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Contact Energy Limited (ASX:CEN)

ALERT: Price-sensitive ASX Announcement for CEN
Current share price for CEN : $6.980 -0.54 (-7.18%)+
Announcement
Release
10 Aug 2026 7:30AM
Price at Release
$7.520
Full Release
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Summary
Contact Energy Limited reported strong performance for the financial year ending June 30, 2025, driven by significant investments in renewable energy projects. The company completed $1.2 billion in renewable generation projects, adding 225MW, with another $1.1 billion in projects underway. Contact's acquisition of Manawa Energy enhances its generation portfolio, providing benefits in renewable energy capacity and market position. The company remains focused on supporting New Zealand's energy transition and economic growth through strategic investments and partnerships. Financial performance was impacted by volatile hydro conditions and gas supply constraints, which Contact addressed through strategic contracting and investments.
Key Points
  • Strong financial performance for FY25.
  • Completion of $1.2 billion in renewable projects.
  • $1.1 billion in projects under construction.
  • Acquisition of Manawa Energy enhances portfolio.
  • Focus on supporting New Zealand's energy transition.
  • Strategic investments and partnerships.
  • Impact of volatile hydro conditions and gas supply constraints.
  • Revenue for FY25 was $3,439 million with a profit of $331 million.
  • Investment in geothermal, solar, and grid-scale batteries.
  • Commitment to Net Zero emissions by 2035.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.