Craytheon

Origin Energy Ltd · Financials

ASX: ORG · Utilities · Diversified

A$10.62
At close 24 Jul 2026

Income Statement, FY16–FY25

Revenue, costs and profitability, exactly as reported in each year's audited accounts. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Revenue
Total Revenue 11.9B 13.6B 14.6B 14.8B 12.9B 11.9B 14.4B 16.4B 16.1B 17.1B
Costs and Expenses
Cost of Revenue (9.0B) (11.1B) (11.7B) (12.1B) (10.7B) (10.3B) (14.3B) (14.5B) (12.9B) (13.8B)
Gross Profit 3.0B 2.5B 2.9B 2.5B 2.2B 1.6B 996M 2.0B 3.1B 3.3B
Operating Expenses (3.0B) (2.5B) (2.9B) (2.5B) (2.2B) (1.5B) (1.7B) (1.6B) (2.2B) (2.3B)
Operating Income 752M 868M 1.1B 517M 664M 384M (380M) 1.0B 943M 974M
Other Income/Expenses
Interest Expense (560M) (553M) (500M) (388M) (314M) (235M) (186M) (176M) (156M) (156M)
Profit Before Taxes (737M) (2.1B) 202M 1.3B (429M) (2.0B) (874M) 1.5B 2.0B 1.6B
Income Tax (133M) (26M) (81M) 64M 93M 313M 551M 420M 606M 116M
Net Income (628M) (2.2B) 218M 1.2B 83M (2.3B) (1.4B) 1.1B 1.4B 1.5B
Per Share Data
Basic EPS (0.37) (1.27) 0.12 0.69 0.047 (1.3) (0.81) 0.61 0.81 0.86
Diluted EPS (0.37) (1.27) 0.12 0.69 0.047 (1.3) (0.81) 0.61 0.81 0.86
Shares Outstanding (in millions)
Basic Shares 1.6B 1.8B 1.8B 1.8B 1.8B 1.8B 1.8B 1.7B 1.7B 1.7B
Diluted Shares 1.6B 1.8B 1.8B 1.8B 1.8B 1.8B 1.8B 1.7B 1.7B 1.7B

Balance Sheet, FY15–FY25

Assets, liabilities and shareholders' equity at each financial year end. Negative figures shown in (brackets).

10 financial years
Line item FY15FY16FY17FY18FY19FY21FY22FY23FY24FY25
Current Assets
Cash & Cash Equivalents 151M 146M 117M 150M 1.5B 472M 620M 463M 625M 161M
Short-term Investments 259M 312M 86M – 318M 503M 860M 467M 754M 854M
Accounts Receivable 2.2B 2.0B 2.3B 2.5B 2.3B 2.3B 3.4B 2.5B 3.0B 3.3B
Inventories 239M 248M 138M 196M 137M 113M 182M 180M 223M 193M
Total Current Assets 8.4B 3.6B 5.0B 3.8B 5.2B 4.3B 8.3B 5.0B 6.0B 5.3B
Non-Current Assets
Property, Plant & Equipment (Net) 6.5B 5.7B 3.7B 3.7B 3.6B 2.9B 2.8B 2.7B 3.9B 4.7B
Investments 10.0B 10.9B 9.2B – 10.1B 8.4B 6.5B 6.6B 389M 7.4B
Intangible Assets 7.6B 7.6B 6.2B 5.3B 5.5B 4.6B 2.8B 2.5B 2.5B 2.5B
Goodwill – – – – – – – – – –
Total Non-Current Assets 25.0B 25.3B 20.2B 20.5B 20.6B 16.8B 15.7B 14.0B 14.4B 15.7B
Total Assets 33.4B 28.9B 25.2B 24.3B 25.7B 21.0B 24.0B 18.9B 20.5B 21.0B
Current Liabilities
Short-term Debt & Overdrafts 38M 110M 133M 1.1B 948M 1.9B 257M 128M 68M –
Trade Payables 2.0B 2.0B 2.0B 2.1B 2.2B 2.6B 3.6B 2.3B 3.2B 3.2B
Total Current Liabilities 5.2B 2.9B 3.9B 4.4B 4.3B 5.9B 6.9B 4.8B 5.6B 4.6B
Non-Current Liabilities
Long-term Debt 11.8B 9.5B 8.4B 6.4B 6.6B 2.8B 2.6B 2.6B 3.3B 4.3B
Total Non-Current Liabilities 14.0B 11.5B 9.9B 8.0B 8.3B 5.3B 7.1B 5.3B 5.4B 6.5B
Total Liabilities 19.2B 14.4B 13.8B 12.4B 12.6B 11.2B 14.0B 10.0B 11.0B 11.1B
Shareholders' Equity
Share Capital 4.6B 7.2B 7.2B 7.2B 7.2B 7.1B 6.9B 6.9B 6.9B 6.8B
Retained Earnings 7.5B 6.5B 3.8B 4.0B 4.9B 1.8B 11M 498M (1.8B) (1.3B)
Total Shareholders' Equity 12.7B 14.5B 11.4B 11.8B 13.1B 9.8B 10.0B 8.9B 9.5B 9.9B
Total Liabilities & Equity 33.4B 28.9B 25.2B 24.3B 25.7B 21.0B 24.0B 18.9B 20.5B 21.0B

Cash Flow, FY16–FY25

Cash generated and spent across operating, investing and financing activities. Negative figures shown in (brackets).

