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Genesis Energy Limited ( (DE:1G6) ) has issued an update.
Genesis Energy reported record first-half FY26 normalised EBITDAF of NZ$307 million, driven by strong hydro conditions, reduced coal generation, and effective portfolio management that shifted thermal assets from baseload to flexible firming. The company’s diversified asset base, improved margin quality, and disciplined positioning under variable market conditions supported a 36% rise in net profit after tax and a near threefold increase in operating free cash flow.
To accelerate its Gen35 growth strategy, Genesis announced a NZ$400 million equity raise to fund new renewable generation and dispatchable firming projects, including multiple large-scale solar farms, the Huntly battery energy storage system and expanded wind developments. The company maintained its BBB+ credit rating, progressed a major customer platform migration, and secured long-term firming options at Huntly, reinforcing its role in New Zealand’s energy transition and system security while underpinning dividends and long-term growth for stakeholders.
More about Genesis Energy Limited
Genesis Energy Limited is a New Zealand-based integrated energy company operating in electricity generation, retailing, and related services. The company manages a diversified portfolio including hydro, thermal, wind, solar and battery assets, and leverages a large established customer base while focusing on expanding renewable generation and flexible, dispatchable capacity under its Gen35 strategy.
See more insights into 1G6 stock on TipRanks’ Stock Analysis page.