Full Year 2025 Ampol Ltd Earnings Call Transcript
Key Points
- Ampol Ltd (CTXAY) reported a significant increase in EBIT, up more than 30%, and NPAT, up more than 80% compared to the previous year.
- Convenience retail continued its growth trajectory, with EBIT up 4.8% year-on-year, demonstrating the strength of Ampol Ltd (CTXAY)'s retail model.
- The company's focus on premium fuels has been successful, with premium fuels now representing 56.5% of retail fuel volumes, supporting higher fuel margins.
- Ampol Ltd (CTXAY) has returned leverage to within its target range, positioning the company well for strategic priorities, including the proposed acquisition of EG Australia.
- The board declared a final dividend of $0.60 per share, fully franked, reflecting confidence in the sustainability of earnings and the balance sheet.
- Australian wholesale volumes were down 2.6%, primarily in third-party retail sales channels, indicating a potential loss of market share.
- The company faced significant inventory losses, with $136 million in after-tax inventory losses due to adjustments in refined product prices.
- Ampol Ltd (CTXAY) recognized a non-cash impairment of $90 million on its investment in Sea Oil, reflecting tempered growth expectations in the Philippines market.
- The company is experiencing increased geopolitical uncertainties, leading to significant volatility and impacting risk and margin management.
- CapEx remains high, with a forecast of $600 million for 2026, driven by investments in safety, reliability, and growth opportunities, which may pressure cash flow.
Thank you for standing by And welcome to the ample Limited full year 2025 results briefing. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. If you wish to ask a question, you will need to press the star key, followed by the number one on your telephone keypad. I would now like to hand the conference over to Mr. Matt Halliday, managing director and CEO. Please go ahead.
Thank you. Good morning. My name is Matt Halliday, I'm the managing director and CEO of Ampole Limited. Welcome to our 2025 4 year results goal. During the press of the documents lodged with the ASX this morning. And before beginning, I'd draw your attention to the notice on slide 2. I'm joined by our CFfo Greg Barns, who will discuss the financial results in more detail. I'll start on slide 4 In 2025, personal safety performance in convenience retail Anz continue to trend at close to historical best levels. And as we said at the half, while we did
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