Mercury's earnings drop due to low hydro inflows

Mercury has reported a decrease in earnings for the first half of the 2025 financial year, attributed to low hydro inflows and reduced generation.

The company's ebitdaf for the period was $418 million, down $16m from the same period last year, while its net profit after tax was a loss of $67m, $241m lower than the prior comparable period.

Mercury said its careful portfolio management helped mitigate the full impact of dry weather.

The company also highlighted its significant investment in renewables, with 46% of its first-half earnings reinvested into new and existing assets.

Mercury has $1 billion currently committed to new renewables and three renewable projects under construction, which are expected to power up to 142,000 houses with renewable energy.