• Energy Markets EBITDA: $1,701 million, towards upper end of guidance
• Integrated Gas EBITDA: $1,620 million, in line with expectations
• Octopus/Kraken: -$8 million EBITDA
• Batteries: 1.3 GW / 4.1 GWh operational out of a total of 1.8 GW / 6.4 GWh
• $911 million fully franked dividends from APLNG

Origin Energy Ltd. announced its FY26 results, showing Energy Markets EBITDA of $1,701 million, towards the upper end of guidance. Integrated Gas EBITDA was $1,620 million, in line with expectations for APLNG and LNG trading. Octopus/Kraken reported a loss of $8 million EBITDA, with UK Retail contributing $134 million. Batteries are on time and budget, with 1.3 GW / 4.1 GWh operational out of a total of 1.8 GW / 6.4 GWh. The company delivered $100-150 million in cost savings and added 243,000 customer accounts. APLNG contributed $911 million in fully franked dividends, and 2P reserves increased by 332 PJ before production. Octopus Energy grew by 2.2 million customer accounts, and Kraken Technologies saw a 19% revenue growth with 95 million contracted accounts. The legal separation of Kraken and Octopus was completed, and a US$1 billion Kraken equity raise was completed in July 2026.

FY26 Underlying EBITDA $3,220 million, FY27 Underlying EBITDA expected to be above target range

Origin expects FY27 to remain above target range with batteries coming online, partially offset by lower wholesale prices flowing into tariffs. FY28 expects moderation of gross profit as lower forward prices flow through to tariffs.