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Genesis Energy Limited ( (DE:1G6) ) has shared an update.
Genesis Energy Limited reported strong financial results for FY25, driven by portfolio flexibility and strategic initiatives. The company’s net profit after tax increased by 29% to NZ$169.1 million, supported by a 12% rise in gross margin and a 14% increase in normalised EBITDAF. Key strategic moves included the acceleration of the Gen35 strategy, the operational launch of the Lauriston solar farm, and the integration of Ecotricity, enhancing Genesis’ market presence. The company also focused on improving energy security through long-term agreements and infrastructure upgrades, such as the Huntly Battery Energy Storage System. Retail operations saw improved performance with a focus on simplification and efficiency, while the LPG business capitalized on market opportunities amid a constrained natural gas environment.
More about Genesis Energy Limited
Genesis Energy Limited operates in the energy sector, focusing on electricity generation and retailing. It provides a range of energy solutions including electricity, natural gas, and LPG to residential, commercial, and industrial customers. The company is also involved in renewable energy projects and electric vehicle charging infrastructure, aiming to enhance energy security and sustainability in New Zealand.
For detailed information about 1G6 stock, go to TipRanks’ Stock Analysis page.