Infigen Energy Limited reported earnings results for the year ended 30 June 2018. For the year, the company's net profit after tax (statutory) was $45.7 million against $32.3 million a year ago. Underlying EBITDA was $149.1 million against $139.3 million a year ago. Operating cash flow was $100.4 million against $98.7 million a year ago. Free cash flow was $97.8 million against $97.8 million a year ago. Net debt as at June 30, 2018 was $531.2 million against $405.5 million as at June 30, 2017. Net revenue was $210.1 million against $196.7 million a year ago. Underlying NPAT was $45.1 million. Operating EBITDA was $166.8 million against $156.4 million a year ago. Revenue increase due to higher production sold; maintenance of electricity price in SA and slightly higher electricity prices in NSW. Underlying EBITDA increased as a result of higher production levels. Net profit after tax increased notwithstanding termination costs associated with the refinancing and fiscal year 2018 not benefitting from one-off development gains. Net operating cash flow of $100.4 million and free cash flow of $97.8 million.

The company provided that production will increase by up to 14% in the fiscal year 2019 with Bodangora WF on line (~24% in the fiscal year 2020). El Nino wind patterns are forecast to return in the fiscal year 2019. This may result in slightly reduced production from individual assets compared to the fiscal year 2018 levels.