Australia's Origin hits near 11-year high on robust FY results, strong outlook

Origin Energy

14/08/2025 04:55

Updates

** Shares of Origin Energy ORG.AX rise as much as 7.4% to A$12.720, their highest level since early-November 2014

** Stock marks biggest intraday pct gain since February 22, 2023; among top gainers on the benchmark ASX200 index .AXJO

** Energy retailer posts 26% rise in FY underlying profit due to lower income tax expense

** Forecasts FY26 EBITDA for energy markets (EM) division to be between A$1.4 bln ($917.42 mln) and A$1.7 bln, compared with A$1.4 bln posted in FY25

** Jefferies says FY26 EM EBITDA forecast is slightly above the VA consensus of A$1.5 bln at the midpoint, as Octopus Energy is also expected to return to profit

** ORG holds nearly 23% stake in Octopus Energy, according to co' s 2024 annual report

** Jefferies says the wide forecast range should be viewed in context of strong FY25 delivery tracking towards the top of guidance range

** ORG declares final dividend of 30 AU cents apiece vs 27.5 AU cents/share last year

** Stock last up 4.3%, taking YTD gains to 13.3%

($1 = 1.5260 Australian dollars)

 (Reporting by Sneha Kumar and Kumar Tanishk in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com))