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Ampol Posts Massive First‑Half Profit Jump and Lifts Interim Dividend

Higher regional refining margins from the Middle East conflict boosted Ampol’s results through the company’s securing and trading of fuel.

Overview

  • Ampol reported replacement-cost net profit of $857.2 million for the six months to June 30, 2026, up from $180.2 million a year earlier.
  • The company’s statutory first-half profit swung to $1.4 billion, compared with a $25.3 million loss in H1 2025.
  • Ampol credited the improvement to global crude and refined-product flow disruption caused by the Middle East conflict and to its supply sourcing, trading and refinery reliability.
  • The board declared an interim dividend of $1.85 per share, up sharply from $0.40 a year earlier, reflecting stronger cash generation.
  • Management warned markets remain volatile into the second half but said July earnings were ahead of the prior year, driven by strong refinery margins that could support near-term results and returns to shareholders.