Highlights

  • ORG’s FY25 revenue rose 6.7% YoY to AUD 17.2 billion in FY25
  • FY25 profit attributable to shareholders increased 6.0% YoY, and underlying EBITDA declined due to lower electricity and gas margins
  • Kraken Technologies separation targeted by mid-2026

Origin Energy Limited (ASX:ORG), an Australia-based integrated energy company, reported higher revenue and profit for the 12 months ended June 2025 (FY25). In FY25, group revenue increased to AUD 17,224 million, up 6.7% from AUD 16,138 million in FY24. Profit attributable to shareholders rose 6.0% year-on-year to AUD 1,481 million.

EBITDA Trends and Key Financial Drivers

While revenue increased, underlying EBITDA declined compared to the previous year, reflecting lower electricity and natural gas gross profit. FY25 underlying EBITDA was reported at AUD 1,404 million, compared with AUD 1,655 million in FY24. Despite this decline, net profit after tax improved due to a lower income tax expense, following the shift of Australia Pacific LNG dividends from partially franked to fully franked.

Strategic Progress on Kraken Technologies Separation

In December 2025, Origin announced a series of transactions to support the growth and planned separation of Kraken Technologies Limited from Octopus Energy by mid-2026. Kraken is expected to raise USD 1 billion in its first standalone equity round, implying a valuation of USD 8.65 billion. The company plans to invest USD 140 million and waive platform exclusivity in Australia in exchange for an additional 1.5% equity stake, offsetting dilution. Following completion, Origin would retain a 22.7% economic interest in Kraken and Octopus Energy.

Q1 FY26 Performance and Outlook

For the September 2025 quarter, Australia Pacific LNG delivered production of 169.9 PJ, while revenue declined 5% sequentially to AUD 2.12 billion due to lower LNG volumes and prices. Origin reaffirmed its FY26 outlook, with Energy Markets underlying EBITDA guidance of AUD 1.4–1.7 billion. The company also reiterated its cost-to-serve savings target of AUD 50–100 million, contributing to total expected savings of up to AUD 150 million by FY26.

Share Performance of ORG

ORG stock has gained 0.79% to close at AUD 11.49 per share on 31 December 2025. It is up 1.41% over the past week and has advanced 5.22% over the past six months, while posting a 6.09% increase over nine months. However, ORG has declined 2.30% over the past month and is down 7.93% over the past three months.

ORG recorded a 52-week high of AUD 13.130 on 22 August 2025, while its 52-week low stands at AUD 8.620, reached on 7 April 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 31 December 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.