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Contact Energy Advances Renewables with 12% EBITDAF Rise Despite Profit Dip
7:51am on Monday 2nd of June, 2025 AEST
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Energy
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Contact Energy Advances Renewables with 12% EBITDAF Rise Despite Profit Dip
7:51am on Monday 2nd of June, 2025 AEST
Key Points
EBITDAF increased 12% to $404 million, net profit declined 7% to $142 million
New geothermal plants Tauhara and Te Huka 3 now operational, adding ~1.9TWh annually
Entered long-term electricity supply agreement with Fonterra supporting dairy sector electrification
Construction underway on Glenbrook 100MW battery and Kowhai Park 168MWp solar farm
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