• Delivered FY25 financial results towards the top end of guidance
• Simplified the business with refined Electricity Transmission strategy and agreement to divest the gas distribution operations and maintenance business
• Remain confident about APA's growth outlook - East Coast Gas Grid expansion plan, Beetaloo, remote grid and gas power generation opportunities

APA Group reported strong financial results for the financial year ended 30 June 2025, delivering Underlying EBITDA towards the top end of guidance. Key highlights include a 6.4% increase in Underlying EBITDA to $2,015 million, driven by inflation-linked tariff escalation, contributions from new assets, and disciplined cost control. Free Cash Flow grew 0.9% to $1,083 million, and the company delivered a 1.8% increase in Distribution Per Security to 57.0 cents. APA simplified its business during the year, with a refined Electricity Transmission strategy and an agreement to divest its gas distribution operations and maintenance business. The company remains confident about its growth outlook, including the East Coast Gas Grid expansion plan, opportunities in the Beetaloo Basin, remote grid and gas power generation projects. APA also addressed all commitments due to be delivered by FY25 under its 2022 Climate Transition Plan, reporting a 6.5% gross and 13.3% net (including offsets) reduction in gas infrastructure emissions compared to the FY21 base year. The company also released its second Climate Transition Plan, reaffirming its commitment to existing 2030 emissions reduction targets and its goal to achieve net zero operational emissions by 2050.

FY26 Underlying EBITDA guidance of $2,120 million to $2,200 million, representing a 7.2% increase at the midpoint. FY26 Distribution Per Security guidance of 58.0 cents, a 1 cent increase on FY25.

APA remains confident about its growth outlook, including the East Coast Gas Grid expansion plan, opportunities in the Beetaloo Basin, remote grid and gas power generation projects. The company is also targeting a ~$50 million uplift in Underlying EBITDA in FY26 from cost reduction initiatives, with further efficiencies expected in FY27.