Meridian records losses as it 'takes a hit for NZ'

Meridian records losses as it 'takes a hit for NZ'
Meridian's fortunes fall in line with its hydro lakes. (Image: NZME)
Ian Llewellyn
Meridian Energy says its latest financial results show the company “took a hit for New Zealand”, recording losses in key indicators and a large drop in earnings.For the six months ending Dec 31, the country’s largest electricity generator and major retailer reported a net loss after tax of $121 million, compared to a net profit after tax of $191m in last year’s interim result.Operating cash flows were $50m, down from $303m in the same period last year.The results were largely because Meridian had to use expensive hedge c...

More Markets

Rising volumes push Port of Tauranga profit outlook higher
Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

SkyCity faces Adelaide reckoning by year-end
Markets

SkyCity faces Adelaide reckoning by year-end

Casino operator releases details about regulatory situation in Adelaide.

Beyond Meat rally tempts Kiwi traders
Markets

Beyond Meat rally tempts Kiwi traders

Meme stock mania puts Beyond among top traded stocks on Sharesies and Hatch.

Freightways outlook and Fonterra vote drive upbeat day
Markets Market Close

Freightways outlook and Fonterra vote drive upbeat day

Freightways shares climbed after Mark Troughear flagged easing economic headwinds.

Tom Raynel 30 Oct 2025