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Ampol Limited (ASX:ALD)

ALERT: Price-sensitive ASX Announcement for ALD
Current share price for ALD : $36.030 -6.98 (-16.23%)+
Announcement
Release
19 Oct 2026 8:25AM
Price at Release
$43.010
Full Release
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Summary
Ampol’s 3Q 2026 trading update reported growth in Group RCOP EBIT versus the 2H 2025 quarterly average, supported by strong integrated supply chain performance, elevated regional refining margins, favourable supply optimisation and trading conditions, and continued earnings growth in Convenience Retail, including contributions from the EG Australia acquisition; the core Ampol network delivered double-digit shop sales growth, improved shop gross margin and average basket value, while retail fuel margins remained broadly in line with the prior corresponding period, and New Zealand conditions were broadly consistent with the first half. Total Group sales volume for the quarter rose 3.6% to 6,245 ML, with Convenience Retail up 45% and International up 23%, partly offset by lower Australian wholesale and New Zealand volumes. Lytton’s 3Q 2026 Refiner Margin increased to US$23.92/bbl from US$10.64/bbl a year earlier despite the planned turnaround and inspection, though refinery production fell 9.2% to 1,137 ML. During the turnaround, Ampol identified additional FCCU refractory relining and brought forward crude unit maintenance to improve reliability and support fuel availability through 2027, with no expected customer supply impact, but with around 150 ML less higher-value product output in 4Q 2026 than previously expected. The Ultra Low Sulfur Fuels project commissioning is now expected in 1Q 2027 with no material earnings impact and unchanged capex outlook. Ampol also noted its proposed acquisition of Evie Networks, announced on 1 October 2026 and subject to ACCC clearance, as part of its e-mobility strategy, while stating that recent Middle East geopolitical tensions and fuel supply constraints remain net favourable for its integrated supply chain.
Key Points
  • Group RCOP EBIT grew in 3Q 2026 compared with the 2H 2025 quarterly average.
  • The result was supported by strong integrated supply chain performance and favourable market conditions.
  • Convenience Retail earnings improved, with double-digit headline shop sales growth in the core Ampol network.
  • Retail fuel margins were broadly in line with 3Q 2025 despite rising fuel input costs.
  • EG Australia contributed to Convenience Retail earnings and integration is progressing to plan.
  • The first U-GO conversion was completed in early October 2026.
  • Total Group sales volume increased 3.6% in 3Q 2026 to 6,245 ML.
  • Convenience Retail volumes rose 45% in the quarter, while International volumes increased 23%.
  • Australian wholesale volumes and New Zealand volumes declined versus 3Q 2025.
  • The 3Q 2026 Lytton Refiner Margin was US$23.92 per barrel, more than double the prior corresponding period.
  • Refinery production was 1,137 ML during the quarter, reflecting the planned turnaround and inspection.
  • Ampol identified additional FCCU refractory relining and brought forward crude unit maintenance during the turnaround.
  • The FCCU restart is expected in mid-November 2026.
  • Production of higher-value products in 4Q 2026 is expected to be about 150 ML lower than previously anticipated.
  • Customer fuel supply is not expected to be affected by the additional maintenance work.
  • Commissioning of the Ultra Low Sulfur Fuels project is now expected in 1Q 2027.
  • Ampol said the timing change for the Ultra Low Sulfur Fuels project is not expected to have a material earnings impact and capex guidance is unchanged.
  • Ampol announced the proposed acquisition of Evie Networks on 1 October 2026, subject to ACCC clearance and expected completion in 1H 2027.
  • Battery electric vehicle sales in Australia were 76,898 in 3Q 2026, with 12-month sales to 30 September 2026 up 112% year on year.
  • Ampol said recent Middle East geopolitical tensions and fuel supply constraints remain net favourable for its integrated supply chain.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.