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24 Feb 2026 19:46
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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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