Ampol Limited (ASX:ALD) Announces Full Year 2024 Results
Financial Performance
Ampol Limited reported a Group RCOP EBITDA of $1.2 billion and a Group RCOP EBIT of $715 million for the full year ended 31 December 2024. The statutory NPAT was $123 million, with total sales volume reaching 27.3 billion litres.
Operational Highlights
The Convenience Retail segment continued to grow, achieving a 6% CAGR since 2020. Z Energy in New Zealand delivered robust performance despite a challenging economy. Fuels and Infrastructure Australia remained resilient, despite a production shortfall at the Lytton refinery. F&I International experienced limited value-creating opportunities in a stable market.
Capital Management
Ampol declared a final dividend of 5 cents per share, bringing the total ordinary dividends to 65 cps, fully franked. The payout ratio was 66% of the RCOP NPAT.
Future Outlook
The company plans to enhance its core business, maximise the value of the Lytton refinery, undertake a $50 million cost reduction program, expand its retail offerings, and build out its EV charging networks in Australia and New Zealand.
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