APA Group records $2.18B in full year profit
- APA Group reported an underlying EBITDA of $2.18 billion for fiscal year 2026, marking an 8.3% increase compared to the previous year.
- The company's share price saw modest movement following the morning earnings release and operational update.
- Management highlighted ongoing capital allocation towards a multi-billion-dollar organic growth pipeline and energy infrastructure demand.
APA Group (ASX:APA) delivered a financial report showing an underlying EBITDA of $2.18 billion for the full year ended June 30.
The performance exceeded the midpoint of previous guidance and followed an underlying EBITDA of $2.02 billion recorded in fiscal year 2025.
Statutory net profit after tax increased 81.4% to $234 million.
"$80 million in cost-out initiatives were delivered across the year, exceeding our target. Securityholder distributions again increased for the 22nd consecutive year," said APA Group CEO and Managing Director Adam Watson.
The board has resolved to pay a final distribution for FY26 of 30.5 cps, bringing total distributions for the year to 58 cps.
The business also reported that free cash flow increased by 3.2% to $1.18 billion, while enterprise-wide cost-out initiatives delivered $80 million in savings over the period.
Following the announcement, the APA Group share price was up at $10.10.
Underlying EBITDA guidance for FY27 is $2.26 billion to $2.34 billion, representing growth at the midpoint of 5.4% on FY26, supported by inflation-linked tariff escalation, contribution from the new Sturt Plateau Pipeline, conversion of Basslink to a regulated asset, and the annualised benefit of the enterprise-wide cost reduction initiatives.
The company continues to operate and manage a diverse portfolio of gas transmission pipelines, power generation assets, and energy infrastructure across Australia.
