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Corporate Score 45 Bullish

Mercury Raises FY26 EBITDAF Guidance on Strong Renewable Output

Apr 22, 2026 04:48 UTC
MCY.AX
Medium term

Mercury has increased its fiscal 2026 EBITDAF forecast to NZ$1.05 billion. The upgrade follows a robust third quarter driven by hydro generation and portfolio management.

  • FY26 EBITDAF guidance increased from NZ$1.0B to NZ$1.05B
  • Q3 trading margin reached NZ$325 million
  • Trading margin grew 27% compared to the prior corresponding period
  • Growth attributed to hydro and new renewable generation assets
  • Share price rose 2.16% to NZ$6.62 following the announcement

Mercury (MCY.AX) has announced an upward revision to its fiscal 2026 EBITDAF guidance, raising the target to NZ$1.05 billion from the previously projected NZ$1.0 billion. The company attributed the positive adjustment to a combination of disciplined portfolio management and an increase in forecasted renewable generation, specifically citing contributions from hydro and new generation assets. This guidance lift follows a strong third-quarter performance. Mercury reported a trading margin of NZ$325 million for the period, representing a 27% increase compared to the prior corresponding period (PCP). The company noted that the synergy of operational discipline and favorable generation levels supported this margin expansion. Investors reacted positively to the updated outlook, with shares of Mercury NZ trading at NZ$6.62, an increase of 2.16%. The results underscore the company's ability to leverage renewable energy output and operational efficiency to drive bottom-line growth in the current fiscal environment.

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