ALD Analysis: Q3 2025 Trading Update and EG Australia Acquisition Progress

Event: Q3 2025 Trading Update and EG Australia Acquisition Progress | Date: 2025-08-19 | Source: ASX Release 14 August 2025

Q3 Refining Margin Surges Amid EG Acquisition Momentum

Ampol Limited released its Q3 2025 trading update on 19 August 2025, highlighting a strong rebound in refining performance. The Lytton Refiner Margin (LRM) jumped to US$10.64 per barrel, up significantly from US$1.48 a year earlier, driven by improved regional refining economics and recovery from prior disruptions. This contributed to an excellent quarter for the Lytton refinery, with higher output and margins. The company also confirmed progress on its $1.1 billion acquisition of EG Australia, having entered a sale and purchase agreement (SPA) subject to ACCC approval, with an adjusted cash consideration of approximately $800 million funded by debt and shares. No specific financial results for Q3 were detailed beyond the refining margin and qualitative commentary on performance. ASX Release 14 August 2025.