New Zealand · Delayed Price · Currency is NZD Genesis Energy Earnings Call Transcripts
Fiscal Year 2026
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Record half-year earnings driven by operational flexibility and margin improvements, with strong growth in renewables and a robust capital management strategy. FY 2032 EBITDAF outlook raised to NZD 650–750 million, supported by a NZD 400 million equity raise and a NZD 2 billion investment pipeline.
Fiscal Year 2025
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Gen35 strategy is accelerating renewable growth, digital transformation, and operational flexibility, targeting over 95% renewables and mid to upper NZD 500m EBITDAF by FY28. Huntly's flexible role, robust capital management, and a diversified pipeline position the business for resilient, value-driven growth.
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The meeting highlighted strong financial results, a $0.143 dividend, and progress on the Gen35 strategy, including new renewables and technology upgrades. Directors were re-elected, and governance practices were discussed. Key risks include gas supply decline and emissions targets.
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Strong FY 2025 results with EBITDA and net profit up year-over-year, driven by portfolio flexibility, retail transformation, and disciplined capital management. Outlook remains positive with EBITDA growth targeted through 2028, digital investment peaking in FY 2026, and continued focus on operational reliability and customer innovation.
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Half-year FY 2025 EBITDA rose 7% to NZD 216.5 million, with strong retail and wholesale performance despite volatile market conditions. FY 2025 EBITDA guidance is NZD 460 million, with a strategic focus on renewables, flexible generation, and cost management.
Fiscal Year 2024
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The meeting reviewed a challenging year marked by lower earnings due to outages and gas shortages, a reset dividend to fund renewables, and the launch of the Gen35 strategy targeting 35% earnings growth by FY 2028. Shareholders approved the re-election of two directors and discussed key risks, strategic investments, and sustainability initiatives.
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FY24 saw earnings decline due to adverse hydrology, gas shortages, and outages, but strategic objectives were met, with strong progress in renewables and resilience in operations. Guidance for FY25 remains cautious amid ongoing market volatility and supply risks.