Stock Analysis

Ampol Limited is an Australian integrated fuel supply chain company, importing, refining, distributing andMarketingtransport fuels across Australia and New Zealand. The company owns and operates the Lytton Refinery in Brisbane — Queensland's sole refinery — and markets its products through a network of branded …

ASX Limited is the operator of Australia's primary securities exchange, providing markets infrastructure, clearing and settlement, listings, and technology and data services. The company's four business units are: Markets (cash equities, futures,Derivativestrading), Securities and Payments (post-trade clearing, settlement, and payments infrastructure including Austraclear), Listings …

Including significant items of $57.9 million after tax, NPAT was $284.6 million, down 22.1%.Earnings Per Sharebefore significant items were 15.4 cents, down 6.1%, and 12.8 cents including significant items. The full yearDividendwas maintained at 16.5 cents per share, fully franked.

Net tangibleAssetswere US$4.30 per share, up from US$3.69, and the company reported a net cash balance of $353 million. The Board declared a fully franked finalDividendof 35 Australian cents per share, with aRecord Dateof 11 September 2026 and payment on 30 September 2026. No …

The Board declared a final distribution of 6.20 cents per security, matching the first half, for a full year distribution of 12.4 cents and aPayout Ratioof 95.5% of Adjusted FFO. Net tangibleAssetsrose 19 cents, or 7.7%, to $2.59 per security.

Underlying NPAT increased 29% to $313.5 million and Underlying EPS rose 28% to 94.0 US cents. Statutory NPAT, however, fell 11% to $178.7 million from $200.7 million, which the company linked to interest andAmortisationexpense from the e2open acquisition.

Adjusted EBITDA rose 18% to $757.4 million and EBITDA rose 24% to $789.5 million. Annualised monthlyRecurring Revenueincreased 37% to $3.3 billion, or 25% on an organic basis. FreeCash Flowgrew 9% to $554.0 million.