Advanced Engineered Materials and AGL Energy Report Sales and Earnings Updates
Advanced Engineered Materials expects a sales rebound to 40t-60t of high-purity alumina in December after a soft June half. AGL Energy's FY26 results, while lower year-on-year, surpassed forecasts, but challenges in its Retail Transformation Program pose risks.
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Advanced Engineered Materials reported June-half sales of 12.5 tons of high-purity alumina, below expectations, but anticipates an increase to 40-60 tons in the December half. The company aims to reach a capacity of 2,000 tons per annum of 4N-plus product by the end of 2027, though sales from its 1,000 tons per annum 3N-plus line are now delayed until mid-2028.
AGL Energy's FY26 results improved over forecasts despite being lower than the previous year. The midpoint of FY27 guidance for underlying NPAT is projected to exceed market expectations by 3.5%. However, the Retail Transformation Program's investment needs and delayed benefits could impact future earnings.
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