Strong Earnings and Customer Growth
AGL reported strong earnings in line with expectations, with good growth in customer services across energy, telecommunications, and Netflix. Customer satisfaction remains high with a strategic NPS score of +3.
Energy Portfolio Transition and Expansion
AGL's thermal fleet availability factor was lower due to planned outages, but investments in availability and flexibility are expected to drive stronger performance. The development pipeline has grown to 7 gigawatts, with new firming options added.
Financial Performance and Dividend Declaration
Underlying EBITDA was broadly flat, and an interim ordinary dividend of $0.23 per share was declared, fully franked. The company narrowed its FY '25 financial guidance ranges due to strong first-half performance.
Improved Safety and Employee Engagement
Total injury frequency rate improved to 2.8 per million hours worked, with an employee engagement score steady at 72%.
Investment in Renewable and Flexible Energy Technologies
AGL is targeting final investment decisions on 1.4 gigawatts of grid-scale battery projects within the next 12 to 18 months. The Liddell Battery is on track to commence operations in early 2026.