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AGL Energy's revenue from thermal coal generation decreased 36% from $3,257 million in FY25 to $2,094 million in FY26 primarily driven by lower average pool prices, reflecting periods of lower volatility compared to the prior year.

AGL Energy's revenue from natural gas decreased 55% from $170 million in FY25 to $77 million in FY26 primarily driven by lower average pool prices, lower volume, and lower market volatility.

AGL Energy's revenue from renewables generation decreased 33% from $585 million in FY25 to $394 million in FY26 primarily driven by lower average pool prices and impact of major planned outages in FY26.

FY22

FY23

FY24

FY25

FY26

Revenue from thermal coal generation (%)

28.8

27.6

19.4

22.6

15.4

Revenue from natural gas generation (%)

1.2

1.1

0.6

1.2

0.6

Revenue from renewable generation (%)

4.1

4.8

3.1

4.1

2.9

Notes

AGL’s revenue from thermal coal generation is derived by: multiplying the proportion of total generation output (GWh) to the pool that was sourced from thermal coal power stations by the total revenue of AGL’s electricity sales to the pool, plus AGL’s revenue from sales of brown coal from AGL’s Loy Yang Mine.

AGL’s revenue from gas generation is derived by: multiplying the proportion of total generation output (GWh) to the pool that was sourced from gas generation power stations by the total revenue of AGL’s electricity sales to the pool.

AGL’s revenue from renewable generation is derived by: multiplying the proportion of total generation output (GWh) to the pool that was sourced from wind farms, hydroelectric power stations and solar farms by the total revenue of AGL’s electricity sales to the pool.

A breakdown of AGL’s total generation output sold to the pool by fuel source is reported in AGL’s FY26 Annual Report.

NR: Not reported