APA Group Achieves Robust FY24 Financial Growth

APA Group (AU:APA) has released an update.

APA Group reports a strong financial performance in FY24, with a 9.7% increase in underlying EBITDA and a 1.8% rise in distributions per security, boosted by new assets like the Pilbara Energy System. The company also saw progress in key energy projects, contributing to its growth strategy and energy transition goals. Looking ahead, APA Group projects a distribution growth to 57.0 cents per security and an EBITDA of $1,960 million to $2,020 million for FY25.

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