FY25 Q4 Performance Report

FY25 Q4
Performance Report
22 July 2025

Disclaimer
This report has been prepared by Genesis Energy Limited
(“Genesis Energy”) or (“the Company”) for information
purposes only and relates to the operational performance of
the Company for the third quarter of the financial year ending
30 June 2025. The information contained in this report is
unaudited.
This disclaimer applies to this report. For these purposes,
“report” means this document and the information contained
within it, as well as the verbal or written comments of any
person presenting it.
This report is of a general nature and does not purport to
be complete nor does it contain all the information required
for an investor to evaluate an investment.
This report might contain forward-looking statements.
Forward-looking statements could include projections and
may include statements regarding Genesis Energy’s intent,
belief or current expectations in connection with its future
operating or financial performance or market conditions.
Forward-looking statements in this report may also include
statements regarding the timetable, conduct and outcome
of the general strategy of Genesis Energy, statements about
the plans, targets, objectives and strategies of Genesis Energy,
statements about the industry and the markets in which
Genesis Energy operates and statements about the future
performance of, and outlook for, Genesis Energy’s business.
Any indications of, or guidance or outlook on, future earnings
or financial position or performance and future distributions
are also forward-looking statements.
Forward-looking statements in this report are not guarantees
or predictions of future performance, are based on current
expectations and involve risks, uncertainties, assumptions,
contingencies and other factors, many of which are outside
Genesis Energy’s control, are difficult to predict, and which
may cause the actual results or performance of Genesis
Energy to be materially different from any future results or
performance expressed or implied by such forward-looking
statements. This risk of inaccuracies may be heightened in
relation to forward-looking statements that relate to longer
timeframes, as such statements may incorporate a greater
number of assumptions and estimates. Genesis Energy gives
no warranty or representation in relation to any forward-
looking statement, its future financial performance or any
future matter. Forward-looking statements speak only as of
the date of this report.
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Energy accepts no responsibility for any errors or omissions,
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completeness or reliability of the information, in this report.
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investment, tax or any other advice or a recommendation
and nothing in this report should be construed as an invitation
for any subscription for, or purchase of, securities in Genesis
Energy.
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otherwise stated.
Except as required by law, or the rules of any relevant
securities exchange or listing authority, Genesis Energy is
not under any obligation to update this report at any time
after its release, whether as a result of new information,
future events or otherwise.

FY25 Q4 Performance Highlights

Retail
1,696 GWh
Total Electricity Sales
WholesaleKupe
2
160 GWh increase on pcp
1
520,519
Total Customers
4.8% increase on pcp
$170/MWh
Electricity Netback
21.1% decrease on pcp
459 GWh
Rankine Generation
284 GWh decrease on pcp
250 GWh
PPA Electricity Generation
Operational Coal Stockpile
3
370 kt increase on pcp
1.PCP refers to Q4 FY24 unless otherwise stated.
2.Refers to Genesis’ 46% share of Kupe JV.
3.Excludes security products stockpile of 121 kt
Genesis Energy Limited FY25 Q4 Performance Report 3.
1.6 PJ
0.3 PJ decrease on pcp
6.9 kt
1.8 kt decrease on pcp
578 kt
Oil Production
Kupe LPG Sales
Kupe Gas Sales
156 GWh increase on pcp
34 kbbl
12.9% increase on pcp
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.

