• Revenue up 15.3% to $7,132 million
• Underlying Profit after tax down 6.5% to $373 million
• Interim dividend of 23.0 cents per share, fully franked

AGL Energy Limited has reported its financial results for the half-year ended 31 December 2024. Revenue was up 15.3% to $7,132 million, while Statutory Profit after tax attributable to shareholders was down 83.2% to $97 million. Underlying Profit after tax attributable to shareholders was down 6.5% to $373 million. Statutory Earnings per share was down 83.2% to 14.4 cents, while Underlying Earnings per share was down 6.6% to 55.4 cents. Net tangible asset backing per share was down 18.2% to $2.83. The company has declared an interim dividend of 23.0 cents per share, fully franked, compared to the prior interim dividend of 26.0 cents per share. The dividend will be paid on 27 March 2025. Total services to customers increased 1.0% to 4.528 million, driven by growth in telecommunications, energy, and Netflix services. AGL's churn rate remains lower than the rest of the market. Customer electricity sales volumes were down 1.9% to 18,172 GWh, while customer gas sales volumes were up 1.5% to 53.7 PJ. Wholesale electricity prices were higher across all states compared to the prior corresponding period, driven by periods of volatility. Generation volumes were broadly flat compared to the prior corresponding period, with increases at Bayswater Power Station offset by decreases at AGL Loy Yang and in renewable generation. Fuel costs were up, with coal costs up 7.4% and gas costs up 42.6%.

AGL has not provided any high-importance, price-sensitive forward-looking financial metrics in this announcement.