Origin Energy Limited (ORG.AX, OGFGF.PK) reported that its Australia Pacific LNG revenue for the March 2025 quarter was 5 percent lower than the prior year, at A$2.427 billion.
Quarterly Australia Pacific LNG production was 167.1 PJ down 5 percent from the prior year.
Electricity sales volumes for the quarter increased 1 per cent compared to the March 2024 quarter.
Gas volumes increased 13 per cent compared to the March 2024 quarter, largely driven by higher business volumes on higher trading sales, partly offset by lower gas to generation due to the Pelican Point contract roll-off and lower demand for gas generation.
Octopus Energy's retail business added more than 674,000 net customer accounts in the quarter across both the UK and international businesses. Octopus Energy is the largest energy retailer in the UK with 7.5 million customers, as well as more than 2.3 million customers internationally.
Origin said it received a fully franked dividend of A$185 million in March 2025 from Australia Pacific LNG, taking full year distributions to A$797 million fully franked.
Origin noted that it does not expect to receive further cash distributions from Australia Pacific LNG in fiscal year 2025 and expects all fiscal year 2026 dividends to be fully franked. This supersedes prior guidance that the second-half of fiscal year 2025 dividends would be less than 50 per cent franked.
For comments and feedback: editorial@rttnews.com