ORG Half Year Results for the period ended 31 December 2025

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Stock Origin Energy Ltd (ORG.ASX)
Release Time 12 Feb 2026, 8:16 a.m.
Price Sensitive Yes
 Origin Energy Reports H1 2026 Results
Key Points
  • Customer accounts grew by 96,000 with strong performance across electricity, gas and internet
  • Invested in major overhaul of Eraring Power Station and extended operations to 2029
  • Continued growth in renewable and battery storage projects, with 1.7 GW of battery development underway
Full Summary

Origin Energy Limited reported its financial results for the half year ended 31 December 2025. Total Group Revenue decreased by 9% to $7,993 million, while Profit for the period attributable to members of the parent entity decreased by 45% to $557 million. The company's customer accounts grew by 96,000 during the period, with strong performance across electricity, gas and internet. Origin achieved a Customer Happiness Index score of 71% and a Trust Pilot score of 4.5 stars. The company continued to support customers in hardship, spending $23 million in the half.Origin invested in a major overhaul of unit 4 at the Eraring Power Station, which across all four units meets up to 25% of NSW's power supply. The company also announced an extension of operations at the Eraring Power Station to 30 April 2029, to support energy supply and reduce system security risk in NSW through the energy transition.In the area of sustainability, Origin published its second Climate Transition Action Plan, which received 94.67% shareholder support. The company also commissioned Eraring battery stage 1 and 3 (460MW/1,770MWh) and approved a fourth stage of the Eraring battery. Additionally, Origin grew its Virtual Power Plant to over 1.5 GW across more than 398,000 connected services.Origin continued to support the growth of Octopus Energy and Kraken Technologies, committing approximately $210 million in a suite of transactions that lay the foundations for formal separation of these businesses.The Board has determined to pay an interim dividend of 30 cents per share, fully franked.

Guidance

Energy Markets FY26 EBITDA is expected to be $1,550 - $1,750 million, an increase from previous guidance. APLNG FY26 production guidance is 645 - 680PJ (APLNG 100 per cent), with total APLNG capex and opex of $2.9 - $3.2 billion and $4.3 - $4.5/GJ. Origin's share of FY26 Octopus Energy EBITDA is expected to be $0 - $150 million. Total Origin capex for FY26 is expected to be $900 - $1,100 million.