Latest news with #FY25Results
Yahoo
11 hours ago
- Business
- Yahoo
APA Group (APAJF) (FY25) Earnings Call Highlights: Record EBITDA and Strategic Shifts
This article first appeared on GuruFocus. Revenue: Not explicitly mentioned in the transcript. EBITDA: FY25 underlying EBITDA up 6.4% to over $2 billion. EBITDA Margin: Expanded to 74.2%. Free Cash Flow: Increased by 1% to approximately $1.1 billion. Net Profit After Tax (NPAT): Excluding significant items, up 8.4%. Distribution: FY25 distribution of $0.57 per security, up $0.01 from last year. FY26 Distribution Guidance: $0.58 per security. FY26 EBITDA Guidance: Between $2.12 billion and $2.2 billion, midpoint represents a 7.2% increase. Cost Reduction Target: Approximately $50 million for FY26. Organic Growth Pipeline: Increased from $1.8 billion to $2.1 billion. Credit Metrics: Improved from 10.1% to 10.4%. Capital Expenditure: Growth CapEx includes Kurri Kurri lateral pipeline and Port Hedland Solar and Battery Projects. Debt Management: Raised USD1.25 billion in US dollar bond market with 10- and 20-year maturities. Warning! GuruFocus has detected 13 Warning Signs with APAJF. Release Date: August 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points APA Group (APAJF) reported a 6.4% increase in FY25 EBITDA, reaching over $2 billion for the first time. The company has achieved 21 consecutive years of distribution growth, with FY25 distributions up by $0.01 per security. APA Group has successfully simplified its business by divesting noncore assets and announcing a $50 million cost-out target for FY26. The organic growth pipeline has increased from $1.8 billion to $2.1 billion, with strong momentum in executing strategic projects. The company has improved its credit metrics, with funds from operation to net debt increasing from 10.1% to 10.4%, supporting future growth funding from the existing balance sheet. Negative Points APA Group faced a serious safety incident involving an all-terrain vehicle, highlighting the need for continued vigilance in safety practices. The company has withdrawn from large East Coast electricity transmission projects, which were previously a significant part of its addressable market. Higher interest costs and cash tax payments partially offset the benefits from the uplift in underlying EBITDA. The divestment of the Networks business is expected to reduce FY26 earnings by about $15 million. There is potential volatility in earnings from the Basslink asset, which may impact financial performance in FY26. Q & A Highlights Q: Can you expand on the decision to move away from East Coast electricity transmission projects and what opportunities will fill this gap in your growth outlook? A: Adam Watson, CEO: The strategy remains focused on delivering energy infrastructure supported by long-term contracts and inflation-linked returns. Despite moving away from larger electricity transmission projects, we still have a significant addressable market exceeding $100 billion, focusing on gas transmission, storage, remote grids, and future fuels. Q: Are shippers willing to sign long-term contracts for the East Coast Grid expansion, or will APA need to take on some underwriting risk? A: Adam Watson, CEO: We don't expect the market to fully underwrite projects with long-term contracts as in the past. We've invested significantly in the East Coast grid, taking on market risk, and demand has been strong. We aim to work with customers and the government to secure the necessary confidence for larger investments. Q: How does APA plan to offset the EBITDA decline from the Wallumbilla Gladstone Pipeline capacity tariff expiring? A: Adam Watson, CEO: We are not trying to replace WGP earnings dollar for dollar. Our focus is on continuing to grow the business and delivering returns for shareholders through distribution growth and capital allocation that exceeds our hurdle rate. Q: What is APA's approach to gas power generation (GPG) given the supply chain challenges and emissions targets? A: Adam Watson, CEO: We maintain strong relationships with suppliers to manage supply chain challenges. Our focus is on supporting the energy transition and reducing economy-wide emissions. We are prepared to adjust our intensity targets if necessary, while continuing to bring renewable power generation to market. Q: How does APA view the potential impact of LNG imports on its operations and strategy? A: Adam Watson, CEO: LNG imports are present, but we emphasize the need for market stability to avoid LNG imports setting energy prices, as seen in the UK. Domestic supply is abundant, and regulatory and policy settings should support its development. We focus on ensuring competitive pricing and stability in the market. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Yahoo
