AGL Energy FY26 Net Profit Surges, Revenues Down; Issues FY27 Outlook; Stock Up

(RTTNews) - AGL Energy Ltd. (AGL.AX, AGLNF.PK) reported Wednesday significantly higher profit in fiscal 2026 mainly on one-time gains. Further, underlying EBITDA increased slightly despite weak revenues.

Looking ahead for fiscal 2027, AGL projects underlying net profit between A$470 million and A$670 million, and underlying EBITDA between A$1.90 billion and A$2.20 billion.

In the full year 2026, profit after tax attributable to shareholders surged 575.0 percent to A$756 million from last year's A$112 million. Earnings per share grew 573.1 percent to 112.4 cents from 16.7 cents a year ago.

The latest results mainly included a A$268 million gain from the divestment of Tilt Renewables, a positive movement in the fair value of financial instruments of A$179 million and a A$67 million gain from the revaluation of onerous contracts. These were partly offset by A$227 million charges associated with asset impairments recognised on the generation fleet, among others.

Underlying net profit was A$631 million, down 1.7 percent from A$642 million a year ago. Underlying earnings per share declined 1.9 percent to 93.8 cents from 95.6 cents a year ago.

Underlying EBITDA was A$2.10 billion, up 2 percent from the prior year.

Revenue for the year declined 5.2 percent to A$13.59 billion from A$14.34 billion a year ago.

Further, AGL has declared a final fully franked dividend for fiscal 2026 of 26 cents per share. Total dividend for the year would be 50 cents per share.