Contact reports strong profit as geothermal and gas positions boost performance

Contact reports strong profit as geothermal and gas positions boost performance
Contact's new geothermal generation offset a fall in hydro output. (Impact: NZME)
Ian Llewellyn
Contact Energy has reported a strong result for the 2025 financial year with a 13% increase in net profit of $331 million on the back of new geothermal generation and the Ahuroa Gas Storage facility becoming a jewel in the company’s crown.For the 12 months ending June, Contact said operating earnings (ebitdaf) were $872m.The results include a one-off $98m gain from releasing a provision on its Ahuroa Gas Storage (AGS) contract.Excluding that accounting non-cash adjustment, underlying profit was $261m and underlying ebitdaf was $...

More Markets

NZ stocks retreat from record high, down 0.7%
Markets Market Close

NZ stocks retreat from record high, down 0.7%

The S&P/NZX 50 Index dropped 103.60 points, or 0.76%, to 13,467.26.

Jamie Gray 10 Oct 2025
Govt looks to put its Chorus investment on the block
Infrastructure

Govt looks to put its Chorus investment on the block

The finance minister said there's no policy reason for Govt to hold Chorus securities.

Rebecca Howard 10 Oct 2025
Latest cap raise values Sharesies at $750m
Markets

Latest cap raise values Sharesies at $750m

In its eighth raise since 2017, Sharesies values its shares at $205 apiece.

Pattrick Smellie 10 Oct 2025
Green Cross Health's prescription for growth
Markets Small Cap Wrap

Green Cross Health's prescription for growth

Medical group gets tentative approval to become a PHO, Savor, Paysauce, and more.