• Underlying EBITDA up 8.3% to $2,183 million
• Underlying EBITDA margins increased to 77.9%
• Free Cash Flow increased 3.2% to $1,118 million
• FY26 distribution of 58.0 cents per security
• $3.5 billion organic growth pipeline

APA Group (ASX: APA) announced its financial results for the year ended 30 June 2026, reporting a strong earnings performance with growth in EBITDA, free cash flow, and distributions. Underlying EBITDA increased by 8.3% to $2,183 million, exceeding the mid-point of guidance, driven by inflation-linked tariff escalation, contributions from newly commissioned assets, and $80 million in cost-out initiatives. Underlying EBITDA margins improved to 77.9%, reflecting enterprise-wide cost reductions and robust asset performance. Free Cash Flow increased by 3.2% to $1,118 million. The company also announced a final investment decision to construct the Sybella Creek Solar Farm and Battery Energy Storage System in Mount Isa, Queensland. APA's strong balance sheet supports the funding of its $3.5 billion FY27-FY29 organic growth pipeline.

FY27 underlying EBITDA guidance: $2,260 million to $2,340 million; FY27 distributions: 59.0 cents per security

APA's FY27 outlook includes underlying EBITDA growth of 5.4% and distributions growth of 1.7%. The outlook is subject to asset performance, macroeconomic factors, and regulatory changes.