Origin Energy Limited reported its half-year results for the period ending 31 December 2025, showcasing strong performance in its Integrated Gas segment with a significant increase in underlying EBITDA due to higher LNG trading gains, although APLNG production saw a slight decline. The company declared fully franked dividends from APLNG and maintained a strong liquidity position to support upcoming debt maturities and capital requirements. Total revenue and profit showed positive growth, while adjusted net debt increased, yet remained within the targeted ratio. A final dividend was declared, maintaining a stable return to shareholders. Additionally, the company's financial position was strengthened with reduced gearing in the APLNG project finance debt.
Key Points
Origin Energy's Integrated Gas segment reported a 13% increase in underlying EBITDA to $2,202 million, driven by higher LNG trading gains.
APLNG production decreased by 2% to 682 PJ, with capital and operating expenditure increasing by 2% to $4.2/GJ.
Origin distributed fully franked dividends totaling $797 million from APLNG earnings, with an additional $335 million paid in July 2025.
The company maintained a liquidity position of $2.3 billion to meet debt maturities and capital requirements.
Origin's adjusted net debt increased to $4,654 million, with a net debt/EBITDA ratio of 1.9x, within the target range.
A fully franked final dividend of 30 cents per share was declared, bringing total distributions to 60 cents per share for FY25.
Origin's total group revenue increased by 7% to $17,224 million, with a 6% rise in profit attributable to members of the parent entity.
Origin's share in Octopus Energy reported a downturn in performance, impacting overall earnings.
The APLNG project finance debt was reduced, with gearing decreased from 19% to 11%.
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.