• Statutory Profit after tax: $94 million
• Underlying EBITDA: $1,092 million, flat to 1H25
• Underlying Net Profit after tax: $353 million, down 6% on 1H25

AGL Energy Limited (AGL) has announced its results for the six months ended 31 December 2025 (1H26). The company's Statutory Profit after tax was $94 million, including a loss on the fair value of financial instruments of $(143) million, and significant items of $(116) million, which included Retail Transformation costs of $(45) million and an increase in onerous contract provisions of $(42) million. Underlying EBITDA was $1,092 million, flat to 1H25, and Underlying Net Profit after tax was $353 million, down 6% on 1H25. AGL has declared an interim fully franked dividend for FY26 of 24 cents per share. The company has narrowed its FY26 earnings guidance ranges, with Underlying EBITDA expected to be between $2,020 and $2,180 million (previously between $1,920 and $2,220 million) and Underlying Net Profit after tax between $580 and $680 million (previously between $500 and $700 million). AGL is also targeting $50 million of sustainable net operating cost reductions in FY27. The company has delivered strong operational performance across the business, with growth in customer services and improved customer satisfaction. AGL has also made progress on its Retail Transformation program and continued to expand its development pipeline and renewable energy projects.

Underlying EBITDA between $2,020 and $2,180 million, Underlying Net Profit after tax between $580 and $680 million (FY26)

AGL is targeting $50 million of sustainable net operating cost reductions in FY27.