• Underlying EBITDA up 9.1% to $1,015m
• Free Cash Flow up 3.6% to $552m
• Distribution per Security increased 1.9% to 27.0 cents

APA Group has reported strong financial results for the first half of FY25, with Underlying EBITDA increasing 9.1% to $1,015 million and Free Cash Flow up 3.6% to $552 million. The growth in earnings was driven by a strong contribution from the Pilbara Energy System, inflation-linked tariff escalation, higher variable revenue, and disciplined cost control. The company also increased its Distribution per Security by 1.9% to 27.0 cents. APA continues to make progress on its growth strategy, with the completion of the Port Hedland Solar and Battery Energy system and the Kurri Kurri lateral pipeline. The company also received a favorable regulatory outcome on the South West Queensland Pipeline, which builds confidence in its East Coast Gas Grid expansion plans. APA is focused on delivering sustainable distribution growth while investing in accretive organic growth opportunities, strengthening its EBITDA margin and cost management, and maintaining a strong balance sheet to fund its $1.8 billion organic growth pipeline.

APA Group has reaffirmed its FY25 Underlying EBITDA guidance of $1,960 million to $2,020 million and its FY25 Distribution per Security guidance of 57.0 cents.

APA Group is focused on delivering sustainable distribution growth while investing in accretive organic growth opportunities, strengthening its EBITDA margin and cost management, and maintaining a strong balance sheet to fund its $1.8 billion organic growth pipeline.