Ampol (ALD) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with a Welcome to Country, acknowledgment of traditional landowners, and confirmation of quorum, with procedural and technology instructions for both in-person and online attendees.

• Voting procedures, question submission methods, and introductions of board members, executives, and auditors were outlined.

• Penny Winn's retirement from the Board was noted, with thanks for her service.

Board and executive committee updates

• Three new directors—Guy Templeton, Helen Nash, and Stephen Pearce—were introduced and stood for election, while Betsy Donaghey and Steven Gregg sought re-election.

• Penny Winn retired from the board, with Gary Smith succeeding her as Chair of the Safety and Sustainability Committee.

• Two new EGMs were appointed: Michele Bardy (Infrastructure) and Brad Blyth (Technology, Digital & Data), increasing board composition by one net director.

Financial performance review

• Group RCOP EBITDA was AUD 1.2 billion, RCOP EBIT AUD 750 million, and RCOP NPAT AUD 235 million; statutory NPAT was AUD 123 million.

• Total fuel sales volume reached 27.3 billion litres in 2024.

• Retail division achieved record profits, and Z Energy in New Zealand delivered solid earnings.

• Lytton refinery earnings declined due to low margins, but retail and New Zealand operations offset this.