AGL Energy Limited (AGL) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the AGL Energy full-year results briefing conference call. All participants will be in listen-only mode. There will be a presentation followed by a question and answer session. I would now like to hand over the conference to Managing Director and Chief Executive Officer, Mr Damien Nix. Please go ahead. Good morning, everyone. Thank you for joining us for the webcast of AGL's full-year results for the financial year 2025. I'd like to begin by acknowledging the traditional owners of the land I'm on today, the Gadigal people of the Aurora Nation, and pay my respects to their Elders past, present and emerging. I'd also like to acknowledge the traditional owners of the various lands from which you are all joining. Today I'm joined by Gary Brown, Chief Financial Officer, Joe Egan, Chief Customer Officer and Marcus Brockoff, Chief Operating Officer. I'll get us started and we'll have time for questions at the end. This slide provides a good overview of the four key themes which Gary and I will cover today. Firstly, our strategic execution in FY25, with approximately $900 million deployed towards battery developments and strategic investments. CER and our demand-side flexibility portfolio advanced through the acquisition of South Australia's virtual power plant from Tesla in July, and excellent progress made on grid-scale battery developments. We've reached a final investment decision on the 500 megawatt Tomago battery, and encouragingly, the 500 megawatt Liddell battery remains on track for commencement of operations in early 2026. AGL also delivered strong results for the year, in line with guidance, which I'll cover shortly. Importantly, we continue to deliver for our customers. Amidst a year of heightened market activity, we incre...