Strategy
•A non-binding term sheet signed with industry participants to maintain a third Huntly Rankine Unit to c2035, supported by
long-dated Huntly Firming Options & including a jointly-funded coal reserve for national energy security. During the period,100
GWh of Rankine Generation related to existing Security Products (HFOs & MSOs).
•Unified Brand:We've recently transitioned to a single Genesis brand to streamline operations, simplify our offerings, &
eliminate duplication across the business. This includes the integration of Frank & Ecotricity, with Frank customer migration
expected in Q2 FY26. This strategic shift enables us to deliver a simpler, more consistent customer experience & introduce new
products, significantly strengthening our marketposition.
•Huntly BESS (100MWx2hr) construction underway with the lead contractor mobilised for site enablement works.
•Customer Flex:Hot water trial has successfully shifted 1.43 GWh of electricity demand across 17,000 participating
households. Leveraging smart technology, the programme helps customers reduce bills while supporting peak system stability
•Billing& CRM:End-to-end testing for the first release is nearing completion,with a smaller Frank cohort go-live planned for
early FY26
•Ecobulbs: Over 260,000 have been distributed nationwide, helping customers reduce peak lighting costs & removing an
estimated 13.5 MW of peak energy. This is supporting more affordable home energy use during critical times.
Operational
•Flexible gas deal: Genesis entered into a short-term deal with Methanex to provide additional flex capability & support the
provision of gas to other market participants at a critical time for winter energy security. Just 33TJ was delivered, allowing
Genesis to minimise thermal generation during periods of low prices.
•Flexible thermal generation: During a quarter of market pricing volatility, Genesis was able to flex thermal generation to be
short or long in the market at appropriate times.
•Rankine:Unit 1 successfully returned in early June 2025, ensuring the availability of all three Rankine Units for winter.
•HydroPlant:Strong reliability & availability to maximise high hydrological inflows. Rangipo G5 (60MW) returned from a big
overhaul, ensuring all hydro plants are available for the winter.
•iNPS: Genesis maintained a solid interaction Net Promoter Score (INPS) average of +51 across FY25, reflecting continued
focus on delivering positive customer experiences.
FY25 Q4 Performance Highlights
Genesis: Hydrology Table
1
1
Reported FY24 closing storage restated

Genesis Energy Limited FY25 Q4 Performance Report 4.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.
CUSTOMER
c6TWh
RENEWABLES
c3TWh Hydro
c1TWh PPA
FLEXIBILITY
c1,200MW
HYDROLOGY (GWH)
Q4 FY25
Q4 FY24
Hydro
Generation
704
530
Hydro
Inflows
666
573
Closing
Storage
299
(98% of average)
260
(85% of average)

