TPC Consolidated (TPC) H2 2025 earnings summary

Executive summary

• Revenue grew 20.9% year-over-year to $193.1 million, driven by expansion in electricity and gas retailing despite unresolved takeover by Wollar Solar Holding Pty Ltd.

• Net profit after tax (NPAT) dropped 94.4% to $0.3 million due to extreme volatility in wholesale energy prices and increased operating expenses.

• The board did not declare a final dividend for FY25, though an interim dividend of 20 cents per share was paid.

• The proposed acquisition by WSH remains pending, with both parties supportive and awaiting regulatory approval.

Financial highlights

• Revenue: $193.1 million, up 20.9% from $159.8 million in FY24.

• Underlying EBITDA: $3.7 million, down 63.4% from $10.0 million in FY24.

• NPAT: $0.3 million, down 94.4% from $5.4 million in FY24.

• Gross profit and gain on derivatives: $29.4 million, down 10.2% year-over-year.

• Net assets: $29.5 million, down 13.1% from FY24.

• Cash and bank deposits: $24.2 million at year-end, up 15.4% year-over-year.

Outlook and guidance

• Management anticipates sustained growth in the energy business and expects to maintain profitability and cash flow in FY26.

• Strategic focus on partnerships, acquisitions, and organic growth to foster expansion.

• Virtual Power Plant (VPP) service and battery storage management to launch in FY26.