Ampol Limited (OTC: CTXAY) Reports Record Half-Year Profit as Refining Margins Surge

• Ampol Limited (OTC: CTXAY) reported replacement-cost operating net profit after tax of A$857.2 million for the first half of 2026, up 376% from a year earlier.
• Statutory net profit after tax was A$1.36 billion, while revenue increased to A$20.4 billion for the six months ended June 30, 2026.
• Strong refining margins at Ampol’s Lytton refinery and improved fuel-and-infrastructure earnings drove the result, while convenience-retail earnings rose 12%.

Ampol Limited (OTC: CTXAY) is an Australian transport-fuels and convenience retailer. Its operations include the Lytton refinery in Queensland, fuel import and distribution activities, convenience retail sites, and operations in New Zealand through Z Energy.

On August 24, 2026, Ampol released its results for the six months ended June 30, 2026. The company reported replacement-cost operating net profit after tax, excluding significant items, of A$857.2 million, compared with A$180.2 million in the prior-year period. This represented a 376% increase.

Ampol’s statutory net profit after tax attributable to shareholders was A$1.36 billion, compared with a statutory loss of A$25.3 million a year earlier. Revenue rose to A$20.4 billion, from A$15.2 billion in the first half of 2025.

The result was supported by exceptional refining conditions. Ampol’s Lytton refinery margin more than tripled to US$28.26 per barrel, helping fuel-and-infrastructure replacement-cost operating earnings before interest and tax rise to A$1.13 billion from A$118.3 million a year earlier. Convenience-retail earnings before interest and tax increased 12% to A$204.5 million.

Ampol declared a fully franked interim dividend of 185 Australian cents per share, up from 40 cents in the prior-year period. The company also completed its acquisition of EG Australia, which it expects to support further retail growth and generate annual synergies of A$65 million to A$80 million by 2027.

The company noted that the unusually strong results were aided by Middle East-related disruption in global oil and refined-product markets. Its future performance may be affected if refining margins normalize, while a planned Lytton refinery turnaround is expected to continue into October.

Ampol reported net borrowings of A$3.52 billion at June 30, 2026, including the impact of the EG Australia acquisition, and stated that it had A$5.8 billion in committed facilities with leverage of 1.8 times.