Contact Energy (CEN) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed shareholders, introduced Board and leadership, and outlined safety procedures for the meeting.

• Meeting agenda included Chair and CEO addresses, four resolutions, and Q&A opportunities for shareholders both in-person and online.

Financial performance review

• FY 2026 net profit reached NZD 423 million, with operating earnings (EBITDAF) of NZD 1,011 million.

• 98% of generated energy was from renewable sources, up from 81% five years ago.

• Annual dividend increased by 3% to NZD 0.40 per share.

• Share price rose from NZD 4.95 to NZD 8.51 over ten years, with a 12.4% average annual return including dividends.

Board and executive committee updates

• Rob McDonald announced his retirement as Chair after eight years, with Jon Macdonald succeeding him.

• Board highlighted the importance of leadership continuity and robust governance.

• Two directors, David Smol and Rukumoana Schaafhausen, stood for re-election; Alison Barrass stood for election as a new director.