FY27 Q1 Performance Report

MARKET RELEASE
Date: 22 October 2026
NZX: GNE / ASX: GNE
FY27 Q1 Performance Report
Genesis delivered a strong start to FY27, with favourable market conditions supported by strong national hydro
storage keeping wholesale prices lower and enabling the business to leverage its portfolio flexibility, minimise
thermal generation, source electricity from the market and redirect available gas to industrial customers.
The quarter also marked an important milestone in delivery of the FY32 Growth Plan, with the first Huntly Battery
Energy Storage System (BESS) commissioned and FID reached on the Leeston Solar Farm.
Customer numbers reflect the planned repositioning of the portfolio towards higher-quality margins, with the return
to customer growth in Q4 2026 continuing throughout Q1 2027.
Q1 FY27 highlights
• Total customers increased during the quarter to 493,450, representing growth of 0.7% since 30 June with
electricity customer numbers continuing to increase and LPG connections growing by 1,622 during the
quarter.
• Thermal generation of 163 GWh, down 620 GWh on pcp. Unit 5 remained idled during the quarter, while
strong national hydro storage contributed to lower wholesale market prices, allowing Genesis to flex its
portfolio, minimise thermal generation and purchase electricity from the market to meet customer demand.
• Huntly BESS Stage 1 (100 MW / 200 MWh) is now commissioned with Stage 2 design and procurement
underway and construction expected to commence in Q2 FY27.
• Continued delivery of the grid-scale solar pipeline, with Tihori on budget and on track for Q1 FY28 COD,
Leeston reaching FID with construction expected to commence in Q2/Q3 FY27, and Rangiriri continuing
through the pre-FID phase.
• Further strengthening of Genesis’ gas position, Genesis has strengthened its gas position with 11.4 PJ of
third-party gas contracted from March 2027 to December 2029 and the Kupe right of first refusal exercised,
securing up to 8.6 PJ of additional gas from January 2027 to December 2028. Genesis has also sold ~0.9 PJ of
gas to a third party for delivery across January and February 2027 supporting the extension of Unit 5’s
planned shutdown to mid-February 2027 and the flexibility to redirect available gas to higher-value uses.
• Progress on Genesis’ digital transformation programme, with Release 2 and Release 3 remaining on track
and total major digital investment continuing within the $145 million envelope.

• The coal stockpile remained above 1.2 million tonnes, with favourable hydro conditions resulting in minimal
demand for coal generation during the quarter. The coal stockpile includes ~600 kt of strategic reserve
funded equally across the four gentailers, with the balance held in Genesis’ own stockpile.

ENDS

For investor relations enquiries, please contact:
Michael Hunter
GM Investor Relations & Corporate Valuation
M: 021 073 1603

For media enquiries, please contact:
Graeme Muir
Group Manager Communications
M: 027 202 4885

About Genesis Energy:

Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells electricity,
reticulated natural gas and LPG and is one of New Zealand's largest energy retailers with nearly 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. More information can be found at www.genesisenergy.co.nz

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Genesis Energy
FY27 Q1
PERFORMANCE REPORT
22 October 2026

DISCLAIMER
Genesis Energy FY27 Q1 Results
2
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 first quarter of the financial year ending
30 June 2027. 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.
Forward-looking statements can generally be identified by
the use of words such as “approximate”, “project”, “foresee”,
“plan”, “target”, “seek”, “expect”, “aim”, “intend”, “anticipate”,
“believe”, “estimate”, “may”, “should”, “will”, “objective”,
“assume”, “guidance”, “outlook” or similar expressions.
Genesis Energy is subject to disclosure obligations under the
NZX Listing Rules that requires it to notify certain material
information to NZX for the purpose of that information being
made available to participants in the market. This report
should be read in conjunction with Genesis Energy’s periodic
and continuous disclosure announcements released to NZX,
which are available at www.nzx.com.
While all reasonable care has been taken in compiling this
report, to the maximum extent permitted by law, Genesis
Energy accepts no responsibility for any errors or omissions,
and no representation is made as to the accuracy,
completeness or reliability of the information, in this report.
This report does not constitute financial, legal, 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.
All references to “$” are to New Zealand dollars, unless
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.

