Origin Energy Limited ( (OGFGF) ) has released its Q4 earnings. Here is a breakdown of the information Origin Energy Limited presented to its investors.
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Origin Energy Limited is a leading integrated energy company in Australia, operating in retail, power generation, and natural gas production, with a significant investment in Octopus Energy. In its latest earnings report, Origin Energy reported a statutory profit of $1,481 million for FY25, an increase from the previous year, driven by higher earnings from Integrated Gas and LNG trading. The company also saw a rise in underlying profit to $1,490 million, attributed to a reduction in income tax expenses. Key operational highlights include the growth of customer accounts by 104,000, advancements in battery projects, and significant contributions to the domestic gas market. Despite challenges in the energy transition, Origin Energy remains optimistic about future opportunities and is committed to achieving net zero emissions by 2050. Looking forward, the company expects stable electricity gross profit and moderate improvements in gas gross profit, while continuing to focus on cost reductions and strategic investments in renewable energy and storage solutions.