FY25 Q4 Operating Performance
Genesis Energy Limited FY25 Q4 Performance Report 5.
1
Methodology changed in Q4 FY25 to include volumes generated from customers’ rooftop solar. Prior periods unadjusted as impact is immaterial.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.
Q4 FY25Q4 FY24VarianceYTD FY25YTD FY24
ELECTRICITYVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Volume
Rate per unit$m VolumeRate per unit$m
Retail Resi Electricity802 GWh$316/MWh253.3847 GWh$283/MWh239.9(45) GWh$32/MWh13.43,005 GWh$306/MWh920.83,095 GWh$285/MWh881.1
Retail SME Electricity233 GWh$296/MWh69.0243 GWh$266/MWh64.4(9) GWh$30/MWh4.61,010 GWh$279/MWh281.41,009 GWh$258/MWh260.5
Retail C&I Electricity431 GWh$278/MWh119.6446 GWh$223/MWh99.5(15) GWh$54/MWh20.11,782 GWh$217/MWh386.01,816 GWh$196/MWh355.7
Ecotricity Electricity229 GWh$322/MWh73.80 GWh$0/MWh0.0229 GWh$322/MWh73.8492 GWh$288/MWh141.70 GWh$0/MWh0.0
Total Retail Sales1,696 GWh$304/MWh515.71,536 GWh$263/MWh403.9160 GWh$41/MWh111.86,289 GWh$275/MWh1,729.95,919 GWh$253/MWh1,497.3
Wholesale Electricity Sales
1
1,835 GWh$224/MWh410.71,792 GWh$257/MWh460.444 GWh$(33)/MWh(49.7)6,245 GWh$236/MWh1,472.95,960 GWh$188/MWh1,121.0
Total Derivative Settlements49.9(7.8)57.763.420.0
Generation Costs - Thermal1,094 GWh$147/MWh160.91,258 GWh$113/MWh142.3(165) GWh$34/MWh18.53,613 GWh$142/MWh512.23,282 GWh$114/MWh374.0
Generation Costs - Renewable704 GWh$0/MWh0.0533 GWh$0/MWh0.0171 GWh$0/MWh0.02,594 GWh$0/MWh0.02,677 GWh$0/MWh0.0
Generation Costs - Total1,798 GWh$89/MWh160.91,792 GWh$79/MWh142.36 GWh$10/MWh18.56,207 GWh$83/MWh512.25,960 GWh$63/MWh374.0
Retail Purchases
Retail Purchases1,788 GWh$221/MWh394.61,620 GWh$257/MWh416.1168 GWh$(36)/MWh(21.5)6,617 GWh$210/MWh1,392.76,229 GWh$182/MWh1,135.5
Transmission and Distribution Costs207.3156.550.8684.8567.7
GASVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Volume
Rate per unit$m VolumeRate per unit$m
Retail Resi Gas0.6 PJ$59.0/GJ33.30.7 PJ$47.4/GJ32.0(0.1) PJ$11.6/GJ1.32.3 PJ$55.7/GJ125.42.5 PJ$47.0/GJ116.8
Retail SME Gas0.4 PJ$38.4/GJ14.70.4 PJ$28.1/GJ11.8(0.0) PJ$10.3/GJ2.91.5 PJ$35.1/GJ53.11.5 PJ$28.9/GJ42.6
Retail C&I Gas0.8 PJ$34.5/GJ26.50.8 PJ$23.9/GJ20.1(0.1) PJ$10.6/GJ6.43.1 PJ$30.8/GJ94.33.1 PJ$22.5/GJ69.0
Total Retail Sales1.7 PJ$43.4/GJ74.51.9 PJ$33.0/GJ63.9(0.2) PJ$10.4/GJ10.66.8 PJ$40.0/GJ272.77.0 PJ$32.5/GJ228.3
Wholesale Sales0.0 PJ$11.7/GJ0.20.0 PJ$20.8/GJ0.4(0.0) PJ$(9.1)/GJ(0.2)1.9 PJ$7.9/GJ14.70.2 PJ$12.8/GJ2.6
Cost of Gas1.7 PJ$14.9/GJ25.92.0 PJ$12.8/GJ25.0(0.2) PJ$2.2/GJ0.98.7 PJ$13.6/GJ118.67.2 PJ$9.9/GJ71.5
Transmission and Distribution Costs26.226.10.1105.092.9
LPGVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Volume
Rate per unit$m VolumeRate per unit$m
Bottled LPG Sales4.3 kt$3,534/t15.25.1 kt$3,317/t17.0(0.8) kt$216/t(1.8)17.9 kt$3,510/t62.819.2 kt$3,199/t61.3
SME & Other Bulk LPG Sales6.2 kt$2,065/t12.86.5 kt$1,844/t12.0(0.3) kt$221/t0.824.7 kt$1,972/t48.724.2 kt$1,806/t43.7
Total Retail Sales10.5 kt$2,668/t28.111.6 kt$2,493/t29.0(1.1) kt$174/t(1.0)42.6 kt$2,618/t111.543.3 kt$2,423/t105.0
Wholesale LPG Sales0.7 kt$1,154/t0.91.9 kt$1,031/t2.0(1.2) kt$122/t(1.1)3.8 kt$1,062/t4.16.2 kt$1,012/t6.3
LPG Cost11.3 kt$1,129/t12.713.6 kt$967/t13.1(2.3) kt$162/t(0.4)46.4 kt$1,065/t49.549.6 kt$1,007/t50.0
KUPEVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Volume
Rate per unit$m VolumeRate per unit$m
Oil Sales31.0 Kbbl$121.4/bbl3.80.0 Kbbl$0.0/bbl(4.1)31.0 Kbbl$121.4/bbl7.8160.5 Kbbl$111.8/bbl17.9108.8 Kbbl$93.7/bbl10.2
Gas Sales1.6 PJ$8.1/GJ13.22.0 PJ$8.3/GJ16.2(0.3) PJ$(0.2)/GJ(3.0)6.6 PJ$8.2/GJ54.27.0 PJ$8.1/GJ56.5
LPG Sales6.9 kt$548/t3.88.7 kt$539/t4.7(1.8) kt$9/t(0.9)28.9 kt$548/t15.830.0 kt$531/t15.9

