11 Mar 2025other● Neutral
Updated Dealing in Securities Policy lodged under Listing Rule 12.10. Sets trading blackout periods and clearance rules for directors and staff, and bans new margin lending on Origin shares. No financial impact.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Feb 2025half year report● NeutralMajor
HY25 statutory profit $1,017m (from $995m); underlying profit rose to $924m (from $747m) on Integrated Gas, though Energy Markets and Octopus earnings fell. Free cash flow was a $552m outflow on battery spending. Interim dividend 30c fully franked.
13 Feb 2025investor presentation● Neutral
Half-year results presentation repeating the release: underlying profit $924m, interim dividend 30c. It adds adjusted net debt/EBITDA of 1.5x (1.0x at June 2024) and LNG trading EBITDA of $285m.
13 Feb 2025half year report▲ GoodMajor
HY25 revenue rose 10% to $8,771m and profit attributable to members rose 2% to $1,017m. Interim dividend 30c fully franked, up from 27.5c. The Yanco Delta wind farm, about 1.5GW, is still pre-final investment decision.
31 Jan 2025quarterly activities report▼ BadMajor
December 2024 quarter: APLNG revenue rose 3% to $2,714m, but FY25 production guidance was cut to 670-690 PJ from 685-710 PJ on weaker well optimisation results. The third Eraring battery stage was approved, taking the battery to 700MW/2,800MWh.
31 Oct 2024quarterly activities report● Neutral
September 2024 quarter: APLNG revenue rose 1% to $2,638m on higher LNG sales, production slightly lower at 173.5 PJ. Octopus added over 600,000 accounts, with Kraken contracted accounts at 62 million. Eraring and Mortlake batteries are under construction and Yanco Delta is progressing.
16 Oct 2024agm notice● Neutral
AGM addresses and presentations. The Chairman notes the June 2024 distribution policy of paying at least 50% of adjusted free cash flow as dividends, resolving the pending policy review, and the 4-5 GW renewables and storage target by 2030. Mostly repeats known facts.
4 Oct 2024material agreement▼ BadMajor
APLNG, in which Origin holds 27.5%, received a price review notice from Sinopec on its long-term LNG supply contract. Any price change would apply from 1 January 2025; absent agreement it can go to expert determination. Outcome unknown.
25 Sept 2024admin correction● Neutral
Correction to the FY24 Remuneration Report: former CFO Lawrie Tremaine's accelerated long-term cash awards were $1.049m, not the $234,000 originally disclosed. The change reflects expense brought forward on his 31 July 2024 retirement.
28 Aug 2024director officer appointment● Neutral
Deion Campbell, a renewables and infrastructure executive and former Tilt Renewables CEO, joins the Board as independent director from 2 September 2024. Steve Sargent, a director for nine years, will retire after the October 2024 AGM.
15 Aug 2024annual report▲ Good
Cover note lodging the FY24 Appendix 4E, Annual Report, Reserves Report and governance statement. Figures: statutory profit $1,397m (up from $1,055m), revenue down 2% to $16,138m, final dividend 27.5c fully franked (20c prior year). Detail is in the results release.
15 Aug 2024other● Neutral
Annual sustainability report covering climate transition plan progress, customers, communities and people. No financial figures or transactions relevant to shareholders in the extracted text.
15 Aug 2024investor presentation● Neutral
Full-year results presentation repeating the release: underlying profit $1,183m, net debt 1.0x EBITDA (1.2x a year earlier), 27.5c final dividend. It notes the FY25 cost-to-serve target won't be met; a $100-150m reduction from FY24 to FY26 is now targeted.
15 Aug 2024half year report▲ GoodMajor
FY24 underlying profit rose to $1,183m (from $747m) and statutory profit to $1,397m, driven by Energy Markets and Integrated Gas. Final dividend 27.5c fully franked, 55c for the year (73% of free cash flow). FY25 Energy Markets EBITDA is guided lower.
6 Aug 2024agm notice● Neutral
Origin set its 2024 AGM for 10:00am on 16 October 2024, with full-year results due 15 August. Administrative date notice only.
31 July 2024quarterly activities report▲ Good
June quarter: APLNG revenue was $2,602m, and Origin received $1,367m of APLNG distributions in FY24. Origin approved the Eraring battery stage two (240MW/1030MWh, ~$450m) and took a 20% stake in Climatech Zero. Octopus's valuation rose to US$9bn with no change to Origin's stake.