FY27 Q1
PERFORMANCE HIGHLIGHTS
KUPE
1
Total Electricity Sales
1,766 GWh
108 GWh decrease on pcp
2
Total Customers³
493,450
0.7% increase on Q4 2026
WHOLESALE
Hydro Generation
785 GWh
120 GWh decrease on pcp
PPA Electricity Generation⁴
303 GWh
45 GWh increase on pcp
Thermal Generation
163 GWh
620 GWh decrease on pcp
Kupe LPG Sales
6.2 kt
1.4 kt decrease on pcp
Kupe Gas Sales
1.3 PJ
0.3 PJ decrease on pcp
Oil Production
25 kbbl
24% decrease on pcp
Electricity Netback
$184/MWh
1.4% increase on pcp
3
Notes: (1) Kupe metrics show Genesis’ 46% JV share; (2) Prior Corresponding Period (PCP) = Q1 FY26 unless stated; (3) In line with strategic focus on margin quality, targeted rebalancing of supply and demand is starting to unlock value.
We have moved to a single Genesis brand, with the amalgamation of Frank and Ecotricity's product ranges; (4)Includes JV and third-party Power Purchase Agreements (PPAs).
RETAIL
Genesis Energy FY27 Q1 Results

DELIVERY OF FY32 GROWTH PLAN
Genesis Energy FY27 Q1 Results
4
Strong progress across all strategic pillars
Grow Customer Value
• Customer numbers continued to grow through Q1, increasing
0.7% to 493,450
• Advanced the single-brand strategy through a refreshed visual
identity and launch of the “Life at Full Power” platform
• Enhanced Power Shout rewards and redemption options,
strengthening the customer proposition
• Increased EV plan uptake by 2,091 customers during Q1
• Customer Flex reduced peak demand by ~15 MW during the
6–7 Aug price spikes, showing the value of customer flexibility
Total “Big Rock” Investment ($m)
1
15
35
50
45
FY24AFY25AFY26AFY27E
Solar
• Tihori Solar (formerly Edgecumbe): under construction with
COD Q1 FY28, on budget
• Leeston Solar FID; construction starts Q2/Q3 FY27
• Rangiriri Solar pre-FID continuing
Onshore WindOffshore Wind
• Offshore Renewable Energy Bill passed, enabling
permits for NZ opportunities
• Partnership with Taranaki Offshore Partners in place
Gas
• Baseload gas displacement targeted around FY29
• 11.4 PJ third-party gas contracted Mar 2027–Dec 2029
• Beach ROFR exercised, securing up to 8.6 PJ Kupe gas
Jan 2027–Dec 2028
• Strategic review of Unit 5 ongoing
• Genesis has sold ~0.9 PJ of gas to a third party for
delivery across January and February 2027
Rankines
• Planned outages completed successfully, including the
first phase of the Unit 2 life extension work (cold survey)
and Unit 1 hot inspection
BESS
• Huntly Stage 1 commissioned and commercial
• Stage 2 design/procurement underway;
construction starts Q2 FY27
ActualForecast
Notes: (1) $145m is subject to SaaS accounting conventions & is gross of any costs deferred to prepayments
Customer
Renewables
Huntly
• On track progressing options for delivery of up 300MW
wind by FY32
Make Energy Simpler
• Release 2 on track; residential/small business migration
starts Q3 FY27
• Release 3 on track; Robotron confirmed for C&I; phased
migration starts Q2 FY27
• Major digital spend remains on track at $145m
ON TRACK TO DELIVER DIGITAL INVESTMENT “BIG
ROCK” INITIATIVESWITHIN THE $145m ENVELOPE
Retail Billing & CRM
modernisation
Finance Management
System replacement
Wholesale & Markets
Trading systems upgrades

