Australia's AGL Energy sees lower fiscal 2026 profit, cuts dividend
AGL, one of Australia's top power producers, expects its underlying profit to be between A$500 million ($326.35 million)and A$700 million for the ongoing financial year, the midpoint of which is lower than the Visible Alpha consensus estimate of A$667.8 million.
For the year ended June 30, it reported underlying earnings of A$640 million, missing the Visible Alpha estimate of A$653.2 million.
AGL, which is also one of the country's top carbon emitters, declared a final dividend of 25 Australian cents per share, lower than the 35 Australian cents apiece it declared last year.
($1 = 1.5321 Australian dollars)
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