12 June 2024investor presentation● Neutral
Investor briefing on Origin's strategy, citing rising electricity demand and renewables growth as favouring its gas generation fleet, retail base, APLNG and Octopus. The extracted text shows no new transactions or figures for Origin; it largely restates known positions.
23 May 2024material agreement● NeutralMajor
Origin agreed with the NSW Government to run Eraring until 19 August 2027, two years later than the earlier August 2025 target. It may receive compensation of up to $225m a year for losses, or pay 20% of profits capped at $40m. Closure no later than April 2029.
30 Apr 2024quarterly activities report▲ Good
March quarter: APLNG production rose 5% to 176.2 PJ after the November vessel outage, and revenue was $2,553m. Origin's extra Octopus investment completed on 11 April, lifting its stake to about 23%. Yanco Delta and Walcha Energy acquisitions are noted, and Eraring closure talks continue.
12 Apr 2024asset acquisition disposition▲ GoodMajor
Origin agreed to buy Virya Energy's Yanco Delta project in NSW: a 1.5GW wind farm with an 800MWh battery, already approved. It pays $125m upfront plus up to $175m on milestones, funded from corporate debt. Origin will look for capital partners to build it.
11 Apr 2024director officer appointment● NeutralMajor
Tony Lucas, an Origin executive of 22 years, will become CFO from 1 July 2024. He replaces Lawrie Tremaine, whose retirement was announced in February, resolving the successor search. Tremaine stays until end of July for handover.
22 Feb 2024remuneration report● Neutral
After the scheme failed, the Board approved Performance Share Rights worth $612,900 for CEO Frank Calabria, 25% of his maximum, tied to relative shareholder return against the ASX-50. This restores the share-based hurdle replaced by deferred cash in August 2023.
15 Feb 2024half year report▲ GoodMajor
HY2024 underlying profit was $747m (up from $44m) and statutory profit $995m. A 27.5c fully franked interim dividend was set, up from 16.5c. Energy Markets EBITDA guidance improved, and the CEO said Origin will evaluate its key strategic choices after the failed takeover.
15 Feb 2024half year report▲ Good
Cover note and Appendix 4D lodging the half-year report to 31 December 2023. Statutory profit was $995m (up from $399m), revenue fell 9% to $7,996m, and a 27.5c fully franked interim dividend was set. Full detail is in the results release.
15 Feb 2024investor presentation● Neutral
Presentation of the half-year result, repeating known figures: underlying profit $747m, interim dividend 27.5c, adjusted net debt 0.9x EBITDA (1.2x at June 2023). It also notes the Beach price review is concluded and a 'evolving view on capital allocation'. Little new beyond the release.
1 Feb 2024director officer appointment● NeutralMajor
CFO Lawrie Tremaine, in the role since mid-2017, told the Board he intends to retire, expected at the end of July 2024. A search for a successor has begun. The announcement gives no reason beyond retirement.
31 Jan 2024quarterly activities report● Neutral
December quarter: APLNG production fell 4% to 167.4 PJ after the November vessel outage cost three cargoes; revenue $2,380m. Origin received a $648m APLNG distribution. Mortlake 300MW battery (~$400m) approved, and the Beach Energy gas price review concluded.
18 Dec 2023asset acquisition disposition▲ GoodMajor
Origin will invest £280m (~A$530m) in Octopus Energy, lifting its stake from 20% to 23% at a £5.6bn pre-money valuation, about 60% above December 2021. Octopus is now the UK's largest electricity retailer. Completion needs UK FCA approval.
7 Dec 2023material agreement termination● NeutralMajor
Origin terminated the March 2023 Scheme Implementation Deed with the Brookfield-led consortium and EIG because shareholders did not approve the scheme. This formally ends the takeover, so Origin stays independent and listed. The special dividend was conditional on the scheme and is not covered here.
4 Dec 2023business combination▼ BadMajor
Shareholders rejected the Brookfield/EIG scheme: 68.92% of votes cast were in favour against the 75% needed, though 77.83% of shareholders voting backed it. The ~$9.39 a share offer lapses and Origin continues as a listed company.