Meridian Energy Posts Strong Interim Rebound on Record Renewable Output

Meridian Energy Limited ( (MDDNF) ) has issued an update.

Meridian Energy reported a sharp turnaround for the six months to 31 December 2025, with operating cash flow surging to $336 million from $50 million a year earlier as it rebounded from the costly hedge and demand response measures taken during the Winter 2024 drought. Net profit after tax swung to $227 million from a $121 million loss, underpinned by a 59% jump in energy margin driven by record wind generation, the second-best hydro inflows on record, lower wholesale prices, and record retail sales volumes.

Chief executive Mike Roan said the favourable weather and strong financial result validate the market’s functioning, while stressing Meridian is continuing to invest in its development pipeline, asset performance, and contingent storage to improve system resilience and affordability for consumers. Reflecting the improved performance, the board lifted the interim dividend to 6.40 cents per share, up from 6.15 cents, with a discounted dividend reinvestment plan applying to support further growth and capital strength.

More about Meridian Energy Limited

Meridian Energy Limited is a New Zealand-based electricity generator and retailer listed on the NZX and ASX. The company focuses on renewable generation, particularly wind and hydro, supplying power to residential and business customers across Aotearoa and playing a significant role in the country’s security of electricity supply.

Learn more about MDDNF stock on TipRanks’ Stock Analysis page.