APA Group (ASX:APA) delivered its financial performance for the half-year ended Dec. 31, 2025, characterised by surging profits and a significant expansion of its organic growth pipeline.
The energy infrastructure giant reported an underlying EBITDA of $1.09 billion, marking a 7.6% increase over the previous period.
The growth was fueled by inflation-linked tariff escalations and contributions from major new assets, including the Kurri Kurri Lateral Pipeline and the Port Hedland Solar and Battery Project.
The company’s strategic focus on "simplifying the business" has already paid dividends, with corporate costs dropping by 13.6%.
The cost discipline helped drive statutory net profit after tax to $95 million, a sharp climb from the $34 million reported in H1 FY25.
APA has reaffirmed its full-year EBITDA guidance, with CEO Adam Watson noting that the company now expects to exceed the midpoint of that range.
The company has upscaled its FY26–FY28 organic growth pipeline from $2.1 billion to approximately $3 billion and is progressing Stage 3 of its East Coast Gas Grid Expansion.