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An update from Mercury NZ ( (MGHTF) ) is now available.
Mercury NZ, the renewable-focused gentailer listed on both the NZX and ASX, operates a portfolio of hydro, geothermal and wind assets while retailing electricity, gas, broadband and mobile services across New Zealand. Its majority shareholder is the New Zealand Government, which is required by law to retain at least 51% ownership, underlining Mercury’s strategic role in the national energy sector.
The company has raised its FY2026 EBITDAF guidance from $1.0b to $1.05b, citing disciplined portfolio management and higher expected renewable generation from hydro assets and new projects. The upgrade signals stronger anticipated operating performance but remains conditional on factors such as hydrological conditions and potential one-off events, which could still cause the guidance to be revised.
More about Mercury NZ
Mercury NZ Limited is a New Zealand-based electricity generator and retailer focused on 100% renewable generation from hydro, geothermal and wind assets. The company also provides retail electricity, gas, broadband and mobile services, and is dual-listed on the NZX and ASX under the ticker MCY, with the New Zealand Government holding a legislated minimum 51% stake.
Learn more about MGHTF stock on TipRanks’ Stock Analysis page.