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Mercury NZ Limited (ASX:MCY)

ALERT: Price-sensitive ASX Announcement for MCY
Current share price for MCY : $5.640 0.37 (7.02%)+
Announcement
Release
24 Feb 2026 7:30AM
Price at Release
$5.270
Full Release
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Summary
Mercury NZ Limited reported strong financial performance for HY26, with substantial investment in renewable energy projects. The company's EBITDAF reached $537 million, up 28% from HY25, driven by above-average hydro generation and cost management efforts. Net Profit After Tax (NPAT) was $20 million, reflecting a significant increase from the previous year. Mercury's strategic focus includes adding 3.5 TWh of new renewable generation by 2030 and investing in existing hydro assets. The interim dividend was set at 10 cents per share, with full-year guidance on track. The balance sheet remains robust, supporting investments in high-quality renewable projects and sustainable shareholder returns.
Key Points
  • Mercury's EBITDAF for HY26 was $537 million, a 28% increase from HY25.
  • Net Profit After Tax (NPAT) was $20 million, an improvement from HY25.
  • The interim dividend was 10 cents per share.
  • Significant investment in renewable energy, targeting 3.5 TWh of new generation by 2030.
  • Continued focus on strategic cost management and renewable energy development.
  • The company is investing in new and existing generation assets, with half of HY26 earnings reinvested.
  • Balance sheet strength supports ongoing renewable energy investments and customer value.
  • Plans to invest $590 million in hydro refurbishment over the next decade.
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.