Business description: Meridian Energy Limited

Meridian Energy Limited is a New Zealand-based company. The Company is engaged in the generation, trading and retailing of electricity and the sale of complementary products and services. Its segments include Wholesale, Retail, and Other and Unallocated. The Wholesale segment includes activity of generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity of retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. The electricity is sold to residential, business and industrial customers. The Other and unallocated segment include licensing of the developed electricity and gas retailing platform. It owns and operates approximately seven hydro stations in New Zealand and six wind farms. The Company’s subsidiaries are Flux Federation Limited, Flux-UK Limited, Meridian Limited, and others.

Number of employees: 1,043

Sales by Activity: Meridian Energy Limited

Fiscal Period: June 2021 (NZD) 2022 (NZD) 2023 (NZD) 2024 (NZD) 2025 (NZD)

NZ Wholesale

3.18B 2.83B 2.62B 4.46B 4.52B

NZ Retail

1.68B 1.83B 1.22B 1.38B 1.45B

Other and Unallocated

55M 41M 23M 23M 34M

Inter-Segment

-951M -1.2B -1.08B -1.52B -1.52B

Australia

334M 209M - - -

Geographical breakdown of sales: Meridian Energy Limited

Fiscal Period: June 2021 (NZD) 2022 (NZD) 2023 (NZD) 2024 (NZD) 2025 (NZD)

New Zealand

3.95B 3.7B 3.22B 4.86B 4.84B

United Kingdom

15M 8M - - -

Australia

333M - - - -

Executive Committee: Meridian Energy Limited

Manager TitleAgeSince
Chief Executive Officer - 2025-07-29
Director of Finance/CFO - 2025-08-31
Chief Tech/Sci/R&D Officer - 2022-03-30
Corporate Officer/Principal - 2020-04-01
Investor Relations Contact - 2013-09-25

Composition of the Board of Directors: Meridian Energy Limited

Director TitleAgeSince
Chairman - 2019-09-30
Director/Board Member - 2019-09-25
Director/Board Member - 2019-12-31
Director/Board Member - 2021-07-31
Director/Board Member 63 2022-07-25
Director/Board Member - 2023-07-24
Director/Board Member - 2025-11-02

Shareholders: Meridian Energy Limited

NameStocks%Valuation
Government of New Zealand
50.43 %
1,335,576,835 50.43 % 4 422 M $
Accident Compensation Corp.
1.764 %
46,722,927 1.764 % 155 M $
Guardians of New Zealand Superannuation
1.336 %
35,386,722 1.336 % 117 M $
ANZ New Zealand Investments Ltd.
0.5639 %
14,935,699 0.5639 % 49 M $
Smartshares Ltd.
0.3607 %
9,554,177 0.3607 % 32 M $

Company details: Meridian Energy Limited

Meridian Energy Ltd.

98 Customhouse Quay

6011, Wellington

+64 4 381 1200

http://www.meridianenergy.co.nz
address Meridian Energy Limited(MEL)

Group companies: Meridian Energy Limited

NameCategory and Sector
Miscellaneous Commercial Services

Hydroelectric & Tidal Utilities

Change 5-day change 1-year change 3-year change Capi.($)
+1.44%-0.88%-2.43%+4.07% 8.7B
-0.89%-0.14%-7.19%+24.73% 101B
-7.69%-7.09%+28.26%+31.17% 27.75B
-0.31%-2.81%+20.79%+13.99% 21.71B
+10.05%+11.91%+62.63%+91.70% 12.35B
+2.07%+7.63%-2.29%+7.41% 11.36B
+0.37%-0.78%-9.84%+71.99% 8.26B
-0.08%-1.25%+19.98%+4.23% 5.58B
+0.75%-.--%-.--%-.--% 4.4B
+2.28%+9.58%-7.64%-29.41% 1.76B
Average +0.80%+1.63%+10.23%+21.99% 20.29B
Weighted average by Cap. -0.69%-0.55%+6.17%+27.04%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
5.620NZD
Average target price
6.398NZD
Spread / Average Target
+13.84%

Annual profits - Rate of surprise

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