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Mercury NZ Limited (ASX:MCY)

ALERT: Price-sensitive ASX Announcement for MCY
Current share price for MCY : $5.865 0.585 (11.08%)+
Announcement
Release
22 Apr 2026 7:36AM
Price at Release
$5.280
Full Release
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Summary
Mercury NZ Limited reported a robust third quarter for FY2026 with substantial gains in trading margin, boosted by renewable energy generation and strategic portfolio management. The company's trading margin surged 27% year-over-year to $325 million, prompting an upgrade in full-year EBITDAF guidance to $1.05 billion. Major milestones included the opening of the Ngā Tamariki geothermal station and advancements in hydro refurbishment and wind farm projects. Furthermore, Mercury signed a significant power purchase agreement with Datagrid New Zealand, enhancing its support for new demand and AI infrastructure. Generation volumes saw a noteworthy increase, reflecting the company's continued focus on renewable energy and strategic growth initiatives.
Key Points
  • Mercury NZ Limited reported a strong performance in the third quarter of the fiscal year 2026.
  • The company's trading margin increased by 27% year-over-year to $325 million, leading to an upgraded full-year EBITDAF guidance of $1.05 billion.
  • Renewable energy generation and portfolio management contributed to the positive results, with a focus on geothermal, wind, and hydroelectric power.
  • Key milestones were achieved, including the opening of the Nga Tamariki geothermal station and progress in hydro refurbishment and wind farm developments.
  • A new power purchase agreement was signed with Datagrid New Zealand for a 140MW capacity to support AI infrastructure growth.
  • Generation volumes increased by 286 GWh compared to the previous corresponding period, reflecting enhanced renewable generation capacity.
  • The company continues to advance its strategic priorities with a focus on renewable energy and asset renewal programs.
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.