Origin Energy Ltd (ASX: ORG)
Share price -$10.995
Annual dividend yield - 5.00%
Dividend Pay date - 28 March 2025
Dividend amount per share $0.30
Franking - 100%
Dividend ex date - 4 march 2025
Market cap $18.94B
As of 3 March 2025
Origin Energy Limited (ASX: ORG) reported solid financial results for the half-year ended 31 December 2024. Statutory profit reached $1,017 million, slightly up from $995 million in the previous period, while underlying profit grew to $924 million, up from $747 million. This increase was driven by strong performance from Integrated Gas, which benefited from higher LNG sales and trading gains, along with a reduction in tax expenses. However, earnings from Energy Markets and Octopus Energy were lower. Free cash flow showed a net outflow of $552 million due to increased capital spending, mainly related to Origin’s battery investment program. The company declared a fully franked interim dividend of 30 cents per share, payable on 28 March 2025 to shareholders registered by 5 March 2025.
The Energy Markets division saw a decline in underlying EBITDA, dropping to $738 million from $1,044 million, as lower wholesale prices and higher coal supply costs impacted earnings. Despite this, customer growth continued with an addition of 57,000 accounts, bringing the total to 4.7 million. Integrated Gas, on the other hand, saw a 25% increase in underlying EBITDA, reaching $1,251 million. This was mainly due to favorable LNG trading results and higher commodity prices. Meanwhile, Octopus Energy, the UK-based retail business, reported a loss of $24 million, though growth continued in its UK retail and Kraken technology businesses.
Origin expects its Energy Markets business to contribute underlying EBITDA of between $1,100–$1,400 million in FY25, despite lower electricity margins and higher coal prices. It is also ahead of schedule in achieving its cost savings targets of $100–$150 million in FY26. For Octopus Energy, a positive contribution of up to $100 million to Origin's EBITDA is expected, though reinvestments into its energy services business will offset some of the earnings growth.
Evolution Mining Ltd (ASX: EVN)
Share price -$6.105
Annual dividend yield - 0.82%
Dividend Pay date - 4 April 2025
Dividend amount per share $0.07
Franking - 100%
Dividend ex date - 4 March2025
Market cap $12.14B
As of 3 March 2025
Evolution Mining Ltd (ASX: EVN) has reported strong financial results for the first half of FY25, which included a record statutory net profit of $365 million, marking a 277% increase compared to the previous year. As a result, the company has declared a fully franked interim dividend of 7.0 cents per share, a significant 250% increase from the 2.0 cents per share paid in FY24 H1. This dividend payment is expected to total approximately $139 million, reflecting the company’s commitment to returning value to its shareholders.
The ex-dividend date for the interim dividend is 4 March 2025, and the record date is 5 March 2025, meaning shareholders who hold shares on this date will be eligible for the payment. The dividend will be paid out on 4 April 2025. Additionally, the Dividend Reinvestment Plan (DRP) has been reinstated, allowing shareholders the option to reinvest their dividends into additional shares in the company, in line with shareholder feedback. This marks the 24th consecutive dividend payment by Evolution Mining.
The company has also made substantial progress in reducing its debt, with its gearing now standing at 23%, down from 30% in H1 FY24, and it aims to reduce this further to 20% by the end of FY25. This financial strength is supported by Evolution’s record earnings and strong cash flow generation, which totalled $273 million in the first half of FY25, a remarkable increase of 420%. These results reflect Evolution’s ongoing operational success and its ability to deliver consistent returns to shareholders while continuing to invest in long-term growth projects.
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