Meridian Energy slumps to $452 million net loss

(Image: Meridian)

Wed, 27 Aug 2025

Meridian Energy slumped to a $452 million net loss in the June year, driven by a steep decline in its energy margins arising from two severe droughts.The company said its cash flow fell to $318m in the year, down from $667m in the previous year.The generator-retailer’s net loss compared with a $429m net profit a year earlier.Earnings before interest, tax, depreciation, amortisation and financial instruments (ebitdaf) – the sector’s preferred measure – dropped to $611m from $905m a year earlier.Meridian’s...

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