Mercury NZ Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Mercury NZ (NZSE:MCY) Full Year 2024 Results

Key Financial Results

• Revenue: NZ$3.42b (up 25% from FY 2023).
• Net income: NZ$290.0m (up 159% from FY 2023).
• Profit margin: 8.5% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: NZ$0.21 (up from NZ$0.081 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mercury NZ Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 9.9%.

The primary driver behind last 12 months revenue was the Generation/Wholesale segment contributing a total revenue of NZ$2.47b (72% of total revenue). Notably, cost of sales worth NZ$2.70b amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to NZ$350.0m (81% of total expenses). Explore how MCY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to remain flat.

Performance of the market in New Zealand.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Be aware that Mercury NZ is showing 1 warning sign in our investment analysis that you should know about...

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