Vector takes $37 million impairment

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Mon, 25 Aug 2025

NZX-listed energy distributor Vector took a $37 million impairment in its latest result to reflect fewer gas connections and “significant market uncertainty” over future gas supply.The impairment reflected forecasts in the company’s gas asset management plan that showed total connections starting to decline from 2026 as a result of market uncertainty, scarcity of gas and rising costs.For the June year, Vector’s group adjusted earnings before interest, tax, depreciation and amortisation came to $401.1m, up 16%.Vector is o...

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