Mercury reports record earnings of $1.07 billion on strong hydro conditions
Energy company Mercury lifted its dividend after earnings jumped 36% to $1.07 billion, driven by favourable hydro conditions and increased generation.
Mercury posted earnings of $1.068 billion for the year to June 30, up from $786 million a year earlier, exceeding upgraded guidance by $18 million. Operating cash flow rose 58% to $762 million while total generation increased 15% to 9,070 gigawatt hours. The company reinvested a record $710 million in new and existing generation assets and has reviewed its dividend policy in light of the strong performance.
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NZ Herald
Mercury rebounds on strong hydro, lifts dividend
Mercury's net profit shot higher in 2026 after a difficult 2025.
BusinessDesk
Mercury reviews dividend policy as earnings hits record $1.07b
Mercury has lifted its longer-term earnings target after a strong year in which o perating earnings rose 36%, and the gentailer reinvested a record $710 million in new and existing generation assets. The company reported earnings (ebitdaf) of $1.068 billion…
Newstalk ZB
Stew Hamilton: Mercury Energy CEO on the company posting an improved increase in earnings
Mercury Energy has recorded a huge surge in profit, thanks to favourable hydro conditions and renewable power generation.
BusinessDesk
Power station build rate may cap datacentre growth: Mercury CEO Stew Hamilton
Mercury believes New Zealand may have room for only two or three large datacentres over the next five to 10 years, with the pace of new electricity generation rather than demand for computing likely to be the main constraint. On…