Ampol has announced its financial results for the six months ending 30 June 2026, reporting Group RCOP EBITDA of $1.637 billion and RCOP EBIT of $1.392 billion.
Ampol Managing Director and CEO Matt Halliday says the first half of 2026 was marked by the Middle East conflict and the consequential impact on the flow of oil and refined products around the world, including across Australia and New Zealand.
“Against that backdrop, Ampol’s primary focus was to secure fuel and minimise the impact to our customers. I couldn’t be more proud of the resilience of our business and the capabilities our people demonstrated during this period,” he says.
“While the market dislocation provided a benefit to our financial results, our supply responsiveness, trading capabilities, refinery reliability, customer and supplier relationships as well as the progress of our retail segmentation strategy all enabled Ampol to meet its customers’ needs.”
Commenting on the completion of the acquisition of EG Australia at the end of the half, Mr Halliday says: “This acquisition accelerates our retail segmentation strategy at greater scale and further increases the contribution to Ampol earnings from retail and commercial sales.”
Ampol’s convenience retail segment recorded RCOP EBITDA of $299 million. RCOP EBIT was $204.5 million, up 12% versus the first half last year.
Fuel volumes were up 2.4% predominately in base-grade petrol and diesel. Ampol says strong product availability, together with U-GO unstaffed discount offer, supported the volume growth as competitors with less secure supply chains came under pressure during the period of supply disruption.
Network shop sales grew 0.4% at a headline level, or 3.5% excluding tobacco and U-GO conversions.
Shop gross margin improved, reaching 40.1% (post waste and shrink), which Ampol attributes to a favourable product mix.
Ampol says reduced tobacco exposure, along with improved enforcement measures to address the illicit trade, meant that tobacco declines had an immaterial impact on profitability.
