AGL Energy (AGL) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional land owners, and outlined meeting protocols, including hybrid attendance and voting procedures.

• Quorum confirmed, meeting declared open, and agenda set, including board introductions and voting on resolutions.

Financial performance review

• FY 2025 underlying net profit after tax was AUD 640 million; underlying EBITDA was AUD 2.01 billion, in line with guidance.

• Final FY 2025 dividend declared at AUD 0.25 per share, fully franked, totaling AUD 0.48 per share for the year.

• Share price declined by approximately 10% post-results, attributed to FY 2026 guidance and ongoing investment impacts.

• FY 2026 guidance: underlying EBITDA between AUD 1.92–2.22 billion; net profit after tax between AUD 500–700 million.

Board and executive committee updates

• Betsy Donaghey nominated for election as non-executive director; Kerry Schott retiring after three years of service.

• Board and executive team introduced, including new Chair and CEO.