APA Group swings to $95m half-year profit
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The news: Energy infrastructure company APA Group reported an increase in half-year net profit to $95 million, up from $34 million in the previous corresponding period, amid EBITDA growth and lower net interest expense.
The half-year net profit figure was below consensus estimates of $114.9 million according to Visible Alpha.
The company’s full year underlying EBITDA lifted 7.9% year on year to $1.09 billion.
The company declared an interim dividend of 27.5 cents per share, up from 27 cents a year prior and just under consensus estimates of 28 cents.
FY26 distributions are expected to total 58 cents per security and FY26 underlying EBITDA guidance remains unchanged at between $2.12 billion and $2.2 billion. APA said its current expectation is for underlying EBITDA to exceed the midpoint.
Our journalists are working to update this briefing. We will publish more shortly.
The source: ASX
