AGL Energy is a yield story (@ 5.9%) which is supported by improving cash flow.
- Operating Free Cash Flow: $850 million, up +60% YoY.
- Dividends: Total FY26 dividend of 50 cents per share (Final dividend of 26 cps, fully franked).
FY27 Earnings Guidance & Outlook
Looking into FY27, management provided the following guidance:
- Expected Underlying EBITDA: $1.9 billion – $2.2 billion.
- Expected Underlying NPAT: $470 million – $670 million.
- Dividend Payout Ratio Target: 55% – 60% of underlying profit (fully franked).
