Ampol reports 33% drop in statutory profit, lifts dividend
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The news: Fuel refiner and retailer Ampol reported a 33% drop in full-year statutory profit to $82.4 million as earnings from its fuel and infrastructure division halved due “unpredictable” global demand.
The numbers: The result was down from $122.5 million in 2024, which was a 78% drop from 2023. Analysts had forecast the company would post a profit of $239.3 million, according to Visible Alpha data.
Replacement cost operating profit group earnings — management’s preferred measure of profitability — came in at $946.8 million, up 32% from a year ago and in line with the guidance pre-reported in January.
It will pay a final dividend of 60 cents a share, taking full-year dividends to 100 cents per share, up from 65 cents in 2025.
The context: Ampol managing director and CEO Matt Halliday said the company's Lytton refinery returned to profitability in 2025, with refining margins rebounding in the second half.
He noted that the sale of Ampol's interest in fuel import terminal Channel Infrastructure, and the divestment of its electricity retailing businesses in Australia and New Zealand, further strengthened the group's balance sheet ahead of the proposed acquisition of EG Australia.
The source: ASX
