Ampol Ltd, Australia’s largest fuel retailer, reported first-half 2025 net profit after tax of A$180.2 million, a 23 percent decline from a year earlier, as weak Singapore refining margins and cyclone-related outages squeezed earnings at its Lytton refinery. Revenue from ordinary activities fell to A$15.3 billion and underlying operating profit at the refinery dropped to A$1.1 million from A$89.5 million. The company declared an interim dividend of 40 Australian cents a share, down from 60 cents last year, but its result exceeded the Visible Alpha consensus of about A$166 million. Lytton’s margin averaged US$7.44 a barrel during the half and improved to US$9.95 in July, suggesting some recovery in the current period. Ampol said business conditions in its fuel and infrastructure, convenience-retail and New Zealand units are broadly unchanged and reiterated the strategic rationale for last week’s A$1.1 billion agreement to buy EG Group’s Australian service-station network. The company also warned that Australia could lag international peers in renewable fuels unless federal policy provides incentives or mandates to underpin local production.