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How Meridian Weathered a $452M Loss and Accelerated Renewable Growth in FY25

12:07am on Saturday 30th of August, 2025 AEST Energy
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How Meridian Weathered a $452M Loss and Accelerated Renewable Growth in FY25

12:07am on Saturday 30th of August, 2025 AEST
Key Points
  • FY25 net loss of NZD 452 million after drought and gas supply challenges
  • Operating cash flows down 52%, EBITDAF down 32%
  • Energy margin declined 23%, impacted by NZD 300 million on hedges and demand response
  • Renewable pipeline advanced with Harapaki Wind Farm and Ruakākā BESS operational
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