Australian fuel retailer Ampol slumps on sharp fall in refining margins

Ampol

23/02/2026 04:34

** Shares of fuel retailer Ampol ALD.AX fall as much as 4.7% to A$27.62

** Stock logs biggest intraday pct fall since August 14, 2025

** Stock hits lowest level since January 29

** Co posts full‑year RCOP NPAT from continuing operations of A$429.2 million ($303.40 million),  slightly above Visible Alpha consensus of A$428.5 million

** However, refining margins at Lytton refinery in Queensland falls to $8.13 per barrel in January from $15.14 in final quarter of 2025

** Investors are focused on the sharp drop in Lytton refining margins... a signal that peak refining conditions may already be behind us, said Greg Boland, market strategy consultant at Moomoo Australia

** Co declares final dividend of 60 Australian cents apiece higher than 5 AU cents last year

** Stock down around 11% this year, including the day's move

($1 = 1.4146 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))