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Home CompaniesMeridian Energy Ltd

Meridian Energy Ltd

Utilities Utilities - Renewable
PortfolioPortfolio WatchlistWatchlist
Company price
4.53 AUD 0.23 ( 5.35%)
Last update at 2026-09-28T06:10:00Z
VOLUME
14830
Market Cap
11388.97M
P/E
107.50

Momentum Score

…

Meridian Energy Limited engages in the renewable electricity generation and retail business to residential, business, and industrial customers in New Zealand. The company generates electricity through 7 hydro power stations; 8 wind farms; and 100MW battery energy storage system, as well as solar array. It sells electricity under the Meridian and Powershop brands. It also offers EV charging solutions; and software development, professional, and insurance services, as well as act as a licence holder and non-trading entity. The company was formerly known as Hydro Energy Limited. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
4.43
Low
4.54
High
52 Week Price Range
4.20
Low
5.09
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Meridian Energy Ltd is a New Zealand electricity generator and retailer operating predominantly renewable hydro and wind assets and supplying the domestic market. Long-term growth drivers include rising electrification, government decarbonization policy, and scope to add renewables and storage, which may benefit demand for low-carbon generation and could support relatively stable cash flows.

Major investment risks include hydrology and weather-driven generation variability, wholesale price volatility, regulatory or policy changes, and competition that could pressure earnings or require incremental capital; investors should monitor these exposures.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
4.30
Dividend Yield
4.97%
Revenue TTM
3883.00M
Revenue Per Share
1.47
Gross Profit TTM
1371.00M
Debt / Equity
0.20
ROE
1.38%
Net Debt
1521.81M
ROCE
4.97%
Diluted EPS TTM
0.04

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax 159.87M -619.00M 594.00M 126.00M 625.00M
Net income 129.90M -452.00M 429.00M 95.00M 451.00M
Selling general administrative 142.00M 124.00M 134.00M 119.00M 100.00M
Gross profit 975.24M 4794.00M 754.00M 804.00M 498.00M
Reconciled depreciation 535.00M 446.00M 334.00M 293.00M 292.00M
Ebit 804.37M -535.00M 661.00M 189.00M 698.00M
Ebitda 1338.95M -89.00M 995.00M 482.00M 990.00M
Depreciation and amortization 534.58M 446.00M 334.00M 293.00M 292.00M
Operating income 804.37M 710.00M 754.00M 154.00M 561.00M
Other operating expenses 3044.62M 4084.00M 4102.00M 3076.00M 3217.00M
Interest expense 94.93M 84.00M 67.00M 53.00M 71.00M
Tax provision 30.00M -167.00M 165.00M 31.00M 174.00M
Interest income 5.00M 5.00M 12.00M 11.00M 3.00M
Net interest income -90.00M -79.00M -57.00M -44.00M -73.00M
Income tax expense 29.98M -167.00M 165.00M 31.00M 174.00M
Total revenue 3848.99M 4794.00M 4856.00M 3203.00M 3686.00M
Total operating expenses 170.87M 4084.00M 4436.00M 2690.00M 3286.00M
Cost of revenue 2873.75M 3636.00M 4102.00M 2399.00M 3188.00M
Total other income expense net -644.50M -1329.00M -160.00M -342.00M 296.00M
Discontinued operations - - - - 213.00M
Net income from continuing ops 130.00M -452.00M 429.00M 95.00M 451.00M
Net income applicable to common shares - - - 95.00M 664.00M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 17124.60M 14974.00M 13543.00M 10022.00M 9369.00M
Intangible assets 41.97M 47.00M 62.00M 73.00M 85.00M
Other current assets 198.84M 72.00M 61.00M 60.00M 66.00M
Total liab 7177.39M 6054.00M 5297.00M 4035.00M 3846.00M
Total stockholder equity 9947.22M 8920.00M 8246.00M 5987.00M 5523.00M
Other current liab 395.69M - 767.00M 503.00M 563.00M
Common stock 2067.38M - 1729.00M 1700.00M 1671.00M
Capital stock 2069.00M 1884.00M 1729.00M 1700.00M 1671.00M
Retained earnings -3047.62M -2621.00M -1631.00M -1600.00M -1242.00M
Other liab - - - 2269.00M 2079.00M
Good will 63.95M - - - -
Other assets - - - 213.00M 377.00M
Cash 511.60M 123.00M 221.00M 212.00M 363.00M
Total current liabilities 925.28M 1035.00M 1004.00M 720.00M 726.00M
Net debt 1521.81M 1446.00M 1156.00M 1051.00M 841.00M
Short term debt 176.86M - 237.00M 217.00M 163.00M
Short long term debt 177.00M 369.00M 234.00M 214.00M 159.00M
Short long term debt total 2033.41M - 1377.00M 1263.00M 1204.00M
Other stockholder equity - - - 5887.00M 5094.00M
Property plant equipment - - - 8989.00M 7830.00M
Total current assets 1062.17M 680.00M 1051.00M 747.00M 1077.00M
Long term investments 67.00M - - - -
Net tangible assets - - - 5914.00M 5438.00M
Net receivables 351.72M 359.00M 536.00M 334.00M 416.00M
Long term debt 1858.00M 1200.00M 1113.00M 1022.00M 1004.00M
Inventory - - 233.00M 141.00M 232.00M
Accounts payable 352.72M - - - -
Accumulated other comprehensive income 10927.45M - 8148.00M 5887.00M 5094.00M
Non currrent assets other - 32.00M 238.00M -9062.00M -7915.00M
Non current assets total 16062.44M 14294.00M 12492.00M 9275.00M 8292.00M
Capital lease obligations - - 30.00M 27.00M 41.00M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments -124.00M -191.00M -327.00M -327.00M 598.00M
Change to liabilities - - - -93.00M -124.00M
Total cashflows from investing activities -448.65M -191.00M -327.00M -327.00M 598.00M
Net borrowings 406.00M 168.00M 110.00M 92.00M -482.00M
Total cash from financing activities 27.98M -225.00M -331.00M -333.00M -844.00M
Change to operating activities - - - -23.00M -1.00M
Net income 129.90M -452.00M 429.00M 95.00M 664.00M
Change in cash 372.90M -98.00M 9.00M -151.00M 215.00M
Begin period cash flow 138.70M 221.00M 212.00M 363.00M 148.00M
End period cash flow 511.60M 123.00M 221.00M 212.00M 363.00M
Total cash from operating activities 809.37M 318.00M 667.00M 509.00M 461.00M
Depreciation 534.58M - 334.00M 266.00M 278.00M
Other cashflows from investing activities - -48.00M -54.00M - -
Dividends paid 375.71M -387.00M -436.00M -423.00M -360.00M
Change to account receivables 53.96M 130.00M -202.00M 68.00M 84.00M
Sale purchase of stock -2.00M -6.00M -2.00M -2.00M -2.00M
Other cashflows from financing activities - - -3.00M -5.00M -9.00M
Change to netincome - - - 153.00M -457.00M
Capital expenditures 245.81M 184.00M 281.00M 329.00M 172.00M
Change in working capital 207.84M 218.00M 100.00M 68.00M 84.00M
Stock based compensation - - 2.00M 1.00M 1.00M
Other non cash items 129.90M 100.00M -198.00M 148.00M -481.00M
Free cash flow 563.56M 134.00M 386.00M 180.00M 289.00M

