AGL Energy lifts FY26 underlying EBITDA 2% to $2,100 million, raises dividend and targets renewables growth
AI Market Summary
AGL Energy's FY26 result showed modest EBITDA growth and a sharp lift in operating free cash flow, alongside a higher fully franked dividend and an increased target payout ratio. Customer growth, improved satisfaction, and a larger distributed asset base support its retail and flexibility strategy, while divestments and telco exit strengthen focus and balance sheet. FY27 guidance frames near-term earnings expectations for Australian equities sentiment.
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● Low
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AGL Energy reported FY26 underlying EBITDA of $2,100 million, up 2%, and operating free cash flow of $850 million, up 60%, supported by customer growth and its energy services business. Underlying NPAT slipped 2% to $631 million, while statutory profit after tax was $756 million. Customer services rose by 92,000 to 4.57 million, helped by the Ampol Energy acquisition and organic growth, with customer satisfaction at 84.1%. The dividend payout ratio was 53.3% and the company is targeting 55–60%, expected to be fully franked, while decentralised assets under orchestration increased by 250 MW to 1.74 GW as it pursues renewables expansion.
