Genesis Energy posts record H1 earnings and launches NZ$400m equity raise for Gen35 growth

Genesis Energy Limited ( (DE:1G6) ) has shared an update.

Genesis Energy Limited reported a record first-half normalised EBITDAF of NZ$307 million for the six months to 31 December 2025, up 38%, reflecting strong earnings from its diversified generation portfolio and favourable hydro conditions. Net profit after tax rose 36% to NZ$95 million, gross margin increased 27% to NZ$521 million, and an interim dividend of 7.30 cents per share was declared, while operating free cash flow surged and digital investment doubled.

The company announced a NZ$400 million equity raise to accelerate development of renewable generation and dispatchable firming assets, reinforcing its Gen35 strategy and underpinning future growth. Management expects winter 2026 conditions to normalise, with thermal baseload and firming capacity available to support system security, suggesting continued operational resilience and strategic momentum for shareholders and the wider energy market.

More about Genesis Energy Limited

Genesis Energy Limited is a New Zealand-based gentailer operating in the electricity generation and retail energy sector, listed on both the NZX and ASX under ticker GNE. The company runs a diversified portfolio that includes renewable generation, thermal baseload and firming capacity, positioning it to balance system security while pursuing its Gen35 growth strategy focused on renewables and dispatchable capacity.

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