• Underlying EBITDA up 7.6% to $1,092 million
• Statutory net profit after tax increased to $95 million
• FY26 Underlying EBITDA and distribution guidance reaffirmed

APA Group (ASX:APA) today announces its financial results for the half year ended 31 December 2025 (1H26), delivering growth in revenue, earnings and distributions. Underlying EBITDA is up 7.6% to $1,092 million (1H25: $1,015 million), driven by inflation-linked tariff escalation, new asset contributions, and progress with enterprise-wide cost reduction initiatives. Statutory net profit after tax increased to $95 million (1H25: $34 million) reflecting EBITDA growth and lower net interest expense. APA has reaffirmed its EBITDA guidance range for the full year, with an expectation now to exceed the midpoint of this range. FY26 distribution guidance was also reconfirmed at 58.0 cents per security. The company has made good progress to simplify APA, with the divestment of its Networks business and agreement to divest its 20% interest in GDI. APA's organic growth pipeline for FY26-FY28 has increased from $2.1 billion to ~$3 billion, to be funded from existing balance sheet capacity and the Distribution Reinvestment Plan. The company also announced it is progressing Stage 3 of its East Coast Gas Grid Expansion Plan, and that it is working with CS Energy to develop the Brigalow Peaking Power Plant.

FY26 Underlying EBITDA guidance remains unchanged at $2,120 million - $2,200 million, with current expectation to exceed the midpoint of the range. FY26 distribution guidance reconfirmed at 58.0 cents per security.

APA remains well placed to capitalise on emerging opportunities in its growth markets, with a strong balance sheet and significant internal funding capacity. The company continues to build momentum with new growth projects and is progressing its East Coast Gas Grid Expansion Plan.