1. Genesis brand only 2. Excludes Ecotricity 3. Reported Q2 number restated
FY25 Q4 Operating Metrics
Genesis Energy Limited FY25 Q3 Performance Report 6.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.
RETAIL SEGMENTQ4 FY25Q4 FY24% ChangeVar.Q3 FY25% ChangeVar.YTD FY25YTD FY24
RETAIL
Brand Net Promoter Score - Genesis Energy272128.6% 62317.4% 4
Interaction Net Promoter Score - Genesis4755(14.5%)-848(2.1%)-1
Gross Customer Churn (3 month rolling average, %)20.0% 22.5% (11.1%)(2.5%)16.6% 20.3% 3.4%
Net Customer Churn (3 month rolling average, %)12.6% 14.3% (11.4%)(1.6%)10.1% 24.7% 2.5%
Electricity Netback ($/MWh)$169.66 $150.25 12.9%$19.40 $155.19 9.3%$14.47 $155.34 $146.46
Gas Netback ($/GJ)$27.03 $18.38 47.0%$8.65 $26.44 2.2%$0.59 $23.67 $17.72
LPG Netback ($/t)$1,522.64 $1,486.86 2.4%$35.77 $1,389.28 9.6%$133.35 $1,510.71 $1,357.08
CUSTOMER NUMBERS
Customers > 1 Fuel127,278 150,557 (15.5%)(23,279)127,028 0.2%250 127,278 150,557
Electricity Only Customers341,958 305,347 12.0%36,611 345,543 (1.0%)(3,585)341,958 305,347
Gas Only Customers15,671 10,821 44.8%4,850 16,847 (7.0%)(1,176)15,671 10,821
LPG Only Customers35,612 29,871 19.2%5,741 36,909 (3.5%)(1,297)35,612 29,871
Total Customers520,519 496,596 4.8%23,923 526,327 (1.1%)(5,808)520,519 496,596
Electricity ICPs Active-Occupied545,259 518,713 5.1%26,546 549,562 (0.8%)(4,303)545,259 518,713
Gas ICPs Active-Occupied102,320 109,679 (6.7%)(7,359)103,728 (1.4%)(1,408)102,320 109,679
LPG Customer Connections (#) 85,831 91,712 (6.4%)(5,881)86,831 (1.2%)(1,000)85,831 91,712
Total ICPs733,410 720,104 1.8%13,306 740,121 (0.9%)(6,711)733,410 720,104
WHOLESALE SEGMENTQ4 FY25Q4 FY24% ChangeVar.Q3 FY25% ChangeVar.YTD FY25YTD FY24
GENERATION
Generation Emissions (ktCO2)743 1,009 (26.4%)(266)667 11.4% 76 2,539 2,440
Generation Carbon Intensity (tCO2/GWh)413 563 (26.6%)(150)465 (11.1%)(52)409 409
Rankine Output (GWh)459 743 (38.2%)(284)433 6.1% 26 1,704 2,332
Rankines Fueled by Coal (%)95% 99% (3.3%)(3%)91% 4.6% 4% 90% 59%
Total Gas Purchases (PJ)6.8 6.3 8.8%0.5 5.9 15.1%0.9 25.1 25.4
Total Coal Purchases (PJ)9.3 - N/A 9.3 2.4 292.5% 6.9 26.3 -
Electricity CFD Purchases - Wholesale (GWh)332 385 (13.9%)(54)286 15.9% 45 1,418 1,966
Electricity CFD Purchase Price - Wholesale ($/MWh)$217 $178 21.8%$39 $160 35.2%$56 $165 $146
Electricity CFD Sales - Wholesale (GWh)444 386 15.1% 58 302 47.0% 142 1,499 1,626
Electricity CFD Sale Price - Wholesale ($/MWh)$260 $169 54.1%$91 $200 29.7%$60 $205 $147
Gas Used In Internal Generation (PJ)5.0 4.1 22.5% 0.94.4 15.2% 0.716.6 18.1
Weighted Average Gas Burn Cost ($/GJ)$14.9 $12.3 21.5% $2.6 $13.8 8.5% $1.2 $15.1 $10.3
Coal Used In Internal Generation (PJ) 4.81 8.1 (40.4%)(3.3)4.4 8.4% 0.4 16.9 15.0
Weighted Average Coal Burn Cost ($/GJ)$11.6 $8.0 45.5% $3.6 $11.5 0.9% $0.1 $10.5 $8.0
Operational Coal Stockpile - closing balance (kilotonnes)578207178.7% 370 36658.0% 212 578207
Security Products – coal equivalent energy secured (kilotonnes)121 24 396.5% 96 108 11.6% 13 12124
POWER PURCHASE AGREEMENTS
Electricity (GWh)250 93 167.8% 156 229 8.9% 20 731 457
Average Price Received for Generation - GWAP ($/MWh)$187.49 $223.90 (16.3%)($36.40)$202.71 (7.5%)($15.22)$170.31 $143.84

