Meridian Energy reported a net profit after tax of NZ$130 million for the fiscal year ending June 30, 2026. This result marks a significant turnaround from the previous year’s net loss. Ebitdaf rose 72% to NZ$1.05 billion, meeting market expectations.
Operating cash flow increased by 155% during the period. Underlying profit grew to NZ$308 million, up from NZ$56 million in the prior year. The company declared a final dividend of 16.10 NZ cents per share.
Management is prioritizing strategic investments in wind, solar, and battery projects. These initiatives aim to expand renewable energy capacity to meet rising demand.