Mercury delivered a strong fourth quarter, with higher renewable generation and disciplined portfolio management supporting trading margin of $390m, up 33% on PCP.
Operational Data xls

Mercury delivered a strong third quarter, with higher renewable generation and disciplined portfolio management supporting trading margin of $325m, up 27% on PCP. This is reflected in our upgraded FY2026 EBITDAF guidance to $1.05b, announced today.
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Operational Data xls

High national hydrological inflows of 98th percentile was reflected in lower wholesale spot electricity prices averaging $40/MWh in Auckland for the quarter. Forward prices in Auckland for FY26 have eased considerably to $135/MWh due to high inflows and above average hydro storage levels...

National hydrological inflows of 87th percentile during the quarter were reflected in lower spot electricity prices averaging #135/MWh in Auckland. Forward prices have increased slightly at $182/MWh in Auckland for the financial years 2026 to 2028 as at 30 September 2025...

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