Mercury FY26 slides: record earnings, raised targets, dividend review
Mercury NZ Limited (NZX:MCY) presented its full-year FY26 results on August 18, 2026, showcasing what Chief Executive Stew Hamilton described as a year of "proven delivery" with record financial performance and significant renewable energy investments. The New Zealand utility reported EBITDAF of $1,068 million, a 36% increase from the prior year, while maintaining strict cost discipline and advancing its largest-ever capital investment program.
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Mercury NZ Limited (NZX:MCY) presented its full-year FY26 results on August 18, 2026, showcasing what Chief Executive Stew Hamilton described as a year of "proven delivery" with record financial performance and significant renewable energy investments. The New Zealand utility reported EBITDAF of $1,068 million, a 36% increase from the prior year, while maintaining strict cost discipline and advancing its largest-ever capital investment program. The presentation, delivered by Hamilton alongside Chief Financial Officer Richard Hopkins and Head of Business Performance Paul Ruediger, outlined a strengthened earnings base, an expanded development pipeline targeting 3.5 TWh of new generation by 2030, and a forthcoming review of dividend policy settings. Shares initially traded flat at $5.52 on the announcement date but have since risen 1.99% to $5.63, reflecting investor digestion of the comprehensive growth strategy.
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- Mercury NZ Limited (NZX:MCY) presented its full-year FY26 results on August 18, 2026, showcasing what Chief Executive Stew Hamilton described as a year of "proven delivery" with record financial performance and significant renewable energy investments. The New Zealand utility reported EBITDAF of $1,068 million, a 36% increase from the prior year, while maintaining strict cost discipline and advancing its largest-ever capital investment program.
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Mercury FY26 slides: record earnings, raised targets, dividend review
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