AGL Energy Reports Strong FY24 Performance

AGL Energy Limited (AU:AGL) has released an update.

AGL Energy Limited has reported a robust financial performance for FY24, with Statutory Profit after tax reaching $711 million and Underlying EBITDA soaring by 63% to $2,216 million, signaling a positive outlook for investors. The company’s operational excellence and strategic investments, such as the Torrens Island Battery, have contributed to a surge in net profit and customer support initiatives. Looking ahead, AGL provides FY25 earnings guidance, projecting Underlying EBITDA between $1,870 and $2,170 million and Underlying Net Profit between $530 and $730 million.

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