RENEWABLES: STRONG DEVELOPMENT PIPELINE
Genesis Energy FY27 Q1 Results
5
Projects that directly address New Zealand’s need for additional firming capacity
Notes: (1) Capex estimate now extended to FY32; (2) Project financed with ~$13m equity funding by Genesis; (3) Formerly known as Edgecumbe; (4) Genesis is targeting 500 MW of solar opportunities; (5) Stages 1 & 2 (collectively 228 MWp)
are consented. Consents are still to be acquired for Stage 3 (43 MWp); (6) Excludes 300 MW of additional BESS options
PROJECTCAPACITY / DURATIONSTATUSTOTAL PROJECT CAPEX
1
COMMENTARY
Operational63 MW
P
$104m
Lauriston solar farm63 MW
P
Operating$104m
2
Operational
Committed growth capex406 MW ~$599m
Huntly BESS stage 1100 MW / 200 MWhOperating$135mOperational
Tihori
3
solar farm
4
136 MW
P
Under construction$236mCOD Q1 FY28 | on budget
Huntly BESS stage 2100 MW / 200 MWhFID delivered$106mFID – Apr 2026
Leeston solar farm
4
70 MW
P
FID delivered$122mFID – Aug 2026
Progressed growth opportunities271 MW$470 – 490m
Rangiriri solar farm271 MW
P
Consented
5
$470 – 490mFID expected Q4/Q1FY27/28
Discretionary growth opportunities – firming
6
50 – 100 MW$250 – 400m
Gas storageN/AUnder active reviewDiscussions ongoing
Huntly unit 7 peaker~50 – 100 MWUnder reviewNo further update
Discretionary growth opportunities – renewables ~820 MW+$1.1 – 1.2bn
Foxton solar farm
4
220 MW
P
ConsentedNo further update
Castle Hill wind farm~300 MWConsentedNo further update
Early-stage wind prospects~300 MWEarly-stage prospectingNo further update
Early-stage hydro enhancementN/AEarly-stage prospectingNo further update
Joint Equity / PPAs~1,000 MW
Yinson wind partnership~1,000 MWEarly-stage equity optionsNo further update

OPERATIONAL UPDATE
Genesis Energy FY27 Q1 Results
6
Thermal Units
Huntly planned outage campaign in progress:
•Unit 5 hot inspection underway
•Major works on Rankine units continue into CY27
including U4 cold survey and U2 transformer
replacement
Coal:
•Hydro conditions continued to be favourable in Q1
resulting in minimal demand for coal for generation
•Stockpile remained above 1.2 million tonnes
Generation:
•Thermal generation of 163 GWh (-79% vspcp)
•Unit 5 was idled, with available gas redirected to
support industrial customers
•Thermal generation was flexed to manage portfolio
exposure and provide the market additional supply
when most needed
Q1 Performance:
•Hydro Generation of 785 GWh (-13% vspcp)
•Genesis lake levels decreased to 113% of
averageat30 September
Planned outage campaigns in progress,
including:
•Kaitawa G7 unit major overhaul (including generator
replacement, turbine overhaul, penstock painting and
main inlet valve refurbishment) began in June and
runs through to early CY27
Hydro Schemes
LPG:
•Customer base grew by 1,622 customers
connections (+1.8%) in the quarter
•Drury depot is fully operational following the
successful transition of the Pukekohe customer base,
supporting further growth in Auckland South. The
Pukekohe depot has been decommissioned
•LPG supply remained secure, with no impact to
contracted volumes or delivery schedules
•Genesis secured an additional 500T of domestic
supply for Q2, reducing exposure to international
import prices
Kupe JV:
•One plant outage in quarter totaling two days
•Excluding unplanned outage production has been in
line with operator forecast
Commercial Businesses

