close
MENU
Hot Topic EARNINGS
Hot Topic EARNINGS
Investment
1 mins to read

Mercury earnings drop in ‘challenging’ half

Electricity generator and retailer announces dividend increase. Retail prices to rise an average 9.7% from April.

Mercury’s hydro generation volume was 236GWh lower in the six months to December than the previous corresponding period.

NBR Staff Tue, 25 Feb 2025
Key points
  • Revenue: up 9% to $1.76b
  • Net loss: $67m
  • Key takeaway: hydro generation and non-cash derivative valuations drive result.

 

 

Reduced hydro generation and increased electricity purchases contributed to a 3.7% decline in operating profit for electricity generator and retailer Mercury for the half year to December.

In a statement to the NZX, Mercury described the result as “robust”.

“Despite challenging operational

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Smartphone Only Annual Subscription

NZ$249.00 / yearly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Subscription

NZ$29.95 / monthly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
NBR Staff Tue, 25 Feb 2025
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Key points
  • Revenue: up 9% to $1.76b
  • Net loss: $67m
  • Key takeaway: hydro generation and non-cash derivative valuations drive result.

 

 

Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Mercury earnings drop in ‘challenging’ half
Investment,
107973
true