How Will Contact Energy’s $525M Raise Accelerate New Zealand’s Renewable Future?

• 24% increase in EBITDAF to $500 million in 1H26
• 44% rise in net profit to $205 million driven by Manawa acquisition
• $525 million equity raise to fund Glenbrook battery 2.0, Glorit solar farm, and Tauhara 2 geothermal drilling
• Equity raise expected to reduce net debt to EBITDAF ratio from 2.8x to 2.3x