Mercury NZ Limited (ASX:MCY) Announces HY2025 Results and Interim Dividend
Financial Performance
Mercury NZ Limited reported a 9.35% increase in total revenue for the first half of 2025, reaching NZD 1.755 billion. However, the company experienced a net loss of NZD 67 million, a decrease of 138.51% compared to the prior period.
Dividend Declaration
The Board has declared a fully imputed interim dividend of 9.6 cents per share, a 3% increase from the 1HY24 interim dividend. The record date is set for 6 March 2025, with payment scheduled for 1 April 2025.
Investment in Renewables
Mercury NZ continues its commitment to renewable energy, reinvesting nearly 50% of its first-half earnings into new and existing renewable assets. The company is constructing three renewable projects, including the Kaiwaikawe Wind Farm and the Ngā Tamariki Geothermal Station expansion.
Executive Comments
Chair Scott St John stated, “Despite challenging operational conditions, we’ve continued to pursue growth in new renewables and importantly, support security of supply.” Chief Executive Stew Hamilton commented, “There is an enormous level of activity underway to support New Zealand’s electrification and further improve security of supply, including construction of more renewables. I’m incredibly proud of the hard work our team are putting in, with three new builds currently on the go.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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