Contact reports strong profit as geothermal and gas positions boost performance

Contact's new geothermal generation offset a fall in hydro output. (Impact: NZME)

Mon, 18 Aug 2025

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 $...

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