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Highlights

  • Contact Energy recorded FY25 net profit of NZD 331 mn with EBITDAF of NZD 872 mn.
  • The company intends to bring two new renewable energy projects online.
  • The company will continue developing renewable electricity projects and supply arrangements to support New Zealand’s energy requirements.

Contact Energy Limited (NZX:CEN), established in 1996 after acquiring assets from ECNZ, has grown into an energy generator and retailer in New Zealand. The company operates in wholesale and retail segments.

Financial Performance

In the financial year 2025 (FY25), Contact Energy reported a net profit of NZD 331 mn and EBITDAF of NZD 872 mn. The results were driven by higher geothermal generation (34% increase), use of risk management contracts, and alignment of long-term sales to market prices of electricity. During the year, revenue increased by 20.1% YoY to NZD 3,439 million.

Business Update

On 18 August 2025, the company announced that it has signed two new agreements with New Zealand Steel Limited (NZ Steel), extending their long-standing partnership at the Glenbrook steelworks and reinforcing their joint commitment to New Zealand’s renewable energy future.

The first agreement is an 11-year, 50MW electricity supply deal set to commence in December 2025. It will partly support periods of increased production from NZ Steel’s new Electric Arc Furnace (EAF), which is scheduled for construction and transmission connection in Q4 CY2025, with the balance allocated to meeting residual demand at the Glenbrook site.

Business Outlook

Over the next twelve months, Contact Energy plans to integrate the Manawa business and bring two new renewable energy projects online. The Glenbrook grid-scale battery and the Kōwhai Park solar farm are both expected to start operating in the second half of FY26. The company also stated it will continue developing renewable electricity projects and supply arrangements to support New Zealand’s energy requirements.

Share Performance

Contact Energy shares closed at NZD 9.18 per share on 22 September 2025, up 0.22% intraday. Over the past year, CEN’s share price has increased by 10.35%, with 3-month and 6-month returns of +2.23% and +7.63%, respectively. Year-to-date, the stock is down 3.47%. The 52-week high of CEN is NZD 9.80, recorded on 30 December 2024 and 52-week low is NZD 7.86, recorded on 23 September 2024.

Support and Resistance Summary 

Note 1: Past performance is neither an Indicator nor a guarantee of future performance. 

Note 2: The reference date for all price data, and currency, is 22 September 2025. The reference data in this report has been partly sourced from EODHD/Others. 

  

Technical Indicators Defined:  

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock. 

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.