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Mercury NZ
Mercury NZ (MCY) investor relations material
Mercury NZ Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary21 Apr, 2026
Executive summary
Achieved strong Q3 performance with higher renewable generation and disciplined portfolio management, resulting in a 27% increase in trading margin to $325m compared to the same quarter last year.
Upgraded FY2026 EBITDAF guidance to $1.05b, reflecting operational momentum and strategic execution.
Key milestones reached in renewable development, including the opening of Ngā Tamariki geothermal station OEC5 and early generation from Kaiwera Downs Stage 2 wind farm.
Financial highlights
Trading margin for Q3 was $325m, up $69m or 27% year-over-year; YTD trading margin rose $172m to $1,031m.
Generation volume for Q3 was 1,997GWh, up 286GWh year-over-year; YTD generation volume increased by 824GWh to 6,726GWh.
Hydro inflows improved significantly, reaching the 76th percentile for the quarter and 86th percentile YTD, compared to record lows last year.
Outlook and guidance
FY2026 EBITDAF guidance upgraded to $1.05b, reflecting confidence in continued operational and financial performance.
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Latest events from Mercury NZ
- EBITDAF up 28% to $537m, with $20m net profit and strong renewables investment.MCY
H1 202610 Apr 2026 - Profit and dividends up, with strong focus on renewables and customer initiatives.MCYAGM 20243 Feb 2026
- Targets 3.5 TWh new renewables by 2030 and FY30 EBITDAF of $1.15–$1.25bn.MCYInvestor Day 20253 Feb 2026
- Despite lower profits, renewable investment and dividend growth remain strong.MCYAGM 20253 Feb 2026
- EBITDAF hit NZ$877m, net profit NZ$290m, with lower FY25 outlook amid ongoing renewables growth.MCYH2 20241 Feb 2026
- Hydro inflows cut spot prices, lifted generation, and new geothermal capacity nears completion.MCYQ2 2026 TU20 Jan 2026
- EBITDAF strong at NZD 418m, net loss from derivatives, renewables investment and guidance steady.MCYH1 202529 Dec 2025
- FY 2025 EBITDA/EBITDAF was $786M; FY 2026 guidance targets $1B and continued dividend growth.MCYH2 202523 Nov 2025
- Accelerating renewable growth and strong returns drive value in a leading NZ energy portfolio.MCYInvestor Presentation29 Sep 2025
Next Mercury NZ earnings date
H2 202619 Aug, 2026
Mercury NZ
Next Mercury NZ earnings date
H2 202619 Aug, 2026
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@theshortbearx.com
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