Origin Energy Reports Mixed HY26 Results with Focus on Energy Markets and Battery Investments
Origin Energy Limited reported underlying EBITDA of $1,589 million for the half year ended December 31, 2025, down from $1,926 million in the prior period. The company declared a 30-cent per share dividend despite earnings pressure. Energy Markets division achieved $860 million in EBITDA, with customer growth and lower costs as key drivers. Significant investments in battery storage continue, with $1.8 billion aimed at 1.7 gigawatts of capacity. The company updated guidance for Energy Markets EBITDA to $1,550-$1,750 million, reflecting confidence in business resilience.
Theia Market Signal Identification - AI Assisted
Origin Energy Limited reported a half-year underlying EBITDA of $1,589 million for HY26, down from $1,926 million in HY25. The Energy Markets division generated $860 million in EBITDA, improving from $738 million, supported by 96,000 new customer accounts.
The company invested $1.8 billion in battery capacity, including a recently operational 460 MW Eraring Battery Stage 1 and an additional $80 million for Stage 2 expansion. APLNG earnings fell to $798 million, impacted by lower LNG prices. Adjusted free cash flow reached $705 million, with updated EBITDA guidance for Energy Markets set at $1,550 million to $1,750 million and APLNG production guidance at 645 to 680 petajoules for FY26.
Comments