Ampol buys Evie network for AUD 225 million: what it means for Ampol stock

Published on 10/07/2026 at 06:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Evie adds 1,030 bays and targets AUD 30 million in earnings within three years. Ampol stock last stood at EUR 26.90 on October 6, 2026 versus EUR 26.90.

Ampol, AU0000088338, Illustration mit AI erstellt.

Ampol (AU0000088338) agreed to acquire Evie Networks for AUD 225 million on October 1, 2026, while Ampol stock had a Lang & Schwarz prior close of EUR 26.90 on October 6, 2026. The transaction gives the fuel retailer a larger position in Australian electric vehicle charging and shifts part of its growth strategy beyond petrol and diesel.

Charging network scales quickly

According to Ampol on October 1, 2026, its subsidiary Ampol Energy entered an agreement to acquire 100 percent of Fast Cities Australia, the owner of Evie Networks. The deal adds more than 1,030 charging bays and would create a combined platform of approximately 1,425 bays across more than 400 sites, subject to Australian Competition and Consumer Commission clearance.

The transaction is expected to complete in the first half of 2027. For Ampol, the comparison is substantial: The Driven reported that the existing AmpCharge network had just over 300 bays, so the acquisition more than triples the charging footprint described in the October 1 report.

Profit target sets the benchmark

Reuters reported on October 1, 2026 that the combined business is expected to reach annualized earnings before interest, taxes, depreciation and amortization of AUD 30 million within three years of completion. The same report said Evie operates 1,031 direct-current charging bays across 322 sites, giving the purchase a measurable operating target rather than only a strategic rationale.

The funding and execution profile remain important. Regulatory approval is required before completion, and Ampol said the two businesses will operate independently until approval and closing. That places the AUD 225 million purchase price against a future earnings goal, with the timing of integration and charging utilization central to the investment case.

Analyst targets frame valuation

According to Markets Insider on October 4, 2026, Ord Minnett maintained a Buy rating with an AUD 43.00 price target, while Morgan Stanley maintained a Buy rating on October 2 with an AUD 44.00 target. The report also identified revenue of AUD 20.29 billion and net profit of AUD 1.36 billion for the quarter ended June 30, 2026, compared with revenue of AUD 15.30 billion and a GAAP net loss of AUD 25.30 million in the prior-year comparison.

Prior close remains the reference

Ampol's Lang & Schwarz prior close was EUR 26.90 on October 6, 2026. The finance quote for ASX-listed ALD showed a market capitalization of AUD 10.3 billion, a 52-week range of AUD 27.57 to AUD 45.49 and a price of AUD 43.17 at 4:18 a.m. CEST on October 7, 2026, providing separate primary-market context. The further course of trading is shown by the continuously updated real-time quote of Ampol stock.