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Ampol Limited
(Sydney:ALD)
Ampol Limited (ALD) vs. iShares MSCI Australia ETF (EWA)
Ampol Limited Business Overview & Revenue Model
Ampol Limited Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 31.00B | 34.85B | 37.75B | 38.25B | 20.88B |
| Gross Profit | 2.12B | 2.43B | 2.93B | 2.57B | 2.03B |
| EBITDA | 753.20M | 973.80M | 1.50B | 1.49B | 1.19B |
| Net Income | 82.40M | 122.50M | 549.10M | 795.90M | 560.00M |
Balance Sheet | |||||
| Total Assets | 12.70B | 12.87B | 12.81B | 13.33B | 8.85B |
| Cash, Cash Equivalents and Short-Term Investments | 57.90M | 123.90M | 300.60M | 126.00M | 566.30M |
| Total Debt | 5.28B | 4.08B | 3.69B | 3.61B | 2.26B |
| Total Liabilities | 9.25B | 9.29B | 8.84B | 9.28B | 5.51B |
| Stockholders Equity | 3.04B | 3.16B | 3.56B | 3.63B | 3.07B |
Cash Flow | |||||
| Free Cash Flow | 69.70M | 229.40M | 972.50M | 541.40M | 310.40M |
| Operating Cash Flow | 752.30M | 915.00M | 1.51B | 948.30M | 634.60M |
| Investing Cash Flow | -610.90M | -688.50M | -535.60M | -1.63B | -313.20M |
| Financing Cash Flow | -204.80M | -405.10M | -779.90M | 266.50M | -126.90M |
Ampol Limited Technical Analysis
Ampol Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$20.58B | 8.87 | 15.06% | 5.30% | 6.48% | 6.25% | |
70 Outperform | AU$57.88B | 10.61 | 8.51% | 7.16% | 17.13% | 61.35% | |
67 Neutral | AU$2.63B | 4.48 | -1.02% | 7.72% | 17.16% | 90.79% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | AU$23.59B | 15.76 | 6.59% | 6.00% | -5.81% | -17.90% | |
46 Neutral | AU$7.04B | 92.34 | -4.22% | 1.40% | -15.39% | -119.57% | |
43 Neutral | AU$3.06B | -7.78 | -18.38% | 3.21% | 8.16% | -311.36% |
Ampol Limited Corporate Events
Ampol Limited has released its 2025 Corporate Governance Statement, together with an accompanying Appendix 4G, to the market. The filing underlines the company’s ongoing adherence to governance standards expected of ASX-listed entities and provides investors with updated transparency on its governance framework.
The statement’s publication signals Ampol’s continued focus on structured oversight, board accountability and regulatory compliance. It also reinforces the company’s efforts to maintain strong investor confidence, aligning its governance practices with contemporary expectations around disclosure and corporate responsibility.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$36.80 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has lodged its 2025 Annual Report with the ASX, providing shareholders and the market with its detailed financial and operational performance for the year. The release, authorised by the board, formalises the company’s annual disclosure process and offers investors comprehensive information to assess Ampol’s current position and outlook within the Australian energy and fuel market.
The publication of the 2025 Annual Report is a key step in Ampol’s governance and transparency obligations, supporting engagement with both institutional and retail investors. While the brief announcement contains no financial metrics, the full report is expected to inform stakeholder views on the company’s strategy, risk profile, and competitive stance in a changing fuels and energy landscape.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$36.80 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has declared an ordinary fully paid dividend of AUD 0.60 per share, relating to the six‑month period ended 31 December 2025. The ex‑dividend date is set for 6 March 2026, with a record date of 9 March 2026 and payment scheduled for 2 April 2026.
The announcement underscores Ampol’s continued capital returns to shareholders and signals confidence in its recent financial performance. The timing and size of the dividend are likely to be closely watched by investors as an indicator of cash generation and balance‑sheet strength in a competitive fuel retailing market.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$36.80 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has released its results presentation for the full year ended 31 December 2025, outlining financial and operational highlights for the group. The document provides a high-level overview of the company’s performance and offers management’s perspective on the outlook for 2026 and subsequent years, signalling key themes and expectations that will shape its near-term strategic direction.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$36.80 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited reported a 10.1% decline in revenue from ordinary activities to $31.37 billion for the year to 31 December 2025, while statutory profit after tax attributable to shareholders fell 32.7% to $82.4 million. However, on a replacement cost basis excluding significant items, profit surged 82.8% to $429.2 million, lifting return on equity on this measure to 12.4% and prompting the board to declare a fully franked final dividend of 60 cents per share despite the weaker statutory result.
