AGL Energy Limited (AGK.AX, AGLNF.PK) reported that its profit attributable to the shareholders of the company for the six months ended 31 December 2024 dropped to A$97 million or 14.4 cents per share from A$576 million or 85.4 cents per share in the same period last year.
The latest period results included A$245 million loss after tax treated as significant items and a loss of A$31 million after tax from the changes in the fair value of financial instruments. Excluding the items, the Underlying Profit after tax was A$373 million, 6.5% down on the prior corresponding period.
But revenue for the period rose to A$7.13 billion from A$6.18 billion in the prior year.
The company declared an interim dividend of 23.0 cents per share, compared with 26.0 cents per share for the prior interim dividend. The dividend will be paid on 27 March 2025. The record date to determine shareholders' entitlements to the interim dividend is 26 February 2025.
AGL has narrowed its underlying earnings guidance ranges for fiscal year 2025. It now projects annual underlying EBITDA to be between A$1.935 billion and A$2.135 billion compared to the prior estimation of A$1.870 billion to A$2.170 billion.
Annual underlying net profit after tax is now expected to be between A$580 million and A$710 million compared to the prior outlook of A$530 million to A$730 million.
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