Ampol Ltd. posts a robust 32 % jump in 2025 operating profit amid refinery gains
Ampol Limited (ASX: ALD) has announced that its 2025 financial year saw a 32 % rise in Replacement Cost Operating Profit (RCOP) EBIT, reaching $947 million from $715 million in 2024. The company’s RCOP EBITDA for the same period hit $1.44 billion, reflecting a strengthening of both refining margins and retail resilience.
Core drivers of the profit surge
- Refining margins improved significantly, as the company’s Lytton refinery regained full capacity after a brief period of downtime. Higher crude prices and increased demand for high‑value products have lifted the refinery’s throughput margins.
- Retail resilience: Ampol’s petrol and convenience network continued to perform well despite a competitive market, with steady traffic volumes at service stations across Australia. This resilience translated into higher retail revenue and stronger contribution margins.
- Strategic deals: The company’s European Gas (EG) deal advanced, creating additional revenue streams and diversifying its fuel portfolio. The progression of this transaction is expected to further bolster earnings in the coming years.
Earnings profile
| Metric | 2025 | 2024 | Change |
|---|---|---|---|
| RCOP EBITDA | $1.44 billion | $1.11 billion | +30 % |
| RCOP EBIT | $947 million | $715 million | +32 % |
| NPAT (statutory) | $82.4 million | $58.3 million | +41 % |
| Group NPAT | $429 million | $260 million | +65 % |
The company’s statutory Net Profit After Tax attributable to the parent rose to $82.4 million, a 41 % increase, while the group NPAT reached $429 million, reflecting a 65 % jump in overall profitability.
Dividend announcement
In line with its improved financial performance, Ampol declared a dividend of AUD 0.60 per ordinary fully paid share. The ex‑date for the dividend is 6 March 2026. This payout signals confidence in the company’s cash‑generating capacity and offers shareholders a tangible return amid a broader market environment that has seen Australian shares dip 0.4 % on the day.
Market context
The ASX 200 index fell 0.4 % to 9,045.7 on the day of the announcement, influenced by broader risk‑aversion after President Donald Trump’s announcement of a 15 % temporary tariff on imports. While energy stocks, including Ampol, were dragged lower by the general market sentiment, the company’s robust earnings narrative stands out as a bright spot in an otherwise cautious environment.
Strategic outlook
Ampol’s management highlighted that the company is positioned to further leverage its refining footprint and retail network. With the Lytton refinery operating at optimal capacity and the European Gas deal progressing, the company anticipates sustaining high operating margins and enhancing shareholder value through continued dividend payouts.
In summary, Ampol Ltd. demonstrates a decisive rebound in profitability driven by refining and retail strength, setting a solid foundation for future growth while offering shareholders an attractive dividend in an uncertain market landscape.