Genesis Energy FY27 Q1 Results
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.
Q1 FY27Q1 FY26VarianceYTD FY27YTD FY26
ELECTRICITYVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Retail Resi Electricity882 GWh$346305920 GWh$321296(38) GWh$249882 GWh$346305920 GWh$321296
Retail SME Electricity241 GWh$33380254 GWh$31881(14) GWh$16(1)241 GWh$33380254 GWh$31881
Retail C&I Electricity403 GWh$287116457 GWh$265121(54) GWh$22(5)403 GWh$287116457 GWh$265121
Ecotricity Electricity239 GWh$33179242 GWh$32378(2) GWh$91239 GWh$33179242 GWh$32378
Total Retail Sales1,766 GWh$3295801,874 GWh$307575(108) GWh$2251,766 GWh$3295801,874 GWh$307575
Wholesale Electricity Sales980 GWh$69671,695 GWh$138234(714) GWh$(69)(167)980 GWh$69671,695 GWh$138234
Total Derivative Settlements(30)33(62)(30)33
Generation Costs - Thermal163 GWh$23538784 GWh$153120(620) GWh$82(82)163 GWh$23538784 GWh$153120
Generation Costs - Renewable785 GWh-0904 GWh-0(120) GWh-0785 GWh-0904 GWh-0
Generation Costs - Total948 GWh$41381,688 GWh$71120(740) GWh$(31)(82)948 GWh$41381,688 GWh$71120
Retail Purchases
Retail Purchases1,891 GWh$651241,967 GWh$141277(76) GWh$(75)(153)1,891 GWh$651241,967 GWh$141277
Transmission and Distribution Costs23621422236214
POWER PURCHASE AGREEMENTSVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Power Purchase Agreements303 GWh$5115258 GWh$1183145 GWh$(67)(16)303 GWh$5115258 GWh$11831
GASVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Retail Resi Gas0.8 PJ$58.5440.8 PJ$51.542(0.1) PJ$7.120.8 PJ$58.5440.8 PJ$51.542
Retail SME Gas0.2 PJ$43.4100.5 PJ$38.018(0.2) PJ$5.3(8)0.2 PJ$43.4100.5 PJ$38.018
Retail C&I Gas0.3 PJ$34.9100.8 PJ$35.530(0.5) PJ$(0.6)(19)0.3 PJ$34.9100.8 PJ$35.530
Total Retail Sales1.3 PJ$50.3652.1 PJ$42.290(0.8) PJ$8.1(25)1.3 PJ$50.3652.1 PJ$42.290
Wholesale Sales1.5 PJ$12.8200.1 PJ$10.211.5 PJ$2.7191.5 PJ$12.8200.1 PJ$10.21
Cost of Gas2.8 PJ$16.2462.2 PJ$14.9330.6 PJ$1.2132.8 PJ$16.2462.2 PJ$14.933
Transmission and Distribution Costs2431(7)2431
LPGVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Bottled LPG Sales5.5 kt$3,514195.4 kt$3,443180.2 kt$7115.5 kt$3,514195.4 kt$3,44318
SME & Other Bulk LPG Sales5.8 kt$2,728167.0 kt$2,23216(1.2) kt$49605.8 kt$2,728167.0 kt$2,23216
Total Retail Sales11.3 kt$3,1133512.3 kt$2,75934(1.0) kt$354111.3 kt$3,1133512.3 kt$2,75934
Wholesale LPG Sales0.2 kt$81800.6 kt$1,1331(0.4) kt$(314)(0)0.2 kt$81800.6 kt$1,1331
LPG Cost11.4 kt$1,6361912.9 kt$1,26216(1.4) kt$374211.4 kt$1,6361912.9 kt$1,26216
KUPEVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Oil Sales25.1 Kbbl$183.54.643.2 Kbbl$106.04.6(18.1) Kbbl$77.50.025.1 Kbbl$183.54.643.2 Kbbl$106.04.6
Gas Sales1.3 PJ$13.717.71.6 PJ$13.521.3(0.3) PJ$0.2(3.5)1.3 PJ$13.717.71.6 PJ$13.521.3
LPG Sales6.2 kt$7204.47.6 kt$7165.4(1.4) kt$4(1.0)6.2 kt$7204.47.6 kt$7165.4
OPERATING PERFORMANCE

