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28 Feb 2026 11:10
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      Home > News > Business

    Mercury's putting a surge in revenue down to improved hydro-conditions - and lower operating costs

    Mercury's putting a surge in revenue down to improved hydro-conditions - and lower operating costs


    The power retailer's total earnings for last year's second half were 28 percent up on the year before - at 537 million dollars.

    It pulled in 20 million dollars in profits - jumping 130 percent.

    Chief executive Stew Hamilton says this allows further investment in renewables - and sustainable shareholder returns.

    Contact and Genesis have announced capital raises, but Mercury says its balance sheet is strong with capital headroom.

    © 2026 Newstalk ZB, NZCity

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    Moana Pasifika's defensive frailties have continued to hurt them in Super Rugby for a second week in a row More...

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    The average Auckland ratepayer will be paying an average of 320 dollars more a year, if the council's annual plan passes More...


     Today's News

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     Law and Order:
    A knife has been found at the scene of a serious late night assault in Auckland's CBD, which left two people injured 10:47

     Business:
    The average Auckland ratepayer will be paying an average of 320 dollars more a year, if the council's annual plan passes 10:47

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     Law and Order:
    A 22 year old Hawke's Bay man has been exposed as the planner of a mass killing and a distributor of child sexual exploitation material 10:27

     Health & Safety:
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     Politics:
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     Entertainment:
    Justin Trudeau's son approves of his romance with Katy Perry 8:21

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