Meridian

Meridian is New Zealand’s largest electricity company and producer of renewable energy in the country. They own and operate five wind farms and seven hydro power stations in NZ and are working on rolling out the largest commercial solar programme in the country. The company also has a presence in the Australian market through ownership of two wind farms and three hydro plants.

Meridian is listed on both the NZX and ASX and is the largest energy company on the NZX in terms of market capitalisation. The company currently employs around 1,000 people, Neal Barclay has been CEO since 2018.


Company Details

Registered Office: 287-293 Durham Street North, Christchurch 8013, New Zealand
Postal Address: PO Box 10840, The Terrace, Wellington 6143
Telephone: +64-4-381-1200
Facsimile: n/a
Website: http://www.meridianenergy.co.nz/
First Listed: 30/04/2015
Balance Date: 30 June
AGM: 12/10/2023

Directors and Executives

Neal Barclay
Chief Executive Officer
David Carter
Independent Director
Graham Cockroft
Independent Director
Chris Ewers
General Manager
Lisa Hannifin
General Manager
Michelle Henderson
Independent Director
Julia Hoare
Independent Director
Tania Palmer
General Manager
Michael Roan
Chief Financial Officer
Nagaja Sanatkumar
Independent Director
Tania Simpson
Independent Director
Mark Verbiest
Chairman
Guy Waipara
General Manager
Jason Woolley
Company Secretary

Announcements

Title Date Type
Completion of Ruakākā Battery Energy Storage System Fri, May 23 2025 08:30 am GENERAL
Meridian to replace transformers at Manapōuri Wed, May 21 2025 08:30 am GENERAL
D&O Ongoing Disclosure Notices Tue, May 20 2025 08:35 am SHINTR
D&O Ongoing Disclosure Notice Fri, May 16 2025 04:30 pm SHINTR
Swaption and contract for difference with Contact Thu, May 15 2025 12:51 pm GENERAL
Meridian Energy monthly operating report for April 2025 Thu, May 15 2025 08:30 am MKTUPDTE
Ampol exits retail electricity, Meridian takes on customers Tue, May 13 2025 09:30 am TRANSACT
D&O Initial Disclosure Notice Fri, May 02 2025 11:01 am SHINTR
New CFO and Executive Changes Mon, Apr 28 2025 08:30 am ADMIN
D&O Ongoing Disclosure Notices Thu, Apr 17 2025 02:57 pm SHINTR

Major Holdings Announcements

Date Name No. Held % Current
20/04/21 BlackRock, Inc. and related bodies 85,400,202 7.09 3.33

Director’s Interests Announcements

Date Name No. Held % Details Other
31/01/24 Neal Anthony Barclay 530,575 - - -
31/01/24 Michael John Roan 253,748 - - -
05/10/23 Julia Hoare 8,328 - - -
05/10/23 Mark Verbiest 49,302 - - -
08/09/23 Tania Simpson 5,140 - - -
01/08/23 David Powell Carter 18,000 - - -
19/04/23 Janice (Jan) Dawson 54,510 - - -
19/04/23 Michelle Anne Henderson 13,721 - - -
30/08/22 Graham John Cockroft 40,000 - - -
02/03/22 Nagaja Tharanginee Sana 8,769 - - -
02/11/21 Mark Cairns 239,861 - - -
13/03/19 Paul Thomas Chambers 445,294 - - -
07/09/18 Paul Chambers 444,964 - - -
26/01/18 Mark James Binns 692,691 - - -
15/11/17 Mark Binns 692,408 - - -
09/10/17 Peter Wilson 99,170 - - -

Analysts’ Forecasts

profit2021 profit2022 eps2021 dps2021 sales2021 ebit2021 ebitda2021
mean 320.4 19.5 18.6 4,369.0 507.8 819.7
high 320.4 19.5 18.6 4,369.0 507.8 819.7
low 320.4 19.5 18.6 4,369.0 507.8 819.7
sample 1 0 1 1 1 1 1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.
Last Updated: 22/09/2023


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