AGL Energy Limited (ASX:AGL) Announces 1H25 Results and Interim Dividend
Financial Performance
AGL Energy Limited reported a statutory profit after tax of $97 million for the six months ended 31 December 2024, including significant items of $(245) million. Underlying EBITDA was $1,068 million, a 1% decrease from 1H24. The underlying net profit after tax was $373 million, down 7% compared to the same period last year.
Dividend Declaration
AGL declared a fully franked interim dividend of 23 cents per share, payable on 27 March 2025. The dividend aligns with AGL’s policy targeting a payout ratio of 50 to 75 percent of annual underlying net profit after tax.
FY25 Guidance
AGL narrowed its FY25 earnings guidance. The underlying EBITDA is expected to be between $1,935 and $2,135 million, and the underlying net profit after tax between $580 and $710 million.
Operational Highlights
AGL achieved a Total Injury Frequency Rate (TIFR) of 2.8, down from 3.5 in FY24. Customer services increased to 4.5 million, up 46,000 from FY24. The total generation volumes remained in line with 1H24 at 15.9 TWh. AGL’s development pipeline rose to 7.0 GW, with flexible fleet capacity growing to 7.6 GW.
Executive Comments
AGL Managing Director and CEO, Damien Nicks, said: “We delivered a strong first half result in line with expectations, driven by the flexibility of our generation fleet and its ability to capture higher realised electricity pricing. This included continued strong earnings from our growing battery portfolio.”
“Importantly, these results mean we are on track to deliver full-year earnings in line with our FY25 guidance range, and the reinstatement of a fully franked dividend for our shareholders.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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