Meridian Energy Cash Flow Statement

Financials in millions NZD. Fiscal year is July - June.

Millions NZD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	-104	-452	429	95	664	428
Depreciation & Amortization	465	429	304	266	278	285
Other Amortization	18	18	30	28	22	18
Loss (Gain) on Sale of Assets	-11	-11	-	-	-	1
Asset Writedown	-	-	-	-	-	-6
Stock-Based Compensation	-	-	-	1	1	2
Change in Accounts Receivable	130	130	-202	68	84	-169
Change in Accounts Payable	-193	-193	269	-95	-114	214
Change in Income Taxes	-100	-100	39	15	-5	-42
Change in Unearned Revenue	-	-	-	2	-10	-
Change in Other Net Operating Assets	88	88	-76	-23	-1	-60
Other Operating Activities	311	409	-126	152	-244	-240
Net Cash from Discontinued Operations	-	-	-	-	-214	-
Operating Cash Flow	604	318	667	509	461	431
Operating Cash Flow Growth	45.89%	-52.32%	31.04%	10.41%	6.96%	-28.76%
Capital Expenditures	-110	-143	-281	-316	-141	-76
Sale of Property, Plant & Equipment	-	-	-	2	2	-
Cash Acquisitions	-66	-	-	-	-	-
Divestitures	-	-	8	-	768	-
Sale (Purchase) of Intangibles	-27	-41	-40	-13	-31	-38
Investment in Securities	-121	-	-	-	-	-
Other Investing Activities	-7	-7	-14	-	-	-
Investing Cash Flow	-331	-191	-327	-327	598	-114
Long-Term Debt Issued	-	531	467	255	210	108
Long-Term Debt Repaid	-	-363	-360	-163	-692	-17
Net Debt Issued (Repaid)	173	168	107	92	-482	91
Repurchase of Common Stock	-3	-6	-2	-2	-2	-3
Common Dividends Paid	-371	-387	-436	-423	-360	-433
Financing Cash Flow	-201	-225	-331	-333	-844	-345
Net Cash Flow	72	-98	9	-151	215	-28
Free Cash Flow	494	175	386	193	320	355
Free Cash Flow Growth	187.21%	-54.66%	100.00%	-39.69%	-9.86%	-36.83%
Free Cash Flow Margin	10.77%	3.62%	7.95%	5.99%	8.48%	8.96%
Free Cash Flow Per Share	0.19	0.07	0.15	0.07	0.12	0.14
Cash Interest Paid	85	87	80	65	76	82
Cash Income Tax Paid	83	195	160	154	145	179
Levered Free Cash Flow	426	64.38	357	129.88	444	443
Unlevered Free Cash Flow	485.38	124.38	402.63	149.25	404.63	444.25
Change in Working Capital	-75	-75	30	-33	-46	-57

Source: S&P Global Market Intelligence. Utility template. Financial Sources.