Origin Energy Ltd Ord (OGFGF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to the Origin Energy results presentation for the 2025 financial year. It's Frank Calabria here and I'm joined by my executive leadership team and we have a brief presentation followed by questions and answers. And you'll also note that we have provided additional information in the appendices for your review. Slide two provides a summary of the financial performance and business highlights for the year and I think underscores the strength of our portfolio. Energy markets, EBITDA of $1.404 billion is ahead of guidance. APLNG production of 682 petajoules at a cost of $4.20 a gigajoule is in line with guidance. LNG trading is at the top end of guidance with trading gains of $441 million. And Octopus EBITDA is at a loss of $88 million. It's within guidance and reflects the investment in its rapid global growth. but also some unseasonably warm weather and one-off adjustments. There are several business highlights for the year. Our customer accounts grew by 104,000, cost to serve reduced by 50 million. We have strong generation performance, and I'll talk to that later. Battery developments are on track, and Yanko Delta Wind Farm has secured access rights. We received $797 million of dividends from APLNG during the year and then a further $335 million on the 3rd of July 2025 and those are all fully franked. Our 2p reserves are up by 298 petajoules before production. The Sinopreg price review is concluded with the final review in 2030 at APLNG's discretion. and Octopus continued its rapid growth. The UK energy customers grew by 13% to 7.6 million. Customers in the non-UK energy markets have doubled to 2.7 million and Kraken Technologies contracted customers have grown by 45% to 74 million. Very pleased to say that we've determined a final f...