.jpg)
1 hour ago
3
![2p5wyn0n8l4pb]3dk3gac)wv_media_dl_1.png](https://smartcdn.gprod.postmedia.digital/financialpost/wp-content/uploads/2026/08/origin-shares-jump-the-most-since-february-full-year-profit.jpg?quality=90&strip=all&w=288&h=216&sig=Ihu25aaVL87tgyY1NYDXOg)
Article content
(Bloomberg) — Origin Energy Ltd. shares rose the most in six months after full-year profit beat analyst estimates, and the uptake of electric vehicles and home batteries in Australia accelerated.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Shares increased as much as 6.5%, the most since February. Underlying profit fell 22% from a year earlier to A$1.16 billion ($819 million) in the financial year through June, the company said in a filing Thursday, slightly above analyst estimates. Net income rose 6.3% to A$1.57 billion.
Article content
Article content
Article content
Australia’s world-leading energy transition is increasingly being driven by households embracing rooftop solar, batteries and electric vehicles. Meanwhile, the large-scale build-out of renewables and grid infrastructure faces rising costs, lengthy approvals and regulatory uncertainty, according to the energy retailer.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
“Flexible generation and storage will become more important as more renewable energy enters the system,” Chief Executive Officer Frank Calabria said in a statement. “We are focused on making it easier for households and businesses to electrify, manage energy use efficiently and bring together products like solar, batteries, electric vehicles, broadband and orchestration services.”
Article content
Origin in July said that about 900,000 current and former customers had their data accessed in a security breach, the latest in a string of cyberattacks on major Australian companies and essential-service providers.
Article content
“We’ve taken steps to secure our systems,” Calabria said on an earnings call. “We’ve been working with cyber security and forensic specialists. We continue our review, continue to work closely with the authorities and regulators.”
Article content
(Updates with share price move in second paragraph, comments from CEO in last paragraph and chart.)
Article content
Advertisement 1
English (US)