Ampol (ASX:ALD) Returns To A$107.7m Half Year Profit Testing Thin Margin Narratives

Simply Wall St.

02/24

Ampol (ASX:ALD) has wrapped up FY 2025 with second half revenue of A$16.1b, Basic EPS of A$0.45 and net income of A$107.7m, setting a cleaner snapshot after a loss in the first half. The company has ...

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The company has ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/energy/asx-ald/ampol-shares/news/ampol-asxald-returns-to-a1077m-half-year-profit-testing-thin\">网页链接</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ampol (ASX:ALD) Returns To A$107.7m Half Year Profit Testing Thin Margin Narratives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmpol (ASX:ALD) Returns To A$107.7m Half Year Profit Testing Thin Margin Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-24 17:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/energy/asx-ald/ampol-shares/news/ampol-asxald-returns-to-a1077m-half-year-profit-testing-thin><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ampol (ASX:ALD) has wrapped up FY 2025 with second half revenue of A$16.1b, Basic EPS of A$0.45 and net income of A$107.7m, setting a cleaner snapshot after a loss in the first half. The company has ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/energy/asx-ald/ampol-shares/news/ampol-asxald-returns-to-a1077m-half-year-profit-testing-thin\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7065","symbol_name":"石油与天然气的炼制和营销","start_time":0,"source_url":"https://simplywall.st/stocks/au/energy/asx-ald/ampol-shares/news/ampol-asxald-returns-to-a1077m-half-year-profit-testing-thin","article_id":"2613715312","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/company-cover/877088-main-header/1590544527052"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/energy/asx-ald/ampol-shares/news/ampol-asxald-returns-to-a1077m-half-year-profit-testing-thin","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2613715312","pubTimestamp":1771924904,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Ampol (ASX:ALD) has wrapped up FY 2025 with second half revenue of A$16.1b, Basic EPS of A$0.45 and net income of A$107.7m, setting a cleaner snapshot after a loss in the first half. The company has seen revenue move from A$16.6b in the second half of 2024 to A$15.3b in the first half of 2025 and then to A$16.1b in the latest half. Basic EPS shifted from a loss of A$0.47 in the second half of 2024 to a loss of A$0.11 in the first half of 2025 before landing at A$0.45 in the most recent...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7065":"石油与天然气的炼制和营销","ALD.AU":"AMPOL LTD","ALD":"联合资本"},"translate_title":"Ampol(ASX：ALD)半年利润恢复至1.077亿澳元，测试利润率微薄的叙述","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALD":1.5,"ALD.AU":1.5},"content_text":"Ampol (ASX:ALD) has wrapped up FY 2025 with second half revenue of A$16.1b, Basic EPS of A$0.45 and net income of A$107.7m, setting a cleaner snapshot after a loss in the first half. The company has seen revenue move from A$16.6b in the second half of 2024 to A$15.3b in the first half of 2025 and then to A$16.1b in the latest half. Basic EPS shifted from a loss of A$0.47 in the second half of 2024 to a loss of A$0.11 in the first half of 2025 before landing at A$0.45 in the most recent period, leaving investors to focus on how durable these margin moves really are. See our full analysis for Ampol. With the headline numbers on the table, the next step is to compare them with the most widely held stories about Ampol to see which narratives the latest margins support and which ones they start to call into question. See what the community is saying about Ampol ASX:ALD Revenue & Expenses Breakdown as at Feb 2026 AdvertisementTTM net profit sits at A$82.4 million on thin 0.3% margins  On a trailing twelve month basis, Ampol booked A$31.4b of revenue and A$82.4 million of net income, which works out to a slim 0.3% net margin compared with 0.4% a year earlier. Consensus narrative points to higher retail margins and productivity gains as long term supports. Yet with net income at A$82.4 million on A$31.4b of sales, the current numbers highlight how sensitive that thesis is to even small shifts in costs or fuel volumes.\n     Supporters of the consensus view highlight retail mix and cost efficiencies. The latest 0.3% margin shows that any benefit is, for now, being offset by factors like the A$115.0 million one off loss in the last 12 months. The idea of “stable long term profitability” in the consensus story sits against trailing figures that are still close to break even in absolute margin terms.    P/E of 82.9x versus A$28.66 price and A$75.99 DCF fair value  At a share price of A$28.66, Ampol is shown on a trailing P/E of about 82.9x, while the DCF fair value is cited at A$75.99. The stock is trading at a large discount to that DCF value even though the earnings multiple on the last 12 months is very high versus peers at 5x and an industry average of 20.3x. Bears focus on this high P/E and weak coverage of dividends and interest, and the trailing data backs several of those concerns.\n     The dividend yield of roughly 3.49% is flagged as not well covered by either earnings or free cash flow, and low trailing margins mean there is limited buffer if conditions stay similar. Interest payments are also described as not well covered by earnings, which ties directly to the combination of A$82.4 million of net income and a P/E that is several times higher than peer and industry averages.    If you are wondering how cautious views line up with these stretched valuation metrics, skeptics have laid out their case in more detail here: 🐻 Ampol Bear Case Forecast 28.6% earnings growth against 3.5% revenue growth  Analysts are forecasting earnings to grow about 28.6% per year while revenue is expected to rise around 3.5% per year, starting from a base where trailing net income is A$82.4 million and revenue is A$31.4b after a year that included a one off loss of A$115.0 million. Bullish arguments lean heavily on that earnings growth and the large gap between the A$28.66 share price and the A$75.99 DCF fair value, and the reported figures frame how ambitious that looks.\n     Consensus views talk about higher margin retail, alternative fuels and acquisitions supporting future profit. Trailing net margin at 0.3% and a five year annualised earnings change of 10.2% decline show the starting point is still modest. The implied upside to the A$32.67 analyst price target and to the DCF fair value relies on margins improving from this low base, which is not yet visible in the 0.3% trailing net margin.    Bulls point to acquisitions, alternative fuels and margin gains as reasons this low margin base could change, and you can see how that story is being built here: 🐂 Ampol Bull Case Next Steps To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Ampol on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves. If this mix of cautious and optimistic views leaves you undecided, take a closer look at the full data and move quickly to shape your own stance. You can start with 2 key rewards and 3 important warning signs. Explore Alternatives Ampol's thin 0.3% net margin, high 82.9x P/E and modest interest and dividend coverage all highlight how exposed holders are to small earnings setbacks. If those tight margins and elevated valuation make you uneasy, consider broadening your watchlist with 6 resilient stocks with low risk scores that focus on more resilient earnings and balance sheet profiles today.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}