The company’s net tangible asset backing per share edged up to $7.66 from $7.49, indicating a modest strengthening of the balance sheet. The contrasting trends between statutory earnings and replacement cost operating profit highlight the impact of oil price and inventory movements on headline results and underscore Ampol’s focus on underlying performance for assessing returns to shareholders.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$36.80 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol reported a sharp improvement in refining economics in the fourth quarter of 2025, with its Lytton Refiner Margin jumping to US$15.14 per barrel on the back of stronger middle distillate cracks and global refinery outages layered over tighter Russian sanctions, enabling the refinery to lift production by 1.0% to 1,558 million litres. For the 2025 financial year, the company expects unaudited Group RCOP EBITDA of about $1.435 billion and RCOP EBIT of roughly $945 million, underpinned by mid-single-digit EBIT growth in its Australian convenience retail arm, a resilient New Zealand result despite a weak economy, high single-digit EBIT growth from its F&I Australia operations despite lower wholesale volumes, and a modest profit from F&I International as it prioritised supply into the group’s Australian and New Zealand networks.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol has confirmed that the Australian Competition and Consumer Commission will move to a Phase 2 review of its proposed acquisition of EG Australia under the country’s new merger control regime, following preliminary indications that competition issues could arise. The extended, in‑depth assessment—expected to take up to 90 business days—introduces additional regulatory scrutiny but Ampol says it remains confident and still expects the transaction to complete around mid‑2026, a timeline that is important for its plans to expand its retail fuel footprint and competitive position in the Australian convenience and fuel market.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
The Australian Competition and Consumer Commission has escalated Ampol Retail Holding’s proposed acquisition of EG Group’s Australian operations to a Phase 2 review under the country’s new mandatory merger control regime, citing concerns that the deal could significantly reduce competition in fuel retailing. Regulators say combining the two large fuel retailers may substantially lessen competition at 115 EG sites and across metropolitan Brisbane, Canberra, Melbourne and Sydney, and have deemed Ampol’s offer to divest 19 sites insufficient, signaling potential delays, additional remedies or even possible blockage of the transaction with implications for fuel prices, market structure and investors watching the first major test of the new merger rules.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has notified the market of the lapse of 39,974 performance rights, recorded as ALDAO securities on the ASX, effective 31 December 2025. The cessation results from the relevant vesting conditions not being met or no longer being capable of being satisfied, slightly reducing the company’s potential future issued capital and signalling that specific performance hurdles tied to this equity incentive tranche were not achieved.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has issued 10,020 new fully paid ordinary shares following the conversion of previously unquoted options or other unquoted convertible securities, effective 31 December 2025. The modest increase in share capital reflects ongoing execution of Ampol’s equity-based arrangements and slightly dilutes existing shareholders, while signalling continued utilisation of long-term incentive or conversion structures as part of its capital and remuneration framework.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has notified the market of the issue of unquoted equity securities under its employee incentive schemes, comprising 6,723 performance rights and 62,653 share rights with an effective issue date of 31 December 2025. The allocation of these rights, which are not intended to be quoted on the ASX, forms part of Ampol’s broader remuneration and incentive framework aimed at aligning employee and executive interests with long-term shareholder value, signalling ongoing use of equity-based incentives to support talent retention and performance across the business.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has announced it will redeem in full its A$500 million subordinated, unsecured notes due 2080 on the first optional redemption date of 9 March 2026. The redemption will be funded with proceeds from a new subordinated notes issue completed on 30 October 2025, effectively refinancing the existing hybrid-style debt and potentially optimising Ampol’s capital structure while maintaining access to long-term subordinated funding for its operations and growth plans.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has closed a A$500 million wholesale delayed-draw subordinated notes facility, backed by existing hybrid investors and anchored by a cornerstone commitment from Apollo Global Management credit funds. The innovative structure gives Ampol access to fully committed, long-dated funding, with the flexibility to draw the notes in up to two A$250 million tranches through to 31 January 2027, supporting its proposed acquisition of EG Australia, potential future hybrid refinancing and broader corporate funding needs in line with its capital allocation framework, reinforcing its proactive approach to balance sheet management and investor relationships.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has announced a new A$500 million delayed-draw subordinated notes facility as part of its capital management strategy. This facility, which includes a unique delayed-draw feature, provides Ampol with long-term funding flexibility and is linked to its proposed acquisition of EG Australia and future refinancing initiatives. The facility is expected to strengthen Ampol’s financial position and enhance its strategic operations, with institutional investors showing strong interest.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.
Ampol Limited has released a presentation for its upcoming US Investor Roadshow, providing an overview of its financial and operational highlights for the eleven-month period ending November 2025. The presentation outlines the company’s expectations for the future, emphasizing the uncertainties and risks inherent in the industry. The release aims to inform stakeholders about Ampol’s current performance and future outlook, although it does not constitute investment advice.
The most recent analyst rating on (AU:ALD) stock is a Buy with a A$35.00 price target. To see the full list of analyst forecasts on Ampol Limited stock, see the AU:ALD Stock Forecast page.