Australia's AGL logs best day in over 2 years as FY profit outlook tops estimates

AGL Energy

10/02/2026 23:44

** Shares of power producer AGL Energy AGL.AX advances as much as 8.25% to A$9.580, posting their biggest intraday pct gain since early February 2024

** Hits its highest since December 4, 2025

** Co sees FY underlying net profit after tax to be between A$580 million and A$680 million ($410.23 million and $480.96 million), above Visible Alpha consensus estimate's midpoint of A$589.5 million

** HY underlying profit came in at A$353 million, below last year's A$377 million yet beating the A$307.4 million Visible Alpha estimate

** Says forecast reflects stronger HY consumer margins alongside lower-than-expected operating costs and depreciation

** Over 2.6 mln shares change hands, 1.3x 30-day avg

** Stock up 1.3% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))