Mercury, New Zealand's largest electricity retailer and multi-product utility provider, has reported its FY22 financial results, showing a successful year of transformative change.
With the acquisition of Trustpower's retail business and Tilt's New Zealand wind operations, Mercury has become the country's largest wind generator and is well-positioned to thrive in a rapidly changing world.
EBITDAF for the year was $581 million, $118 million up on the prior year, and net profit after tax was $469 million, up $328 million on the previous year.
The Board has declared a fully imputed final dividend of 12.0 cents per share and guidance for FY23 EBITDAF is set at $580 million, with stay-in-business capex guidance at $160 million and ordinary dividend guidance at 21.80 cps, representing a 9.0% increase on FY22.
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