Ampol Limited (ALD) Earnings Call Transcripts

Ampol Limited's Latest Earnings Call - May 14, 2026

In the 2025 fiscal year, Ampol Limited reported a significant improvement in group earnings, with RCOP EBITDA rising to $1.4 billion and RCOP EBIT increasing to $947 million, both up over 30% year-over-year. However, statutory net profit after tax fell to $82.4 million, a 33% decline, primarily due to one-off significant items. Management indicated strong performance in early 2026, particularly in refining and trading, with a notable increase in the Lytton refiner margin, signaling potential for continued earnings growth amid ongoing geopolitical challenges.

Reported metrics

Guidance from management

Management remains confident in the company's strategy and capabilities, particularly in navigating geopolitical challenges. They expect continued strong performance in refining and trading, with a focus on maintaining safety and reliability.

What management said

Good morning, and welcome to the 2026 Annual General Meeting of Ampol Limited. My name is Steve Gregg, and it's an honor to be your Chairman. As a result of the proxies I hold as Chairman, we have a quorum present, so I declare this meeting open. I'd like to begin by welcoming and inviting Mr. Ron West to the stage for an acknowledgment of country. Welcome, Ron.

Thanks, Matt. Well spoken. I would now like to open the meeting to general questions, if I could. There will be an opportunity to ask questions about each resolution later in the meeting before going to the voting outcomes of each resolution. A reminder, we will first take questions here in the room. We will then go to the MUFG online platform for questions. And finally, we will take questions from the web phone if w...

What analysts pressed on

Analysts expressed concerns regarding the drop in statutory earnings per share despite improved profitability metrics. There were questions about the sustainability of margins and the impact of geopolitical events on future earnings.

Main topics on the call

• Strong Financial Performance — Ampol reported RCOP net profit after tax of $429 million, up more than 80% year-over-year, despite a statutory net profit decline due to significant items. Management stated, "Group RCOP EBITDA was at $1.4 billion and gr...
• Lytton Refinery Performance — The Lytton refinery returned to profitability in the second half of 2025, producing approximately 5.5 billion liters despite challenges. CEO Matt Halliday noted, "Refinery production was up 10% on the prior corresponding...
• Geopolitical Impact on Operations — Ongoing conflict in the Middle East has disrupted global oil markets, leading to higher fuel prices. Halliday emphasized the importance of secure supply, stating, "The recent elevated refiner margins reflect tight global...
• Acquisition of EG Australia — Ampol is pursuing the acquisition of EG Australia, which is expected to enhance its retail network and be earnings accretive. Management highlighted, "The transaction is expected to be earnings and free cash flow accreti...

Read the full Ampol Limited transcript (May 14, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 21 Ampol Limited earnings call transcripts on record, spanning February 24, 2020 to May 14, 2026. Based on this history, Ampol Limited reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ALD

Exchange

ASX

Country

AU

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

21

First call

February 24, 2020

Most recent

May 14, 2026

Reporting cadence

quarterly