APA Group (ASX:APA) has declared its financial results for the full year ended 30 June 2023, highlighting an underlying EBITDA increase of 2% standing at AU$1.725 billion, and a statutory net profit after tax growth of 10.4% at AU$287 million.
The FY23 full-year distribution was 55 cents per security, in line with guidance and 3.8% higher than FY22.
Despite this, their free cash flow decreased by 1% standing at AU$1.07 billion.
Additionally, the company continues to invest in infrastructure projects, including Basslink, East Coast Grid expansion, Northern Goldfields Interconnect project, and Dugald River Solar Farm.