Ampol has reported stronger shop sales and margins in its Australian convenience retail network during the third quarter of 2025, despite lower fuel volumes and challenging weather conditions.
In its quarterly trading update, Ampol said network shop sales grew 1.8 per cent compared with the same period last year (excluding tobacco and U-GO conversions), while gross margins increased by 295 basis points.
The company noted that “persistent inclement weather in August, particularly in New South Wales and Queensland, impacted sales volumes before returning to expectations in September as weather conditions normalised.”
Fuel volumes across the Convenience Retail segment fell 5.8 per cent to 864 million litres in the quarter, reflecting a 5.0 per cent decline year to date. Ampol said the division “delivered another strong performance, albeit softer than the same quarter last year which had benefited from favourable market conditions of declining fuel input costs.”
Group earnings for the period were ahead of the first-half quarterly average and showed a “material improvement” compared with the same quarter last year.
Ampol’s Lytton refinery recorded a refiner margin of US$10.64 per barrel, more than double the previous year, supported by stronger Singapore refined product cracks and global refinery outages. Total refinery production was 1,252 million litres, up 37 per cent year on year, despite a planned Alkylation Unit Turnaround and Inspection.
Ampol said it remains on track to achieve a $50 million cost-out program, with further details to be provided in the full-year results.
The company also confirmed progress on its proposed acquisition of EG Australia, with a submission lodged to the Australian Competition and Consumer Commission on 10 October 2025.
Ampol said refiner margins have continued to strengthen into October, while Australian convenience retail and New Zealand fuel margins are “performing strongly” as market conditions stabilise.
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