Business description: Meridian Energy Limited

Meridian Energy Limited is a New Zealand-based power company. The Company is engaged in the generation, trading and retailing of electricity and the sale of complementary products and services. The Company’s segments include Wholesale, Retail, and Other. 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. It owns and operates seven hydro stations in New Zealand. The Company supplies electricity power for homes, businesses, and farms. It also has various wind farms and is also engaged in solar power generation.

Number of employees: 936

Sales by Activity: Meridian Energy Limited

Fiscal Period: June20202021202220232024

NZ Wholesale

2.27B 3.18B 2.83B 2.62B 4.46B

NZ Retail

1.47B 1.68B 1.83B 1.22B 1.38B

Other and Unallocated

32M 55M 41M 23M 23M

Inter-Segment

-721M -951M -1.2B -1.08B -1.52B

Australia

354M 334M 209M - -
See all business segments

Geographical breakdown of sales: Meridian Energy Limited

Fiscal Period: June20202021202220232024

New Zealand

3.04B 3.95B 3.7B 3.22B 4.86B

United Kingdom

13M 15M 8M - -

Australia

353M 333M - - -
See all geographic segments

Executive Committee: Meridian Energy Limited

Manager TitleAgeSince
Chief Executive Officer - 2025-06-29
Chief Tech/Sci/R&D Officer - 2022-03-30
Corporate Officer/Principal - 2020-04-01
Investor Relations Contact - 2013-09-25
General Counsel - 2007-12-31
See MERIDIAN ENERGY LIMITED governance

Composition of the Board of Directors: Meridian Energy Limited

Director TitleAgeSince
Chairman - 2019-09-30
Director/Board Member - 2019-09-25
Director/Board Member - 2019-10-15
Director/Board Member - 2019-12-31
Director/Board Member - 2021-07-31
Director/Board Member 62 2022-07-25
Director/Board Member - 2023-07-24
Composition of the Board of Directors

Shareholders: Meridian Energy Limited

NameEquities%Valuation
Government of New Zealand
50.71 %
1,321,595,587 50.71 % 4 733 M $
ANZ New Zealand Investments Ltd.
0.6846 %
17,843,344 0.6846 % 64 M $
Smartshares Ltd.
0.5473 %
14,264,179 0.5473 % 51 M $
Nordea Investment Management AB
0.4695 %
12,235,483 0.4695 % 44 M $
State Street Global Advisors Ltd.
0.3227 %
8,409,741 0.3227 % 30 M $
List of MERIDIAN ENERGY LIMITED shareholders

Company details: Meridian Energy Limited

Meridian Energy Ltd.

98 Customhouse Quay Level 2

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
See all subsidiaries

Hydroelectric & Tidal Utilities

Change 5d. change 1-year change 3-years change Capi.($)
+3.09%+1.69%-8.40%+27.66% 9.4B
-1.12%-1.48%0.00%+23.64% 102B
-2.15%+2.10%+2.93%-22.36% 17.16B
-0.07%-1.48%+4.60%-1.67% 16.61B
-0.86%-1.04%-19.06%+17.16% 10.99B
+0.66%+3.59%-14.55%+174.12% 10.3B
-0.30%+6.30%-18.77%+1.50% 7.42B
+0.09%+6.43%+36.95%+70.29% 4.54B
-1.08%+2.43%+8.24%-39.69% 4.51B
+0.75%-.--%-.--%+0.75% 4.53B
Average -0.10%+1.52%-0.81%+25.14% 18.75B
Weighted average by Cap. -0.69%+0.09%-1.31%+23.45%
See all sector performances
Trading Rating
Investor Rating
ESG MSCI
AAA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
6.000NZD
Average target price
6.298NZD
Spread / Average Target
+4.97%
Consensus

Annual profits - Rate of surprise

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