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flag Mercury NZ's earnings surged 28% to $537M, driven by hydro gains, cost cuts, and renewables progress, with full-year target reaffirmed.

flag Mercury NZ reported strong first-half earnings, with ebitdaf rising 28% to $537 million, reversing a prior-year loss, driven by favorable hydro conditions, lower costs, and renewable project progress. flag The company affirmed its full-year ebitdaf target of $1 billion, increased its interim dividend to 10 cents per share, and remains on track to add 3.5 terawatt-hours of renewable generation by 2030. flag Key projects, including the Ngā Tamariki Geothermal Station and Kaiwera Downs Stage 2 wind farm, are on budget and schedule, supported by a strong balance sheet and conservative risk management.

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