Ampol Ltd

ALD: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Ampol Earnings: Strong Refiner Margins Drive Sharp Turnaround

Mark Taylor

Feb 23, 2026

Refined fuel retailer Ampol reported a 106% increase in 2025 underlying NPAT, to AUD 375 million. There was improvement from refining, wholesale and retail, while Z Energy was flat. Ampol declared a AUD 0.60 final dividend, bringing the full year up 54% to AUD 1.00 fully franked. Shares fell 3%.

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Ampol Ltd

Ampol Earnings: Strong Refiner Margins Drive Sharp Turnaround

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