1.The severity and classification of injuries are subject to change based on medical assessment and acceptance by ACC. This may result in historical restatement.
FY25 Q4 Operating Metrics
Genesis Energy Limited FY25 Q4 Performance Report 7.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.
1,298
1,297
1,263
1,209
1,196
1,189
1,150
1,156
32
33
41
75
93
80
129
126
63
65
68
1,329
1,331
1,304
1,284
1,289
1,332
1,345
1,350
1,000
1,050
1,100
1,150
1,200
1,250
1,300
1,350
1,400
FY24 Q1Q2Q3Q4FY25 Q1Q2Q3Q4
FTE Split
Core FTEDigital Projects FTEEcotricity FTETotal FTETotal Genesis FTE
KUPE SEGMENTQ4 FY25Q4 FY24% ChangeVar.Q3 FY25% ChangeVar.YTD FY25YTD FY24
Oil Production (kbbl)34 43 (21.1%)(9)36 (5.5%)(2)141 158
Average Brent Crude Oil (USD/bbl)$67.82 $84.94 (20.1%)($17.11)$75.66 (10.4%)($7.84)$74.59 $85.09
LPG Production (kt)7.2 8.7 (16.7%)(1.4)7.6 (4.2%)(0.3)29.3 30.1
LPG Production Yield (t/TJ)4.4 4.4 (0.1%)(0.0)4.5 (0.4%)(0.0)4.4 4.3
OTHERQ4 FY25Q4 FY24% ChangeVar.Q3 FY25% ChangeVar.YTD FY25YTD FY24
CORPORATE
Employees FTE1,215 1,230 (1.2%)(15)1,209 0.5%6 1,215 1,230
Contractors FTE66 53 24.3%13 71 (6.1%)(4)66 53
Ecotricity FTE68 - N/A68 65 4.6%3 68 -
Total FTE1,350 1,284 5.1%66 1,345 0.4%5 1,350 1,284
Total Recordable Injuries13 14 (7.1%)(1)8 62.5% 5 46 48

FY25 Q4 Appendix: Retail Segment
Genesis Energy Limited FY25 Q4 Performance Report 8.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.
30,000
40,000
50,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Q2Q3Q4
LPG Sales Volume (Tonnes)
Quarterly Bottled LPG Sales VolumesQuarterly Bulk & Business LPG Sales Volume
Rolling 12-month Sales Volume (RHS)
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Q2Q3Q4
Electricity Sales Volume (GWh)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesQuarterly Ecotricity Sales Volumes
Rolling 12-month Sales Volume (RHS)
6.0
6.5
7.0
7.5
8.0
8.5
9.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Q2Q3Q4
Gas Sales Volume (PJ)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)

