Ampol (ALD) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened with a Welcome to Country and confirmation of quorum, outlining procedures for both in-person and online participation, including voting and Q&A processes.

• Introductions were made for the board, executive team, and external auditors, with special recognition for retiring and new directors.

• Penny Winn's retirement from the Board was noted and she was thanked for her service.

Financial performance review

• 2024 Group RCOP EBITDA was AUD 1.2 billion, RCOP EBIT AUD 750 million, and RCOP NPAT AUD 235 million (excluding significant items); statutory NPAT was AUD 123 million.

• Total fuel sales reached 27.3 billion litres, with a fully franked dividend of AUD 0.65 per share (66% payout ratio).

• Retail and New Zealand operations delivered record or solid profits, offsetting a decline in refinery earnings due to low margins.

• Economic headwinds, cost of living pressures, and geopolitical disruptions impacted results.

Board and executive committee updates

• Three new directors (Guy Templeton, Helen Nash, Stephen Pearce) were nominated and elected, with Penny Winn retiring.

• Gary Smith succeeded Penny as Chair of the Safety and Sustainability Committee.

• Two new EGMs appointed: Michele Bardy (Infrastructure) and Brad Blyth (Technology, Digital & Data).