Peer Comparison*

Sector: Utilities Industry: Utilities - Renewable

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MEZ
Meridian Energy Ltd		 0.23
5.35%		 4.53 107.50 48.31 2.93 1.50 4.20 20.47
MCY
Mercury NZ Ltd		 0.15
2.80%		 5.51 30.06 26.88 2.39 1.79 3.78 13.40
CEN
Contact Energy Limited		 0.18
2.60%		 7.10 21.21 20.45 2.31 1.77 3.61 11.16
FHE
Frontier Energy Ltd		 -0.01
4.55%		 0.21 - - 341.73 2.77 366.73 94.01
LGI
LGI Ltd		 0.01
0.49%		 2.06 22.11 23.26 4.75 1.74 4.70 9.25

Profile*

Meridian Energy Ltd

Meridian Energy Limited engages in the renewable electricity generation and retail business to residential, business, and industrial customers in New Zealand. The company generates electricity through 7 hydro power stations; 8 wind farms; and 100MW battery energy storage system, as well as solar array. It sells electricity under the Meridian and Powershop brands. It also offers EV charging solutions; and software development, professional, and insurance services, as well as act as a licence holder and non-trading entity. The company was formerly known as Hydro Energy Limited. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.

98 Customhouse Quay, Wellington, New Zealand, 6011

64 4 381 1200

https://www.meridianenergy.co.nz

936

Name Title Year Born
Mr. Neal Barclay BCA, CA (NZICA) Chief Exec. Officer NA
Mr. Mike Roan CFO and GM of Fin. & Strategy NA
Mr. Bharat Ratanpal Chief Information Officer NA
Owen Hackston Investor Relations Mang. NA
Mr. Jason Stein BCA, LLB Chief People Officer, CEO of Meridian Energy Australia Pty Limited & Powershop Australia Pty Limited NA
Mr. Jason Woolley Gen. Counsel & Company Sec. NA
Rheilli Uluilelata External Communications Mang. NA
Ms. Claire Shaw Gen. Mang. of Corp. Affairs & Sustainability NA
Ms. Lisa Hannifin Chief Customer Officer NA
Ms. Nic Kennedy Chief Exec. Officer of Flux Federation Limited NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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