient despite weak refining margins and operational disruptions, with strong growth in convenience retail and Z Energy offsetting declines elsewhere. A robust cost reduction program and strategic investments position the group for margin recovery and earnings growth in 2025.
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EBITDA fell 7.7% year-on-year to AUD 737 million, but resilient retail and commercial segments drove strong earnings, with statutory NPAT nearly tripling to AUD 235 million. CapEx is set to rise in H2, and the interim dividend was set at AUD 0.60 per share.