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Mercury NZ Limited (ASX:MCY)

ALERT: Price-sensitive ASX Announcement for MCY
Current share price for MCY : $5.510 0.06 (1.10%)+
Announcement
Release
22 Jul 2026 7:31AM
Price at Release
$5.450
Full Release
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Summary
Mercury NZ Limited reported a robust Q4 performance, with a trading margin of $390 million, up 33% from the previous year. The company's YTD trading margin increased by $269 million to $1,421 million, supported by higher generation volumes and effective portfolio management. Mercury's renewable energy projects made significant advancements, with key wind farm projects on schedule and geothermal efforts progressing with substantial investments. The company also introduced new electricity plans to provide customers with more control over energy costs.
Key Points
  • Mercury NZ Limited delivered a strong fourth quarter with a trading margin of $390 million, up 33% on the previous corresponding period (PCP).
  • Year-to-date (YTD) trading margin increased by $269 million to $1,421 million.
  • Generation volume for the quarter was 2,344 GWh, an increase of 339 GWh on PCP.
  • YTD generation volume increased by 1,163 GWh to 9,070 GWh.
  • Hydrological inflows were at the 61st percentile, compared to the 79th percentile in the PCP.
  • Mercury achieved significant milestones in renewable development and asset renewal programs, including progress at Kaiwera Downs and Kaiwaikawe wind farms.
  • Geothermal development is advancing, with $75 million committed to appraisal drilling.
  • Mercury launched new Time of Use electricity plans called Flex Rates for retail customers.
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.