FY25 Q4 Appendix: Wholesale Segment
Genesis Energy Limited FY25 Q4 Performance Report 9.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.
0
50
100
150
200
250
JulAugSepOctNovDecJanFebMarAprMayJun
Waikaremoana Storage vs. Long Run Average (GWh)
Long Run Average Storage12 Month Storage
0
100
200
300
400
500
600
700
800
900
JulAugSepOctNovDecJanFebMarAprMayJun
Tekapo Storage vs. Long Run Average (GWh)
Long Run Average Storage12 Month Storage
0
1,000
2,000
3,000
4,000
5,000
JulAugSepOctNovDecJanFebMarAprMayJun
New Zealand Daily Storage (All Generators, GWh)
Long Run Average Storage12 Month Storage
0
1
2
3
4
5
6
JulAugSepOctNovDecJanFebMarAprMayJun
Tongariro Generation (GWh/Day)
20 Year Average7 Day Rolling Average

FY25 Q4 Appendix: Wholesale Segment
Genesis Energy Limited FY25 Q4 Performance Report 10.
All prices and volumes in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.
$50
$100
$150
$200
$250
$300
$350
Sep-22Dec-22Mar-23Jun-23Sep-23Dec-23Mar-24Jun-24Sep-24Dec-24Mar-25Jun-25
ASX Futures Spot Pricing ($/MWh)
1-Year Contract2-Year Contract3-Year Contract
0
500
1,000
1,500
2,000
2,500
3,000
FY21
Q1
Q2Q3Q4FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Q2Q3Q4
Generation Portfolio (GWh)
North Island HydroSouth Island HydroHaunui WindPPAs
Huntly Units 1 to 4 GasHuntly Units 1 to 4 CoalHuntly Unit 6Huntly Unit 5
0%
20%
40%
60%
80%
100%
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
FY23 Q1Q2Q3Q4FY24 Q1Q2Q3Q4FY25 Q1Q2Q3Q4
Portfolio & Thermal Fuel Costs
Weighted Average Fuel Cost - Thermal ($/MWh)
Weighted Average Fuel Cost - Portfolio ($/MWh)
Renewable Contribution to Total Generation (%)

FY25 Q4 Appendix: Kupe Segment
Genesis Energy Limited FY25 Q4 Performance Report 11.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.
$50
$60
$70
$80
$90
$100
JulAugSepOctNovDecJanFebMarAprMayJun
Brent Crude Oil Spot Price (USD/bbl)
12 Months to Jun 2412 Months to Jun 25
0
2
4
6
8
10
12
0
1
1
2
2
3
3
4
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Q2Q3Q4
Kupe Gas Sales Volume (Genesis Share, PJ)
Quarterly Sales VolumeRolling 12 Months Sales Volume (RHS)
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4FY25
Q1
Q2Q3Q4
Kupe Oil Production Volume (Genesis Share, kbbl)
Quarterly Production VolumeRolling 12 Month Production Volume (RHS)

Glossary – Performance
Electricity
Retail Sales Residential
Sales of electricity to residential customers
Retail Sales SMESales of electricity to small business customers
Retail Sales C&ISales of electricity to commercial and industrial customers
Retail Sales EcotricitySales of electricity to Ecotricity customers
Wholesale SalesSale of generated electricity and residential rooftop solar onto the spot market, excluding PPA settlements and ancillary revenue
Generation Costs Direct generation costs, inclusive of fuels and carbon
Total Derivative SettlementsNet settlement of electricity derivatives including PPAs, hedges, options, market making obligations and discretionary trading
Retail PurchasesPurchases of electricity on spot market for retail customers
Transmission and Distribution CostsTotal electricity transmission and distribution costs, connection charges, electricity market levies and meter leasing
Gas
Retail Sales ResidentialSales of gas to residential customers
Retail Sales SMESales of gas to small business customers
Retail Sales C&ISales of gas to commercial and industrial customers
Wholesale SalesSales of gas to wholesale customers
Gas CostPurchase of gas for sale (excludes gas used in electricity generation)
Transmission and Distribution CostsTotal gas transmission and distribution costs, gas levies and meter leasing
LPG
Bottled LPG SalesRepresents 45kg LPG bottle sales
SME & Other Bulk LPG salesRepresents SME and other bulk and third party distributors
Wholesale LPG SalesSales of LPG to wholesale customers
LPG CostPurchase of LPG for sale
Kupe
Oil SalesSale of crude oil
Gas SalesSale of gas
LPG SalesSale of LPG
Genesis Energy Limited FY25 Q4 Performance Report 12.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.

