Key Takeaways Expansion in renewables and digital offerings is driving operational efficiency, margin improvement, and resilience against sector volatility. Diversified funding and disciplined capital management are enabling continued investment in growth while maintaining stable dividends and cash flow.Read more

NZ$6.89

5.5% undervalued

AnalystConsensusTarget Fair Value

Revenue growth

0.94% p.a.

Profit Margin

10.48%

Future PE

31.93x

Share price in 2028

NZ$8.41

Snowflake Analysis

Slight risk and fair value.

4 Risks

2 Rewards

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Mercury NZ Limited Key Details

Last Reported Earnings

Jun 30, 2025

Next Reporting Earnings

n/a

: 0.00071
: 16.61%
: 0.029%
: 45.3%

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About MCY

Founded: 1998
Employees: 1364
CEO: Stewart Hamilton
WebsiteView website: www.mercury.co.nz

Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity and related activities in New Zealand. The company operates through Generation/Wholesale, Customer, and Other segments. It operates 9 hydro generation stations on the Waikato River; 5 wind plants; and 5 geothermal generation stations in the central North Island. The company also sells electricity to residential, commercial, industrial, and spot market customers under the GLOBUG, Trustpower, and Mercury brands. In addition, it provides piped natural gas; broadband and telecommunication products and services; mobile services; and other products. The company was formerly known as Mighty River Power Limited and changed its name to Mercury NZ Limited in July 2016. Mercury NZ Limited was incorporated in 1998 and is based in Auckland, New Zealand.