Australia · Delayed Price · Currency is AUD Origin Energy Earnings Call Transcripts
Fiscal Year 2026
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Kraken's platform is driving rapid modernization in the utility sector, achieving 10x ARR growth in five years and managing over 90 million accounts. Its unified, AI-driven system delivers significant efficiency gains, rapid innovation, and high customer retention, with a growing global footprint and strong expansion into new markets.
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Solid half-year results featured strong EBITDA growth in Energy Markets, upgraded full-year guidance, and robust cash flow supporting a 5.3% dividend yield. Investments in batteries, customer growth, and international expansion continue, while regulatory and market uncertainties remain key watchpoints.
Fiscal Year 2025
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The meeting reviewed strong financial results, increased dividends, and major investments in renewables and storage. Shareholders approved all resolutions, including director elections and the Climate Transition Action Plan, while management addressed challenges in the energy transition and customer concerns.
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EBITDA and profit rose year-over-year, with strong Energy Markets and APLNG performance. Guidance for FY 2026 is stable, with continued investment in batteries and renewables, and a focus on capital discipline and customer growth.
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Underlying profit rose to AUD 924 million, with strong APLNG and LNG trading performance, while Energy Markets EBITDA declined due to lower tariffs and higher coal costs. Battery investments are on track, Octopus continues global growth, and the interim dividend increased to AUD 0.30 per share.
Fiscal Year 2024
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The meeting highlighted strong financial results, increased dividends, and accelerated investment in renewables and storage. Shareholders approved all director elections and remuneration items, while management addressed key risks, including project delays and litigation. Strategic focus remains on energy transition and customer support.
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Earnings surged year-over-year, driven by higher wholesale electricity prices and improved LNG production, with strong cash flow and increased shareholder distributions. FY 2025 guidance anticipates lower Energy Markets EBITDA due to tariff and coal cost headwinds, but continued investment in batteries, renewables, and customer growth initiatives.
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Positioned to lead the energy transition, leveraging strong customer, asset, and technology platforms, with robust cash flows and disciplined capital management. Growth in renewables, storage, and distributed energy resources is prioritized, while new dividend policy and capital-light strategies enhance shareholder returns.