06-08-2025
- Business
- Yahoo
Financial Results Webinar
Perth, Aug. 06, 2025 (GLOBE NEWSWIRE) -- FY25 RESULTS INVESTOR WEBINAR / CALL Perth, Western Australia/August 6, 2025/ Perseus Mining Limited (ASX/TSX: PRU) is hosting an investor webinar and conference call to discuss its FY25 Results, which are anticipated for release around 8:30am AEST on Thursday August 28, 2025. CALL DETAILS Australia: Thursday August 28, 2025Perth – 7:00amSydney/Melbourne – 9:00am Canada: Wednesday August 27, 2025Vancouver – 4:00pm Toronto – 7:00pm UK: Thursday August 27, 2025London – 12:00am Register for the investor webinar at the link below: After registering, you will receive a confirmation email containing information about joining the webinar. To join the webinar via telephone, please use one of the following numbers and enter the Webinar ID: 874 5893 8434 For higher quality, dial a number based on your current location: Location Australia Singapore Canada USA New Zealand United Kingdom Dial in Number +61 8 7150 1149 +61 3 7018 2005 +65 3165 1065 +1 778 907 2071 +1 669 900 9128 +64 9 884 6780 +44 203 901 7895 International numbers available: ASX/TSX CODE: PRUCAPITAL STRUCTURE:Ordinary shares: 1,353,991,309Performance rights: 9,328,134REGISTERED OFFICE:Level 2437 Roberts RoadSubiaco WA 6008Telephone: +61 8 6144 DIRECTORS:Rick MenellNon-Executive ChairmanJeff QuartermaineManaging Director & CEO Amber BanfieldNon-Executive DirectorElissa CorneliusNon-Executive DirectorDan LougherNon-Executive DirectorJohn McGloinNon-Executive DirectorJames RutherfordNon-Executive Director CONTACTS:Jeff QuartermaineManaging Director & FormanInvestor Relations+61 484 036 RyanMedia+61 420 582 A recording of the conference call will be made available via Perseus's website at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-08-2025
- Business
- Yahoo
Financial Results Webinar
Perth, Aug. 06, 2025 (GLOBE NEWSWIRE) -- FY25 RESULTS INVESTOR WEBINAR / CALL Perth, Western Australia/August 6, 2025/ Perseus Mining Limited (ASX/TSX: PRU) is hosting an investor webinar and conference call to discuss its FY25 Results, which are anticipated for release around 8:30am AEST on Thursday August 28, 2025. CALL DETAILS Australia: Thursday August 28, 2025Perth – 7:00amSydney/Melbourne – 9:00am Canada: Wednesday August 27, 2025Vancouver – 4:00pm Toronto – 7:00pm UK: Thursday August 27, 2025London – 12:00am Register for the investor webinar at the link below: After registering, you will receive a confirmation email containing information about joining the webinar. To join the webinar via telephone, please use one of the following numbers and enter the Webinar ID: 874 5893 8434 For higher quality, dial a number based on your current location: Location Australia Singapore Canada USA New Zealand United Kingdom Dial in Number +61 8 7150 1149 +61 3 7018 2005 +65 3165 1065 +1 778 907 2071 +1 669 900 9128 +64 9 884 6780 +44 203 901 7895 International numbers available: ASX/TSX CODE: PRUCAPITAL STRUCTURE:Ordinary shares: 1,353,991,309Performance rights: 9,328,134REGISTERED OFFICE:Level 2437 Roberts RoadSubiaco WA 6008Telephone: +61 8 6144 DIRECTORS:Rick MenellNon-Executive ChairmanJeff QuartermaineManaging Director & CEO Amber BanfieldNon-Executive DirectorElissa CorneliusNon-Executive DirectorDan LougherNon-Executive DirectorJohn McGloinNon-Executive DirectorJames RutherfordNon-Executive Director CONTACTS:Jeff QuartermaineManaging Director & FormanInvestor Relations+61 484 036 RyanMedia+61 420 582 A recording of the conference call will be made available via Perseus's website at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Australian
30-05-2025
- Business
- The Australian
Long Shortz: Aroa Biosurgery
Tylah Tully chats with Aroa Biosurgery (ASX:ARX) founder and CEO Brian Ward on the company's FY25 results, posting its first profit since listing on the ASX in 2020. The company had a strong year, reporting total revenue of NZ$84.7 million, 23% growth on FY24. In particular, Myriad™ notched just over NZ$32 million in product revenue, 38% growth on the previous financial year. Watch the video to hear Ward's insights. This video was developed in collaboration with Aroa Biosurgery, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
