AGL Energy Limited ( (AU:AGL) ) has issued an update.
AGL Energy Limited reported a 15.3% increase in revenue to $7,132 million for the half-year ended 31 December 2024. However, their statutory profit after tax plummeted by 83.2% to $97 million, while the underlying profit decreased by 6.5% to $373 million. The decline in statutory profit was significantly influenced by a $245 million loss from significant items and a $31 million loss from changes in financial instruments’ fair value. Despite these challenges, AGL continues to prioritize its transition towards a sustainable energy future, aligning with its Climate Transition Action Plan.
More about AGL Energy Limited
AGL Energy Limited is an Australian company with a long history of over 185 years, supplying energy, telecommunications, and Netflix services to approximately 4.5 million customers. It operates the largest private electricity generation portfolio in Australia, with a mix of coal, gas, renewable energy sources, and storage assets. AGL is focused on transitioning to a lower emissions, affordable, and smart energy future, while continuously innovating to enhance essential services for Australians.
YTD Price Performance: 4.03%
Average Trading Volume: 1,814
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.95B
For a thorough assessment of AGL stock, go to TipRanks’ Stock Analysis page.