Mercury NZ Limited Ordinary Shares
MCY.NZXUtilities
Mercury (formerly Mighty River Power - NZX: MRP) is a company with a long heritage in renewable energy in New Zealand serving about 1-in-5 homes and businesses under the Mercury brand and other specialty brands, including the leading pre-pay product GLOBUG. Mercury also has proven capability and technical expertise in smart metering services and solar. Mercury's electricity generation is 100% renewable, with the hydro and geothermal power stations operated by Mercury producing enough renewable electricity for about 1 million New Zealand homes. The nine hydro stations dating back to the 1920s make up the Waikato River Hydro System, accounting for about 10% of the country's total electricity supply that is predominantly hydro. Mercury led a renaissance in geothermal energy over the past decade with an innovative investment programme in partnership with local Maori landowners, enabling the completion of three major geothermal projects in 2008 (Kawerau), 2010 (Nga Awa Purua) and 2013 (Ngatamariki). These sustainably harness natural heat deep underground, producing steady 'base-load'electricity - normally running 24/7 and are not dependent on the weather like other forms of renewable generation. The company has established a leadership position in encouraging the electrification of transport, supporting the adoption of e-bikes and electric vehicles, partnering on charging infrastructure and moving 70% of the company's vehicle fleet to plug-in by 2018. Mercury was publicly listed on the New Zealand and Australian stock exchanges in May 2013 with a large New Zealand ownership base, alongside the Government as majority owner. The company was renamed Mercury NZ Limited (NZX: MCY) on 29 July 2016.
Market Data
$6.950
+0.0%$9.9B
111.2x
$0.062
4.91%
+0.2%
Recent Announcements
Mercury scaling geothermal platform
Mercury NZ Limited is committing $75 million to geothermal appraisal drilling at two projects (Ngā Tamariki and Rotokawa) near Taupō, with potential for up to $1 billion total investment to add 1TWh of new geothermal generation capacity by 2030, supporting New Zealand's renewable energy transition and major energy user demands.
Ongoing Disclosure Notice
Robert David Hamilton, a director of Mercury NZ Limited, acquired 121 ordinary shares (increasing his holding from 7,500 to 7,621 shares) on 30 April 2026 for $747.61 as a make-up transaction to correct an administrative error in implementing his Dividend Reinvestment Plan election.
Quarterly Operational Update
Mercury NZ Limited reported strong Q3 FY26 operational performance with trading margin of $325m (up 27% YoY) and upgraded full-year EBITDAF guidance to $1.05b, driven by higher renewable generation, successful completion of the Ngā Tamariki geothermal station, and progress on hydro refurbishment and wind farm developments.
FY2026 EBITDAF guidance upgraded to $1.05b
Mercury NZ Limited (MCY) upgraded its FY2026 EBITDAF guidance from $1.0 billion to $1.05 billion, citing disciplined portfolio management and higher forecast renewable generation from hydro and new generation assets.
Ongoing Disclosure Notices
Three directors and senior managers of Mercury NZ Limited disclosed acquisitions of ordinary shares on 1 April 2026 through the company's Dividend Reinvestment Plan: Stewart Allan Hamilton (CEO) acquired 178.33 shares across two holdings, Craig Bernard John Neustroski (Chief Strategy and Transformation Officer) acquired 108 shares via the 316 Family Trust, and Susan Ruth Peterson (Director) acquired 84 shares.
Capital Change Notice
Mercury NZ Limited issued 422,107 performance share rights (PSRs) to senior executives under its Executive LTI Plan on 16 April 2026, with no consideration payable and a $0 exercise price; conversion to ordinary shares is contingent on meeting performance hurdles over a 3-year period.
ASX Disclosure - DRP Capital Changes
Mercury NZ Limited is applying for quotation of 7,647,925 ordinary fully paid foreign exempt NZX securities (ASX code: MCY) issued under a dividend or distribution plan, with an issue date of April 1, 2026.
Capital Change Notice relating to DRP
Mercury NZ Limited issued 7,647,925 new ordinary shares on 1 April 2026 under its Dividend Reinvestment Plan (DRP) for the FY2026 interim dividend at $6.1786 per share, representing 0.54% of the total share class.
Quotation Notice - Mercury NZ Limited Bonds ("MCY080")
Mercury NZ Limited is issuing NZ$250 million of unsecured, unsubordinated fixed rate green bonds (MCY080) with a 5.17% interest rate, maturing on 1 April 2033, with the offer opening on 23 March 2026 and expected to commence trading on the NZX Debt Market on 2 April 2026.
Mercury Green Bond offer – final terms sheet
Mercury NZ Limited issued $250 million in 7-year unsecured green bonds maturing 1 April 2033, with a fixed interest rate of 5.17% per annum, proceeds to be allocated to refinance existing debt and finance renewable energy projects (wind and geothermal) under its Green Financing Framework and Climate Bonds Standard certification.
Get real-time alerts for MCY
Receive AI-powered earnings summaries and instant notifications when Mercury NZ Limited Ordinary Shares releases results.
Register Free