How Is Origin Energy (ASX:ORG) Placed Year to Date, and What Did Its FY26 Results Report?

Sonal Goyal

20 October 2026 12:47 PM AEDT

How Is Origin Energy (ASX:ORG) Placed Year to Date, and What Did Its FY26 Results Report?

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Key highlights

Origin Energy (ASX:ORG) shares are up approximately 6.35% year to date.
The 13 August 2026 release reports statutory profit of $1,574 million and underlying profit of $1,159 million, compared with $1,490 million.
The final dividend is 30 cents per share, taking the total to 60 cents, fully franked, and adjusted free cash flow rose to $2,074 million.

Origin Energy (ASX:ORG) is an Australian energy retailer and generator with an interest in Australia Pacific LNG and a stake in Octopus Energy. As at 19 October 2026, the shares are up approximately 6.35% year to date. On 13 August 2026, the company announced its full-year results for FY26, covering profit, EBITDA, cash flow, dividends, batteries and Octopus Energy and Kraken.

FY26 results

Statutory profit was $1,574 million, up from $1,481 million. Underlying profit was $1,159 million, down from $1,490 million, reflecting an expected reduction in commodity-linked earnings from Integrated Gas and higher depreciation and amortisation, partly offset by improvement in Energy Markets. Underlying EBITDA was $3,220 million, against $3,411 million. Adjusted free cash flow rose by $867 million to $2,074 million, and adjusted net debt to underlying EBITDA was 1.6 times.

Dividends and operations

The final dividend is 30 cents per share, fully franked, taking total FY26 dividends to 60 cents, fully franked. Retail added 243,000 customer accounts with cost-to-serve within the targeted range. Large-scale batteries of 1.3 GW and 4.1 GWh were operational as at August, out of a 1.8 GW development program.

Octopus Energy and Kraken

Octopus Energy grew customer accounts by 2.2 million to 19 million. Kraken Technologies delivered revenue growth of 19% and growth in contracted accounts of 21 million to 95 million, and it formally separated from Octopus Energy and completed a US$1 billion standalone equity raise in July.

Other points from the results release help explain the profit comparison. Statutory profit was higher than underlying profit because statutory results include items excluded from the underlying measure, while the lower underlying figure reflects an expected reduction in earnings tied to oil prices and LNG trading in Integrated Gas. Improvements in Energy Markets and at Octopus Energy partly offset that decline. The release describes the cost of serving retail customers as delivered within the targeted range and the net debt ratio of 1.6 times as driven by higher cash flow, including from Australia Pacific LNG and lower tax paid.

The battery program is described as a total development program of 1.8 GW, of which 1.3 GW and 4.1 GWh were operational at the time of the release. Kraken Technologies, which supplies software for energy retail platforms, was separated from Octopus Energy and raised US$1 billion in July as a standalone entity.

Reading the share price change

The share price of Origin Energy is up approximately 6.35% year to date. That figure measures price movement only. It does not include dividends or franking credits, and the exact amount depends on the start and end dates used, which is why it is described as approximate here. A share price that is approximately 6.35% higher over the period reflects market expectations and conditions across many factors at once, not only the company’s most recent results.

The results referred to in this article cover a period that ended before 19 October 2026 and were released on a different date to the share price figures quoted. For that reason, this article does not treat the share price change as a response to the announcement.

Sector backdrop

The S&P/ASX 200 (ASX: XJO) stood at 8,845.70 at 4:25 pm (GMT+11) on 19 October 2026, up 0.44%, or 39.00 points, for the day. On the sector map, Energy rose 2.16% and Utilities rose 0.38%. On the sector map for the session, Energy rose 2.16%, Industrials 0.93%, Financials 0.85%, Utilities 0.38% and Consumer Staples 0.25%, while Information Technology fell 1.35%, A-REIT 0.34%, Consumer Discretionary 0.18%, Telecommunication Services 0.16% and Health Care 0.13%.

Risks shareholders should weigh

Underlying profit and EBITDA fell year on year because of lower oil prices and LNG trading gains, and results remain exposed to commodity prices. Large battery and technology investments carry development risk.

What’s next

Origin will continue its battery development program and report on Octopus and Kraken in later updates.

FAQs

Q: What was FY26 underlying profit?

A:$1,159 million, compared with $1,490 million in FY25.

Q: What is the total FY26 dividend?

A:60 cents per share, fully franked.

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