Ampol Ltd. has reported a 376 per cent year-over-year increase in net profit attributable for the fiscal first half ended June 30, as its integrated supply chain delivered during global oil market disruptions triggered by conflict in the Middle East.
The company reported net profit of AU$857 million for the first half, up from AU$180.2 million in the first half of 2025. The company swung to statutory net profit for the half to A$1.36 billion, compared to a net loss of AU$25.3 million.
Ampol CEO Matt Halliday said the company’s supply capabilities were pivotal in keeping Australian fuel flowing when international supply chains came under pressure.
“The first half of 2026 was marked by the Middle East conflict and the consequential impact on the flow of oil and refined products around the world,” Halliday said.
“While the market dislocation provided a benefit to our financial results, our supply responsiveness, trading capabilities, refinery reliability, customer and supplier relationships as well as the progress of our retail segmentation strategy all enabled Ampol to meet its customers’ needs.
“In short, the underlying business performance improved across multiple segments as Ampol’s supply chain remained resilient, when less robust supply chains faltered.”
On the back of the strong financial performance, the board declared a fully franked interim dividend of 185 cents per share, more than quadrupling the 2025 interim payout.
Earnings were anchored by the fuels and infrastructure division, where RCOP EBITDA reached AU$1.22 billion. Tighter global refining capacity and elevated product margins drove the Lytton Refiner Margin to US$28.26 per barrel, while total production at the Brisbane refinery grew 8.7 per cent.
The half also marked the completion of Ampol’s acquisition of EG Australia for AU$1.165 billion, expanding its national retail footprint. In convenience retail, earnings rose 12 per cent to $204.5 million, supported by a 2.4 per cent increase in fuel volumes.
Looking ahead, Ampol expects ongoing volatility in global crude markets due to Middle East uncertainties and shipping constraints through the Bab-el-Mandeb Strait, but noted July trading earnings remained ahead of the prior corresponding period.
