Australia's AGL Energy hits 1-yr low on weak annual results, outlook

AGL Energy

13/08/2025 04:44

Updates

** AGL Energy AGL.AX falls as much as 14.9% to A$8.7; their largest intraday pct since mid October 2007

** Stock hits lowest since April 16, 2024

** Power producer forecasts FY26 underlying profit between A$500 mln-A$700 mln ($326.30 mln-$456.82 mln)

** Midpoint of profit estimate misses Visible Alpha consensus estimate of A$667.8 mln

** Co reports FY25 underlying earnings of A$640 mln, below Visible Alpha estimate of A$653.2 mln and last year's A$812 mln

** Cites higher operating and finance costs, lower margins due to intense competition

** UBS calls result "softer than expected" adds downbeat outlook implies higher-than-expected depreciation and amortisation costs as well as interest costs on rising net debt

** YTD, AGL falls 20.6%, including the day's moves

($1 = 1.5323 Australian dollars)

 (Reporting by Rishav Chatterjee and Nikita Maria Jino in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))