Glossary – Operational metrics
Retail
BrandNetPromoterScoreBasedonsurveyquestion “Howlikelywouldyou betorecommend Genesis/ Frank Energyto yourfriendsorfamily?” Calculated on 3 month rolling basis.
InteractionNetPromoterScore
Based on survey question “Based on your recent interaction with Genesis/Frank, how likely would you be to recommend Genesis/Frankto your family/friends?”
Calculated on 3 month rolling basis.
CustomersElectricityand gas customersare defined bysingle customer view,regardless of number ofconnections (ICP’s)
SingleCustomerViewRepresentsuniquecustomerswhichmayhavemultipleICPs
ICPInstallationConnectionPoint, aconnectionpoint thatis bothoccupiedand hasnotbeen disconnected(Active-Occupied)
LPGCustomerConnectionsDefinedasnumberofcustomers
GrossCustomerChurnDefinedasresidential customersinstigatingatraderswitchorhomemove
NetCustomerChurnDefinedaspercentage of residential customers that finalise in a period.
Resi, SME, C&IResidential,smallandmediumenterprisesandcommercial&industrialcustomers
B2BBusinesstoBusiness,includingbothSMEandC&I
Netback ($/MWh, $/GJ, $/tonne)
Customer EBITDAF by fuel type plus respective fuel purchase cost divided by total fuel sales volumes, stated in native fuel units (excluding corporate allocation costs and
Technology & Digital cost centre)
Genesis Energy Limited FY25 Q4 Performance Report 13.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.

Glossary – Operational metrics
Wholesale
Electricity Financial Contract Purchases – Wholesale
(GWh)
Settlement volumes of generation hedge purchases, including exchange traded and OTC contracts. Excludes PPAs, active trading, Financial Transmissions Rights
(FTRs) and Cap/Collar/Floor contracts
Electricity Financial Contract Purchases – Wholesale Price
($/MWh)
Average price paid for Electricity Financial Contract Purchases – Wholesale
Electricity Financial Contract Sales – Wholesale (GWh)Settlement volumes of generation hedge sales, including exchange traded and OTC contracts. Excludes PPAs, active trading, Financial Transmissions Rights (FTRs)
and Cap/Collar/Floor contracts
Electricity Financial Contract Sales – Wholesale Price
($/MWh)
Average price paid for Electricity Financial Contract Sales – Wholesale
Generation Emissions Carbon emissions due to coal and gas electricity generation
Rankine OutputElectricity generated in the Huntly Rankine units
Rankine’s Fuelled by Coal (%)TheproportionofcoalusedintheRankineunits
Total Coal Purchases (PJ)Coal purchases have been converted from tonnes to PJ using the shipments’ Calorific Value
WeightedAverage Gas Burn Cost($/GJ)Totalcost ofgas burntdivided bygeneration fromgas firedgeneration, excludingemissions
CoalUsedInInternalGeneration(PJ)Results may be revised to reflect changes in coal kilo tonnes to PJ conversion rate and volume methodology.
WeightedAverage CoalBurn Cost($/GJ)Totalcostof coalburntdivided bygenerationfrom coalfired generation,excludingemissions
Operational Coal Stockpile – closing balance (kt)The coal stockpile closing balance in tonnes at Huntly Power Station, less the Security Products Stockpile.
Security Products Stockpile – closing balance (kt)
Refers to Huntly Firming Option (HFO) and Market Security Options (MSO). Stored energy refers to virtual stockpile volumes ordered by counterparties and is
expressed in kilotonnes of coal equivalents as at period end.
Power purchase agreements
Electricity (GWh)Energypurchasedthroughlongtermagreementswithgenerator
AveragePriceReceivedforGeneration-GWAP
($/MWh)
Price received at production node
Corporate
Total RecordableInjuries12-monthrollingTotalRecordableInjuries including LostTimeInjuries, RestrictiveWorkInjuries andMedicalTreatmentInjuries
Employees FTENumber of full-time equivalent employees, excluding those on parental leave or a career break
Contractors FTENumber of full-time equivalent contractors, excluding statement of work contractors.
Ecotricity FTETotal number of Ecotricity full-time equivalent employees, including contractors.
Total FTETotal number of full-time equivalent employees, including contractors, excluding employees on parental leave or a career break
Kupe
Oil ProductionProduction of crude oil
Oil Price realised (USD/bbl.)Theunderlyingbenchmarkcrude oilpricethat isusedto setthepricefor crudeoilsales
LPG ProductionProduction of LPG
Genesis Energy Limited FY25 Q4 Performance Report 14.
Prices, volumes and financials in this report are unaudited and subject to change. Reported numbers have been rounded and might not appear to add or multiply.

