Origin Energy (ASX:ORG) has surged +4.7% after lighting up the boards with a stellar FY25 statutory profit of $1.48 billion, up from $1.4B the previous year.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Perhaps even more impressively, too, underlying profit jumped to $1.49B, rising by $307 million, thanks to a lower income tax expense as dividends switched from partial to fully franked.
“Origin’s financial and operational performance in FY25 underscores the strength of our portfolio,” said chief executive officer Frank Calabria.
And it’s not hard to see why. Despite a $117 million dip in underlying EBITDA to $3.41B, Origin’s Integrated Gas division stepped up with a $2.2B EBITDA, up $251 million from FY24.
This helped counterbalance softer results from Energy Markets and Octopus Energy.
Dividends also got a boost, with $797 million in fully franked dividends received from APLNG and another $335 million in early July.
The board declared a fully franked final dividend of 30 cents per share, bringing the full-year total to 60 cents, up from 55c last year; a sweet 86% of adjusted free cash flow going back to shareholders.
“We advanced key strategic priorities,” said Calabria, pointing to the construction of the Eraring and Mortlake batteries and progress on the Yanco Delta wind farm. On the retail side, Origin added 104,000 new customer accounts, bringing the total to 4.7 million, with churn way below the market average at 13.4%.
“Our leading customer proposition, underpinned by world-class technology platforms, helps customers manage their energy needs and increase the value they get from Origin,” said Calabria.
The company is growing its clean energy footprint, think solar, EVs, community batteries, and a Virtual Power Plant, Loop, now at 1.5 GW across 393,000 assets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)