Ampol Limited (ASX:ALD) Announces 1Q 2025 Trading Update
Financial Performance
Ampol Limited reported mid-single digit EBIT growth in both the Convenience Retail and New Zealand segments for the first quarter of 2025. The Convenience Retail segment benefited from improved fuel margins and store margin expansion, while the New Zealand segment saw increased fuel volumes, margins, and non-fuel income. F&I Australia earnings were broadly in line with the previous year, and F&I International operated around breakeven.
Lytton Refiner Margin
The Lytton Refiner Margin for 1Q 2025 was US$6.07 per barrel, a decrease of 49% compared to the first quarter of 2024. The decline was primarily due to weakness in Singapore refined product cracks and the impact of Cyclone Alfred, which caused increased demurrage costs and reduced refinery production to 1,303 million litres.
Other Initiatives
Ampol continues its productivity program aiming to reduce costs by $50 million in 2025, with benefits expected to accelerate in the second half. The company also divested its holdings in Channel Infrastructure, generating approximately $85 million in cash proceeds, strengthening its balance sheet.
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