By Digifin Pty Ltd · About this coverage
Key Points
- FY26 statutory profit $1,574m, up from $1,481m; underlying profit $1,159m, down from $1,490m
- Underlying EBITDA $3,220m against $3,411m; adjusted free cash flow up $867m to $2,074m
- Fully franked final dividend 30 cents, taking FY26 dividends to 60 cents per share
- Energy Markets EBITDA $1,701m vs $1,404m; Integrated Gas EBITDA $1,620m vs $2,202m
- FY27 Energy Markets EBITDA guidance $1,550-1,850m; APLNG production 625-670 PJ (100%)
About Origin Energy (ASX:ORG)
Origin Energy Limited is an ASX-listed energy company headquartered in Sydney. It retails electricity, natural gas and internet services to Australian customers and operates electricity generation and battery storage assets. Origin also holds interests in the Australia Pacific LNG project in Queensland and in Octopus Energy and Kraken Technologies.
Origin Energy Limited (ASX:ORG) reported FY26 statutory profit of $1,574 million, up from $1,481 million in FY25, and underlying profit of $1,159 million, compared with $1,490 million, which it said reflects an expected reduction in commodity-linked earnings from Integrated Gas and higher depreciation and amortisation, partially offset by improvements in Energy Markets. Underlying EBITDA was $3,220 million compared with $3,411 million, with improvements in Energy Markets and Octopus Energy more than offset by a reduction in Integrated Gas driven by lower realised oil prices and lower LNG trading gains. Adjusted free cash flow increased by $867 million to $2,074 million, and adjusted net debt to adjusted underlying EBITDA was 1.6 times. The Board determined a fully franked final dividend of 30 cents per share, bringing total FY26 dividends to 60 cents per share, fully franked.
Energy Markets underlying EBITDA was $1,701 million compared with $1,404 million in FY25, with electricity gross profit of $1,608 million, natural gas gross profit of $612 million, 243,000 customer accounts added and cost to serve of $642 million against $698 million. Integrated Gas underlying EBITDA was $1,620 million compared with $2,202 million, with Australia Pacific LNG production of 668 PJ on a 100% basis, an average realised LNG price that decreased to A$13.64 per gigajoule and $911 million of fully franked dividends received by Origin, up from $797 million. Origin's share of Octopus Energy and Kraken Technologies underlying EBITDA was a loss of $8 million, an improvement on the $88 million loss in FY25, and Origin invested $210 million in Kraken's July 2026 equity raise, holding a 22.7% economic interest across both businesses. On the basis that market conditions and the regulatory environment do not materially change, Origin guided to FY27 Energy Markets EBITDA of $1,550 million to $1,850 million, Australia Pacific LNG production of 625 PJ to 670 PJ on a 100% basis and total Origin capital expenditure of $450 million to $650 million.
Source: Origin Energy Limited (ASX:ORG), 13 August 2026. Summary content supplied by Digifin Pty Ltd.
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