Earnings release
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Origin Energy Limited ABN 30 000 051 696 • Level 32, Tower 1, 100 Barangaroo Avenue, Barangaroo, NSW 2000 GPO Box 5376, Sydney NSW 2001 • Telephone (02) 8345 5000 • Facsimile (02) 9252 9244• www.originenergy.com.au To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 31 July 2026 From Helen Hardy Pages 30 Subject June 2026 Quarterly Report P lease find attached a release on the above subject. R egards A uthorised by: Helen Hardy Company Secretary Ph: 02 8345 5000
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1 Quarterly Report June 2026 ASX/Media Release 31 July 2026 Quarterly Report June 2026 Origin Energy Limited (Origin) has released its Quarterly Report for the period to 30 June 2026 covering the performance of its Integrated Gas, Energy Markets and Octopus Energy segments. INTEGRATED GAS - AUSTRALIA PACIFIC LNG (100%): • FY26 production was 668 PJ, above the midpoint of guidance (645 - 680 PJ). • Origin received fully franked dividends of $911 million in FY26, towards the top end of guidance. • June quarter production was 165 PJ, stable compared to the prior quarter. • June quarter revenue increased 6 per cent on the prior quarter to $1,964 million, reflecting increased LNG spot volumes and prices and higher short term domestic volumes, albeit at lower prices. • FY27 production is expected to be lower at 625 – 670 PJ, primarily reflecting natural field decline. • FY27 capex and opex is expected to be higher at $3.0 – $3.3 billion, 1 reflecting increased drilling with incremental production benefit expected in future years - noting ~2 years lead time to peak production. ENERGY MARKETS: • FY26 electricity sales volumes increased 1 per cent. • FY26 gas volumes declined by 17 per cent in line with expectations, due to lower demand from large customers and power generation. • Customer accounts increased by 243,000 in FY26, with growth across electricity, gas and internet. • Origin now has 980 MW / 3,408 MWh of battery storage in operation. • FY26 EBITDA expected to be above the midpoint of guidance of $1,550 - $1,750 million. • This week, Origin completed the initial phase of its review of a data security incident, confirming information from approximately 900,000 customers was accessed. The review is ongoing and the focus is on supporting affected customers. The matter remains subject to criminal investigation. OCTOPUS ENERGY GROUP: • Kraken and Octopus have formally separated, with the US$1 billion Kraken equity raise completed in July 2026. • Octopus Energy grew customer accounts by 343,000 in the quarter, taking full-year organic growth to 2.2 million accounts (812,000 in the UK and ~1.4 million outside the UK). • Kraken FY26 revenue increased 19 per cent and contracted accounts reached 95 million. • FY26 EBITDA expected to be around the mid-point of guidance at -$70 million to +$30 million. • The UK Retail business is expected to report its fourth consecutive year of profitability, with EBITDA per customer of ~£40 (on ~7.8 million average customers) inclusive of investment in smart tariffs to grow VPP-connected customers. Octopus Energy has ~3.2 GW on its VPP across ~482,000 devices, up 63 per cent in the last 12 months. Frank Calabria CEO commentary: "Australia Pacific LNG performed strongly and in line with expectations, generating significant cash flow to Origin. In the year ahead, we’re investing in increased drilling activity and continued optimisation activities, to support gas supply for customers and the domestic market. (1) Opex excludes purchases and reflects royalties at US$25/bbl. Based on contractual pricing and recent wholesale electricity forward curves and AUD/USD FX rates.
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2 Quarterly Report June 2026 "The conflict in the Middle East has continued to impact oil and LNG markets this quarter. Given the lag in Australia Pacific LNG's long-term LNG export contracts, the higher oil prices since February are expected to be reflected in FY27. "The addition of significant battery storage capacity has materially strengthened Origin’s energy supply portfolio, providing improved flexibility in how we balance supply and demand, manage evening and seasonal peaks, and navigate volatility in the market. “Octopus and Kraken, now operating as separate businesses, continue to grow strongly. Octopus Energy’s profitable UK business has been complemented by rapid international expansion, with Germany and Italy each growing to more than one million customer accounts. Kraken continues to deliver strong customer account gains and double-digit revenue growth." Unit Jun-26 QTR Mar-26 QTR % Change Jun-25 QTR % Change FY26 FY25 % Change Integrated Gas - APLNG 100% Production PJ 164.6 164.5 0% 169.2 (3%) 668.0 682.1 (2%) Sales PJ 166.1 159.3 4% 163.6 2% 656.1 670.5 (2%) Commodity Revenue $Am 1,964 1,855 6% 2,241 (12%) 8,045 9,898 (19%) Average realised LNG price US$/ mmbtu 9.93 9.51 4% 10.26 (3%) 9.76 11.29 (14%) Average realised Domestic gas price $/GJ 5.20 4.30 21% 7.73 (33%) 6.45 7.89 (18%) Energy Markets Electricity sales TWh 9.4 9.4 0% 8.8 6% 36.5 36.0 1% Natural gas sales PJ 39.2 27.2 45% 50.0 (22%) 157.9 191.4 (17%) Origin consolidated Capex $m 226 254 (11%) 288 (21%) 969 1,473 (34%) Investments $m 8 42 (82%) 183 (96%) 68 226 (70%) For further information: MEDIA INVESTORS Anneliis Allen Liam Barry Ph: +61 2 8345 5119 Ph: +61 2 9375 5991 Mobile: +61 428 967 166 Mobile: +61 401 710 367