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Meridian Energy Limited ( (MDDNF) ) has issued an announcement.
Meridian Energy Limited reported a challenging financial year ending June 2025, with operating cash flows significantly reduced to $318 million from $667 million the previous year, and a net loss after tax of $452 million. The company faced a 23% decrease in energy margin due to severe droughts and reduced gas availability, but managed to secure resource consents for new assets, invest in generation plant, and grow customer connections, demonstrating resilience and strategic progress despite the financial setbacks.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company primarily engaged in the energy industry, focusing on renewable energy generation and supply. It is listed on the New Zealand Stock Exchange and the Australian Securities Exchange, with a market focus on providing secure energy supply to New Zealand homes and businesses.
Learn more about MDDNF stock on TipRanks’ Stock Analysis page.