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Ampol (ALD) investor relations material
Ampol H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
RCOP EBITDA reached AUD 1.44 billion, up 20% year-on-year, with RCOP EBIT at AUD 947 million, up 32% year-on-year; RCOP NPAT before significant items was AUD 429 million, up 83% year-on-year; statutory NPAT was AUD 82 million, impacted by significant items and inventory losses.
Convenience Retail EBIT grew 4.8% to AUD 374 million, maintaining a 5%+ CAGR over five years; New Zealand segment remained resilient despite economic challenges.
Lytton refinery returned to profitability, with EBIT at AUD 163 million, benefiting from improved reliability and stronger margins.
F&I EBIT more than doubled to AUD 406 million, with portfolio remix and improved customer mix.
Total sales volume reached 25.2 billion litres, with diesel and jet fuel driving growth; international sales volumes declined as focus shifted to internal supply.
Financial highlights
Group delivered EBITDA of AUD 1.44 billion (+20%) and RCOP EBIT of AUD 947 million (+32%) year-on-year; RCOP NPAT before significant items was AUD 429 million (+83%), statutory NPAT was AUD 82 million.
Net borrowings at AUD 2.9 billion; leverage ratio at 2.3x adjusted net debt/EBITDA.
Final dividend of AUD 1.00 per share, fully franked, up from AUD 0.65 last year.
Significant items totaled AUD 210 million after tax, including AUD 89.9 million non-cash impairment of Seaoil, AUD 65.1 million loss from Energy Solutions simplification, and AUD 12.1 million loss from Cyclone Alfred.
Dividend payout ratio was 56% of RCOP NPAT.
Outlook and guidance
Net CapEx for 2026 expected around AUD 600 million, reflecting investment in safety, retail growth, and refinery upgrades.
Targeting further AUD 50 million nominal cost reductions across 2026 and 2027.
EG Australia acquisition expected to complete mid-2026, pending regulatory approval, with integration and synergy delivery as key priorities.
Lytton Ultra Low Sulfur Fuels project commissioning in Q2 2026.
Expecting continued momentum in retail and wholesale volumes, with B2B volumes up 3.2% in Q4 2025.
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