Ampol stock reports a sharp first half profit rebound

Published on 10/07/2026 at 06:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ampol stock reported AUD 1.36 billion in Q2 2026 net profit on October 5. The ASX close reached AUD 44.22 on October 2, while analyst targets averaged AUD 42.78.

Ampol, AU0000088338, Illustration mit AI erstellt.

Ampol stock reported AUD 1.36 billion in net profit for the quarter ending June 30, 2026, compared with a GAAP loss of AUD 25.3 million a year earlier. The result gives the fuel and energy group a stronger earnings base as it expands into electric vehicle charging.

Revenue rebound reshapes earnings

According to Markets Insider on October 5, 2026, Ampol generated quarterly revenue of AUD 20.29 billion, compared with AUD 15.3 billion in the prior-year quarter. The same report put quarterly net profit at AUD 1.36 billion, versus the earlier GAAP loss of AUD 25.3 million.

The comparison matters because Ampol's earnings remain exposed to refining and fuel-market conditions. The latest quarter's revenue increase and return to profit show the benefit of stronger operating conditions, while the prior-year loss highlights how sharply results can change across the cycle.

Evie adds 1,031 charging bays

Ampol agreed to acquire Evie Networks for AUD 225 million, adding 1,031 fast-charging bays to its AmpCharge business. Carsales reported on October 1, 2026, that the transaction requires Australian Competition and Consumer Commission approval and is expected to complete in the first half of 2027.

Ampol said charging sessions increased 116 percent during the first half of 2026, while energy delivered through its chargers rose 120 percent, according to Carsales. The acquisition therefore adds scale to a business that is already showing faster usage growth than Ampol's traditional fuel network.

Analysts keep targets near the share price

Investing.com lists a Buy consensus from 9 analysts, with 4 Buy ratings, 4 Holds and 1 Sell. The average 12-month target is AUD 42.78, with a high of AUD 50.00 and a low of AUD 32.00.

Macquarie separately kept an Outperform view and an AUD 50.00 target after the Evie announcement, according to TradingView on October 1, 2026. Its case depends on higher charging-bay utilization and AUD 10 million in cost savings, making execution of the acquisition the key counter-factor.

AUD 44.22 close sets the market frame

Ampol closed at AUD 44.22 on the ASX on October 2, 2026, gaining 1.63 percent. That close stood above the consensus target of AUD 42.78, while Macquarie's AUD 50.00 target remained higher than the market level.