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Origin Energy Limited (ASX:ORG)

ALERT: Price-sensitive ASX Announcement for ORG
Current share price for ORG : $11.990 0.73 (6.48%)+
Announcement
Release
13 Aug 2026 8:18AM
Price at Release
$11.260
Full Release
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Summary
Origin Energy Limited's FY26 investor presentation highlighted a decrease in underlying EBITDA to $3,220 million and an increase in Adjusted Free Cash Flow to $2,074 million. The company maintained its dividend at 60 cents per share for the year. Key achievements include growth in customer accounts, successful battery project operations, and the completion of Kraken Technologies' and Octopus Energy's legal separation. Despite challenges from lower LNG prices, Origin received substantial dividends from APLNG. Looking ahead to FY27, Origin provides guidance for stable gross profits and significant growth in Kraken Technologies' revenue, supported by a strong balance sheet.
Key Points
  • Origin Energy reported an underlying EBITDA of $3,220 million for FY26, a decrease from $3,411 million in FY25.
  • Adjusted Free Cash Flow increased to $2,074 million, compared to $1,207 million in the previous year.
  • A fully franked final dividend of 30 cents per share was declared, maintaining the total dividend at 60 cents per share for the year ended 30 June 2026.
  • The company achieved significant growth in customer accounts and operational improvements in its battery projects.
  • Origin's share of APLNG's EBITDA decreased due to lower LNG prices and volumes, although the company received $911 million in fully franked dividends from APLNG.
  • The legal separation of Kraken Technologies and Octopus Energy was completed, allowing them to pursue independent growth paths.
  • Origin expects stable electricity and gas gross profits in FY27, supported by battery ramp-up and ongoing contract price reviews.
  • Guidance for FY27 includes a targeted Energy Markets EBITDA of $1,550-$1,850 million and Kraken Technologies' revenue growth exceeding 20%.
  • Origin's balance sheet remained strong with adjusted net debt/EBITDA at 1.6x, below the target range of 2-3x.
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.