AGL Energy (ASX:AGL) has reported its full year underlying profit after tax attributable to be A$281 million.

This signals an increase compared to last year’s A$225 million.

The company also reported revenue of A$14,157 million, up from A$13,221 million in the previous year.

AGL Energy declared a final dividend of 23.0 Australian cents per share.

Looking into the future, AGL Energy anticipates significant changes in the company’s operations, positioning it to play a significant role in Australia’s energy transition.

It has also updated its dividend policy, which will now target a payout ratio of 50 to 75 percent of underlying profit after tax - a policy that will be in effect from the interim dividend in financial year 2024.

AGL Energy is an energy company based in Australia specializing in the generation and distribution of electricity and gas for residential and commercial usage.