Origin Energy has announced an anticipated increase in the underlying EBITDA of the energy markets for the fiscal year 2024, with projections ranging from A$1,300 to A$1,700 million.

Looking into fiscal year 2025, the electricity gross profit is predicted to drop below FY24 figures.

However, FY24 is anticipated to see improvements in their electricity gross profit.

The natural gas gross profit for FY24 is expected to moderate, primarily due to the increasing procurement costs consequent to repricing of supply contracts.

The company is in the process of getting bought by a consortium comprising of Brookfield Asset Management and MidOcean Energy, a process that continues to follow necessary regulatory stages.

FY24’s EBITDA from LNG trading is expected to be A$40 – A$60 million.

By FY25, the company anticipates a reduction in the electricity gross profit.

The company and the consortium are working diligently towards implementing the scheme early in 2024.

The EBITDA across the period of FY25 and FY26 for LNG trading is expected to fall within A$450 – A$600 million.

The Capex and Opex of APLNG unit over FY25 and FY26 is projected to decrease to A$3.6 – 4.1/GJ.

The consortium, along with Brookfield Asset Management, continues to move through the required regulatory stages for the acquisition of the company.

Origin Energy is looking at a lower EBITDA in FY24 from its share of Octopus Energy, which is currently in a high growth phase and continues to invest in international growth.

Origin Energy is a broad-spectrum energy company providing electricity, heating, and cooling services to customers globally.