Resilient Supply Chain Underpins Earnings Growth

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Stock Ampol Ltd (ALD.ASX)
Release Time 30 Jul 2026, 9:12 a.m.
Price Sensitive Yes
 Ampol Reports Strong Earnings Growth Amid Supply Chain Resilience
Key Points
  • Unaudited Group RCOP EBITDA of approximately $1,600 million for 1H 2026
  • Lytton Refiner Margin averaged US$28.26 per barrel
  • Australian fuel sales increased by 2.8% in 1H 2026
Full Summary

Ampol Ltd has reported robust financial results for the first half of 2026, with an unaudited Group Replacement Cost Operating Profit (RCOP) EBITDA of approximately $1,600 million, up from $649 million in 1H 2025. The company's supply chain readiness and flexibility, combined with the reliable performance of the Lytton refinery, enabled Ampol to maintain supply to its customers in Australia and New Zealand despite global energy market disruptions. The Lytton Refiner Margin averaged US$28.26 per barrel for the first half of 2026, reflecting the strong operational performance. Australian fuel sales increased by 2.8% year-on-year, demonstrating the benefits of Ampol's Convenience Retail segmentation strategy. The company also completed the acquisition of EG Australia on 30 June 2026, which is expected to deliver synergies of $65 to $80 million per annum within two years.

Guidance

Unaudited Group RCOP EBITDA of approximately $1,600 million for 1H 2026

Outlook

Ampol remains well positioned to navigate ongoing geopolitical tensions and supply chain challenges, with physical supply arrangements in place for the majority of 3Q 2026.