Contact Energy has reported a net profit of $331 million and operating earnings (ebitdaf) of $872m for the 2025 financial year.
The company's underlying net profit, excluding the release of the Ahuroa Gas Storage facility onerous contract provision, was up 13% from the previous year, while ebitdaf increased by 17%.
The increase in operating results was driven by a 34% uplift in geothermal generation, effective use of risk management assets and contracts, and better alignment of long-term sales to the market price of electricity.
Contact's acquisition of Manawa Energy was completed in July 2025, and the company has secured medium-term gas supply to support generation and gas-reliant businesses.
The board declared a final dividend of 23 cents per share.
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