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AGL Energy Limited (ASX:AGL)

ALERT: Price-sensitive ASX Announcement for AGL
Current share price for AGL : $8.230 -0.62 (-7.01%)+
Announcement
Release
11 Feb 2026 8:24AM
Price at Release
$8.850
Full Release
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Summary
AGL Energy Limited reported robust financial and operational performance in the first half of FY26, which ended in December 2025. The company's strong results were driven by improved operational performance, higher customer margins, and battery earnings. AGL narrowed its FY26 guidance with an Underlying EBITDA ranging from $2,020 million to $2,180 million. The company is focusing on strategic projects, including significant investments in battery and wind projects, and plans to divest its telco business to form a strategic alliance with Aussie Broadband. Despite lower market volatility, AGL's flexible asset fleet maintained strong pricing outcomes, and the company reported a strong liquidity position with a Baa2 credit rating.
Key Points
  • AGL Energy reported a strong first half result for FY26 driven by improved operational performance.
  • The FY26 guidance has been narrowed with an Underlying EBITDA between $2,020 million and $2,180 million.
  • AGL is planning approximately $650 million of growth capital investment for FY26 to advance firming projects.
  • AGL's 300 MW operating battery fleet contributed $35 million in EBITDA in the half-year.
  • There was a significant improvement in customer margins and battery earnings despite lower market volatility.
  • AGL is progressing with development projects and strengthening its pipeline, with a focus on battery and wind projects.
  • The company plans to divest its telco business and has entered into a strategic partnership with Aussie Broadband.
  • There was a record peak demand in 2025, with a strong long-term outlook driven by data centres, electrification, and sustained smelter operations.
  • AGL's credit metrics remain strong with a Baa2 rating and significant liquidity position.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.