FY2025 EBITDAF guidance revised to $760m

The Mercury Building, 33 Broadway, Newmarket 1023
PO Box 90399, Auckland 1142






STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY)

NEWS RELEASE

FY2025 EBITDAF guidance revised to $760m

16 April 2025 – Mercury announced today that it has revised its FY2025 EBITDAF guidance from
$820m to $760m. This reflects an expected 150GWh decrease in full year hydro generation to
3,400GWh owing to continued dry weather in the Taupō catchment, and projected below mean hydro
inflows and lake level through to 30 June 2025.

FY2025 ordinary dividend guidance remains unchanged at 24.0 cents per share and stay-in-business
capital expenditure guidance remains unchanged at $150m.
Guidance may change and remains subject to any material events, significant one-off expenses or
other unforeseen circumstances including changes to hydrological conditions.
ENDS

Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited


For investor relations queries, please contact:
Paul Ruediger
Head of Business Performance & Investor
Relations
027 517 3470
investor@mercury.co.nz

For media inquiries, please contact:
Shannon Goldstone
Reputation and Social Impact Lead
027 210 5337
mercurycommunications@mercury.co.nz


ABOUT MERCURY NZ LIMITED
Mercury generates electricity from 100% renewable sources: hydro, geothermal and wind. We are
also a retailer of electricity, gas, broadband and mobile services. We’re listed on the New Zealand
Stock Exchange and the Australian Stock Exchange with the ticker symbol ‘MCY’, with foreign exempt
listed status. The New Zealand Government holds a legislated minimum 51% shareholding in the
Company.
Visit us at: www.mercury.co.nz