Origin Energy reports strong FY25 results and expects higher earnings in FY26, boosting its share price to a 10-year high.

Origin Energy, an Australian power producer, reported better-than-expected 2025 earnings on Thursday, which sent its shares to their highest level in more than ten years. Origin Energy also signaled improved operating profits for its energy retail division in the year ahead. In the 2026 fiscal year, the largest gas and electricity supplier in Australia anticipates that its Energy Markets segment will produce underlying operating earnings of between $916.4 million $1.11 billion.

The midpoint of the projected range exceeds the A$1.4 billion reported in 2025 and slightly surpasses the A$1.53 billion estimate from Visible Alpha. The strong guidance caused Origin's shares to rise more than 7% in early trading to A$12.72, the highest since November 7, 2014. As of 00:10 GMT, the stock was one of the top performers on the ASX 200 index, which had gained 0.6%. CEO Frank Calabria stated that the outlook for FY26 remains optimistic.

The power producer expects a moderate rise in gas gross profit for FY26, with electricity gross profit projected to stay mostly steady. According to Adrian Atkins, senior equities analyst at Morningstar, earnings in the core utilities business were somewhat higher than the market expected and are expected to increase in FY26 due to investments in batteries and cost-out measures. Origin reported a rise in underlying earnings for 2025, reaching A$1.49 billion, up from A$1.18 billion, and surpassing the A$1.46 billion estimate by Visible Alpha.