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Mercury NZ Ltd. ( (MGHTF) ) has shared an update.
Mercury NZ Limited has revised its FY2025 EBITDAF guidance from $820 million to $760 million due to an expected decrease in hydro generation caused by continued dry weather in the Taupō catchment. Despite this adjustment, the company’s ordinary dividend guidance remains at 24.0 cents per share, and capital expenditure guidance is unchanged at $150 million. This revision reflects the impact of hydrological conditions on Mercury’s operations, but the company maintains its financial commitments.
More about Mercury NZ Ltd.
Mercury NZ Limited is a company that generates electricity from 100% renewable sources, including hydro, geothermal, and wind. It also provides retail services for electricity, gas, broadband, and mobile. The company is listed on both the New Zealand and Australian Stock Exchanges under the ticker symbol ‘MCY’, with the New Zealand Government holding a minimum 51% shareholding.
Technical Sentiment Signal: Sell
Current Market Cap: $4.87B
For detailed information about MGHTF stock, go to TipRanks’ Stock Analysis page.