Genesis Gen35 Digital project spend remains on track

MARKET RELEASE

Date: 26 August, 2025
NZX: GNE / ASX: GNE
Genesis Gen35 Digital project spend remains on track.


Following investor queries, Genesis is pleased to confirm that total investment in Gen35 ‘Big Rock’ digital projects over the FY24 to FY27 period remains in line with previously communicated budget.

The ‘Big Rock’ initiatives include the companies' Billing and CRM modernisation, upgrade of the General Ledger finance systems as part of our Powered Finance initiative and a series of upgrades to the Wholesale Markets and Trading systems.

Reconciliation between Investor Day 2023 and current outlook:(view attachment)


ENDS
Investor contact
David Porter, Investor Relations Manager
[email protected]
+64 20 4184 1186

Media contact
Estelle Sarney, External Communications Manager
[email protected]
+64 27 269 6383

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Announcement PDF