Mercury NZ
MCY.ASXUtilities
Electricity generation and electricity retailing.
Market Data
$5.870
+0.0%$8.4B
111.0x
$0.063
3.59%
+0.0%
Latest Earnings
HY2026 Half Year Results
24 February 2026
Mercury delivered strong HY2026 performance with EBITDAF surging 28% to NZ$537M despite 5% revenue decline, supported by above-average hydro generation and lower operating costs. The company reinvested 50% of earnings into renewable projects totalling $1B investment, with full-year EBITDAF guidance of $1.0B on track. Net profit recovered strongly to NZ$20M from prior year, with interim dividend maintained at 10 cents per share. Key points: EBITDAF jumped 28% to NZ$537M driven by above-average hydro generation and cost discipline; Strong recovery in NPAT to NZ$20M vs prior year, representing 130% improvement; Massive $1B investment in renewable projects progressing on budget and on time
Recent Announcements
FY2026 EBITDAF guidance upgraded to $1.05b
Mercury NZ Limited (MCY) upgraded its FY2026 EBITDAF guidance from $1.0 billion to $1.05 billion, reflecting disciplined portfolio management and higher forecast renewable generation from hydro and new generation assets.
HY2026 Half Year Results
Mercury delivered strong HY2026 performance with EBITDAF surging 28% to NZ$537M despite 5% revenue decline, supported by above-average hydro generation and lower operating costs. The company reinvested 50% of earnings into renewable projects totalling $1B investment, with full-year EBITDAF guidance of $1.0B on track. Net profit recovered strongly to NZ$20M from prior year, with interim dividend maintained at 10 cents per share. Key points: EBITDAF jumped 28% to NZ$537M driven by above-average hydro generation and cost discipline; Strong recovery in NPAT to NZ$20M vs prior year, representing 130% improvement; Massive $1B investment in renewable projects progressing on budget and on time
2026 Half Year Results Presentation
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Earnings Release - 24 February 2026
Upcoming earnings release expected 24 February 2026 (from Yahoo Finance (confirmed))
FY2025 Full Year Results
Mercury NZ reported FY2025 earnings down 100% to $1M NPAT (from $290M) due to challenging hydro conditions (4th lowest Waikato inflows since 1980), lower wind speeds, and unrealised losses on electricity derivatives, though EBITDAF of $786M declined only 10%. Despite near-term headwinds, the company advanced major renewable builds ($1B invested in three projects) and guided to $1B EBITDAF for FY26 with 4% dividend growth to 25 cents per share. Key points: Revenue grew 2% to $3,498M despite severe hydro generation challenges (4th lowest Waikato inflows since 1980, 17% lower hydro generation); Maintained strong dividend commitment with 3% increase to 24.0 cps fully imputed, supported by $1B invested in major renewable generation projects simultaneously under construction; Retail customer base expanded 5% to 906,000 connections with 38% now purchasing multiple products, demonstrating effective customer strategy
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