OPERATING METRICS
Genesis Energy FY27 Q1 Results
8
RETAIL SEGMENTQ1 FY27Q1 FY26% ChangeVar.Q4 FY26% ChangeVar.YTD FY27YTD FY26
RETAIL
Interaction Net Promoter Score - Genesis45434.7% 2 63 (28.6%)(18)
Gross Customer Churn (3 month rolling average, %)17.7% 21.6% (18.0%)(3.9%)18.2% (2.4%)(0.4%)
Net Customer Churn (3 month rolling average, %)10.8% 15.2% (29.3%)(4.5%)11.0% (2.0%)(0.2%)
Electricity Netback ($/MWh)$184.0 $181.4 1.4% $2.6 $189.3 (2.8%)($5.3)$184.0 $181.4
Gas Netback ($/GJ)$28.8 $27.2 5.9% $1.6 $24.1 19.5% $4.7 $28.8 $27.2
LPG Netback ($/t)$1,768.3 $1,644.9 7.5% $123.4 $1,441.9 22.6% $326.4 $1,768.3 $1,644.9
CUSTOMER NUMBERS
Customers > 1 Fuel136,654 133,042 2.7%3,612 135,740 0.7%914
Electricity Only Customers315,349 324,310 (2.8%)(8,961)312,864 0.8%2,485
Gas Only Customers9,096 12,564 (27.6%)(3,468)9,371 (2.9%)(275)
LPG Only Customers32,351 32,849 (1.5%)(498)32,252 0.3%99
Total Customers493,450 502,765 (1.9%)(9,315)490,227 0.7%3,223
Electricity ICPs Active-Occupied522,565 532,250 (1.8%)(9,685)519,281 0.6%3,284
Gas ICPs Active-Occupied96,505 101,770 (5.2%)(5,265)97,330 (0.8%)(825)
LPG Customer Connections (#) 90,534 86,233 5.0%4,301 88,912 1.8%1,622
Total ICPs709,604 720,253 (1.5%)(10,649)705,523 0.6%4,081
WHOLESALE SEGMENTQ1 FY27Q1 FY26% ChangeVar.Q4 FY26% ChangeVar.YTD FY27YTD FY26
GENERATION
Generation Emissions (ktCO2)130 439 (70.3%)(309)251 (48.0%)(120)130 439
Generation Carbon Intensity (tCO2/GWh)137 260 (47.1%)(122)204 (32.5%)(66)137 260
Rankine Output (GWh)155 175 (11.7%)(20)76 103.7% 79 155 175
Rankines Fueled by Coal (%)23% 88% (73.4%)(65%)24% (0.5%)(0%)23% 88%
Total Gas Purchases (PJ)4.4 7.2 (38.2%)(2.7)5.5 (19.8%)(1.1)4.4 7.2
Total Coal Purchases (PJ)- 9.2 (100.0%)(9.2)- N/A - - 9.2
Electricity CFD Purchases - Wholesale (GWh)512 395 29.4% 116 307 66.4% 204 512 395
Electricity CFD Purchase Price - Wholesale ($/MWh)$174 $209 (16.4%)($34.1)$212 (17.7%)($37.4)$174 $209
Electricity CFD Sales - Wholesale (GWh)176 470 (62.6%)(294)234 (24.9%)(58)176 470
Electricity CFD Sale Price - Wholesale ($/MWh)$194 $232 (16.5%)($38.2)$218 (10.9%)($23.6)$194 $232
Gas Used In Internal Generation (PJ)1.6 4.9 (67.7%)(3.3)4.2 (62.5%)(2.6)1.6 4.9
Weighted Average Gas Burn Cost ($/GJ)$17.2 $15.7 9.9% $1.5 $15.5 11.2% $1.7 $17.2 $15.7
Coal Used In Internal Generation (PJ) 0.5 1.8 (74.5%)(1.3)0.2 104.3% 0.2 0.5 1.8
Weighted Average Coal Burn Cost ($/GJ)$11.6 $11.6 0.2% $0.0 $11.7 (0.1%)($0.0)$11.6 $11.6
Operational Coal Stockpile - closing balance (kilotonnes)602 894 (32.7%)(293)581 3.5%21
Security Products – coal equivalent energy secured (kilotonnes)592 166 256.9% 426 608 (2.6%)(16)
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.

