Ampol’s statutory net profit swung to A$1.36 billion for the six months ended June 30, 2026, from a A$25.3 million loss a year earlier, as Middle East supply disruptions and Russian refining outages lifted global petroleum and refining margins. Replacement cost net profit, which excludes the impact of oil-price movements on inventories, rose more than fourfold to A$857.2 million from A$180.2 million, above a Visible Alpha consensus estimate of A$840 million. Lytton refinery replacement cost EBIT surged to A$533.4 million, while the Fuels and Infrastructure division reached A$1.13 billion. Convenience Retail also improved, but New Zealand earnings declined. Ampol declared a fully franked interim dividend of A$1.85 per share, and its shares rose 2.1% to A$40.70 in morning trading. Chief Executive Matt Halliday said market conditions appeared tighter for longer but cautioned that first-half conditions were exceptional. The U.S. dollar conversion used was $1 = A$1.3951.