10 financial years
Line item FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Operating Activities
Net Income (589M) (2.2B) 218M 1.2B 83M (2.3B) (1.4B) 1.1B 1.4B –
Cash from Operating Activities 1.4B 1.3B 1.1B 1.3B 856M 860M 2.8B 1.1B 1.1B 425M
Investing Activities
Investments in PPE (691M) (419M) (325M) (208M) (500M) (339M) (336M) (475M) (608M) (1.4B)
Cash from Investing Activities (189M) 89M 1.4B 589M 663M 106M 390M (608M) (16M) (870M)
Financing Activities
Debt Repayments (2.7B) (956M) (2.0B) 185M (1.2B) (1.0B) (1.9B) (215M) 100M 1.4B
Share Repurchases – – – (77M) (75M) (96M) (325M) (4M) (55M) (82M)
Dividends Paid (418M) (2M) (2M) (165M) (475M) (341M) (313M) (568M) (819M) (991M)
Cash from Financing Activities (1.2B) (1.4B) (2.5B) (520M) (1.8B) (1.7B) (3.0B) (579M) (953M) (19M)
Cash Position
Cash at Beginning of Period 155M 146M 151M 150M 1.5B 1.2B 472M 620M 463M 625M
Cash at End of Period 146M 151M 150M 1.5B 1.2B 472M 620M 463M 625M 161M
Free Cash Flow
Free Cash Flow (Reported) 713M 870M 798M 1.1B 356M 521M 2.5B 576M 461M (1.0B)
Free Cash Flow (Calculated) 713M 870M 798M 1.1B 356M 521M 2.5B 576M 506M (976M)

Analysis

What do Origin Energy's (ORG) revenue, margins and earnings per share look like over time?

Revenue at Origin Energy climbed from $11.9B in FY2016 to $17.1B in FY2025, a cumulative increase of roughly 44% over the decade, though the climb included setbacks — sales fell from $14.8B in FY2019 to $12.9B in FY2020 and $11.9B in FY2021 before recovering to $14.4B in FY2022, $16.4B in FY2023 and $16.1B in FY2024. FY2025 produced the highest revenue figure in the reported record.

Gross profit margin has been uneven, starting at 24.8% in FY2016, falling to a low of 6.9% in FY2022, then recovering to 19.7% in FY2024 and 19.2% in FY2025. Operating income margin followed a similar pattern, turning negative at -2.6% in FY2022 — the only loss-making operating year in the reported figures — before improving to 6.4% in FY2023, 5.9% in FY2024 and 5.7% in FY2025.

Diluted earnings per share mirrored this volatility, moving from -$0.37 in FY2016 to -$1.27 in FY2017, then to positive figures of $0.12 in FY2018 and $0.69 in FY2019, near break-even at $0.047 in FY2020, back to losses of -$1.30 in FY2021 and -$0.81 in FY2022, and finally to gains of $0.61, $0.81 and $0.86 in FY2023, FY2024 and FY2025 respectively.

Updated 5 Jul 2026

How strong is Origin Energy's (ORG) balance sheet, and how has its debt and equity position changed?

Origin Energy's total assets have declined over the reported period, from $33.4B in FY2015 to $21.0B in FY2025, with the balance sheet shrinking most sharply between FY2015 and FY2021 ($21.0B). Total liabilities fell over the same span, from $19.2B in FY2015 to $11.1B in FY2025, while total equity moved from $12.7B in FY2015 to a low of $8.9B in FY2023 before recovering to $9.9B in FY2025.

Long-term loans fell sharply from $11.8B in FY2015 to a low of around $2.6B in FY2022 and FY2023, before rising again to $3.3B in FY2024 and $4.3B in FY2025. Short-term debt, which peaked at $1.9B in FY2021, was eliminated entirely by FY2025. Against equity of $9.9B, long-term debt equated to roughly 0.44 times equity in FY2025, down from about 0.93 times in FY2015. Cash held on the balance sheet stood at $161M in FY2025, well below the $1.5B peak recorded in FY2019.

Retained earnings declined steadily across the reported years, from $7.5B in FY2015 to $498M in FY2023, before turning negative for the first time at -$1.83B in FY2024 and improving slightly to -$1.3B in FY2025. This shift reflects the cumulative effect of loss-making years on accumulated earnings, even as total equity remained positive at $9.9B and long-term leverage relative to equity eased from its FY2015 level.

Updated 5 Jul 2026

How much cash does Origin Energy (ORG) generate and return to shareholders?

Operating cash flow has ranged from a high of $2.8B in FY2022 down to $425M in FY2025, its lowest point in the reported decade. Capital expenditure has also grown heavier recently, reaching -$1.5B in FY2025 versus -$336M in FY2022, and free cash flow — positive in every year from FY2016 through FY2024, peaking at $2.5B in FY2022 — turned negative at -$1.0B in FY2025 as spending outpaced operating cash generated.

Shareholder returns have grown over the period even as free cash flow weakened: dividends paid rose from $418M in FY2016 (after near-zero payouts of $2M in FY2017 and FY2018) to $991M in FY2025. Share buybacks have run alongside dividends since FY2019, ranging from $4M in FY2023 up to $325M in FY2022 and $82M in FY2025, meaning shareholder distributions in FY2025 were funded despite free cash flow being negative that year.

Updated 4 Jul 2026

AI-assisted analysis generated from Craytheon's verified financial data · How this works

Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.