Investor Relations enquiries
David Porter
Investor Relations Manager
+64 20 418 41186

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MARKET RELEASE

22 July 2025
FY25 Q4 Performance Report
NZX: GNE / ASX: GNE
Genesis Energy continued to demonstrate strong strategic execution and operational
flexibility through the fourth quarter of FY25, delivering solid performance across its diverse
portfolio.
A significant step was taken to secure long-term energy security, with the signing of a non-
binding term sheet to maintain the Rankine units out to 2035, supported by long-dated
Huntly Firming Options (HFOs) and a jointly funded coal reserve. During the quarter, 100
GWh of Rankine Generation was related to existing Security Products
The transition to a single Genesis brand is well underway, aiming to streamline operations
and enhance customer experience, with the integration of Frank and Ecotricity progressing,
and Frank customer migration expected in Q2 FY26.
Q4 Performance Highlights:
• Construction of the Huntly BESS (100MWx2hr) has commenced, with the land
contractor mobilised for site enablement works, keeping the project on track.

• Customer Flexibility initiatives continued to expand, with the hot water trial
successfully shifting 1.43 GWh of electricity demand across 17,000 households,
reducing peak energy use.

• Furthermore, the Ecobulb programme surpassed 260,000 units distributed,
potentially removing an estimated 13.5 MW of peak energy demand by lowering
evening grid load.

• Genesis demonstrated exceptional operational agility, leveraging a short-term
flexible gas deal with Methanex, which delivered 33TJ, enabling the minimisation of
thermal generation during low-price periods.

• Our flexible thermal generation capabilities were effectively utilised, showing a +/-
200 MW swing capability within the market, supported by strong returns from asset-
backed trading.

• Ensuring winter readiness, Huntly Unit 1 successfully returned from its early June
2025 outage, making all three Rankine Units available for the colder months.

• Finally, our Hydro Plant exhibited strong reliability and availability, maximising high
hydrological inflows, with Rangipo G5 (60MW) returning from overhaul to ensure full
hydro plant availability for winter.


ENDS


For investor relations enquiries,
David Porter
Investor Relations Manager
M: 020 4184 1186

For media enquiries,
Estelle Sarney
External Communications Manager
M: 027 269 6383







About Genesis Energy
Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis
sells electricity, reticulated natural gas and LPG through its retail brands of Genesis and Frank
and is one of New Zealand’s largest energy retailers with approximately 500,000 customers.
The Company generates electricity from a diverse portfolio of thermal and renewable
generation assets located in different parts of the country. Genesis also has a 46% interest in
the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New
Zealand. Genesis had revenue of $NZ3.0 billion during the 12 months ended 30 June 2024.
More information can be found at www.genesisenergy.co.nz