OPERATING METRICS
Genesis Energy FY27 Q1 Results
9
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.
1196
1189
1150
1156
1179
1275
1,241
1,259
1,263
63
65
68
71
93
80
129
126
122
88
107
92
91
1,289
1,332
1,345
1,350
1,372
1,363
1,348
1,351
1,354
1,000
1,100
1,200
1,300
1,400
Q1
FY25
Q2
FY25
Q3
FY25
Q4
FY25
Q1
FY26
Q2
FY26
Q3
FY26
Q4
FY26
Q1
FY27
FTE SPLIT
Core FTEEcotricity FTEDigital Projects FTETotal FTE
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.
KUPE SEGMENTQ1 FY27Q1 FY26% ChangeVar.Q4 FY26% ChangeVar.YTD FY27YTD FY26
Oil Production (kbbl)25 32 (23.7%)(8)26 (5.5%)(1)25 32
Average Brent Crude Oil (USD/bbl)$97.0 $69.1 40.4%$27.9 $104.5 (7.2%)($7.5)$97.0 $69.1
LPG Production (kt)6.0 7.0 (14.2%)(1.0)5.7 5.4%0.3 6.0 7.0
LPG Production Yield (t/TJ)4.6 4.4 4.7%0.2 4.4 4.7%0.2 4.6 4.4
OTHERQ1 FY27Q1 FY26% ChangeVar.Q4 FY26% ChangeVar.YTD FY27YTD FY26
CORPORATE
Employees FTE1,294 1,307 (1.0%)(13)1,286 0.6%8
Contractors FTE60 65 (6.8%)(4)65 (6.5%)(4)
Total FTE1,354 1,372 (1.3%)(18)1,351 0.3%4
Total Recordable Injuries
1
3 12 (75.0%)(9)7 (57.1%)(4)3 12

APPENDIX: RETAIL SEGMENT
Genesis Energy FY27 Q1 Results
10
2,000
3,000
4,000
5,000
6,000
0
400
800
1,200
1,600
2,000
Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
FY23FY24FY25FY26FY27
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)
0.0
2.0
4.0
6.0
8.0
0.0
1.0
2.0
3.0
Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
FY23FY24FY25FY26FY27
GAS SALES VOLUME (PJ)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)
30,000
35,000
40,000
45,000
50,000
0
4,000
8,000
12,000
16,000
Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
FY23FY24FY25FY26FY27
LPG SALES VOLUME (TONNES)
Quarterly Bulk & Business LPG Sales Volume
Quarterly Bottled LPG Sales Volumes
Rolling 12-month Sales Volume (RHS)
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
1,000
2,000
3,000
4,000
5,000
OctNovDecJanFebMarAprMayJunJulAugSept
NEW ZEALAND DAILY STORAGE (ALL GENERATORS, GWh)
Long Run Average Storage12 Month Storage
APPENDIX: WHOLESALE SEGMENT
Genesis Energy FY27 Q1 Results
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.
Tekapo Storage is total storage including Genesis and competitors.
0
200
400
600
800
1,000
OctNovDecJanFebMarAprMayJunJulAugSept
TEKAPO STORAGE VS. LONG RUN AVERAGE (GWH)
Long Run Average Storage12 Month Storage
0
50
100
150
200
250
OctNovDecJanFebMarAprMayJunJulAugSept
WAIKAREMOANA STORAGE VS. LONG RUN AVERAGE (GWH)
Long Run Average Storage12 Month Storage
0
1
2
3
4
5
6
OctNovDecJanFebMarAprMayJunJulAugSept
TONGARIRO GENERATION (GWH/DAY)
20 Year Average7 Day Rolling Average

$50
$100
$150
$200
$250
$300
$350
Dec-23Mar-24Jun-24Sept-24Dec-24Mar-25Jun-25Sept-25Dec-25Mar-26Jun-26Sept-26
OTA ASX FUTURES SPOT PRICING ($/MWH)
1-Year Contract2-Year Contract3-Year Contract
APPENDIX: WHOLESALE SEGMENT
Genesis Energy FY27 Q1 Results
12
0%
20%
40%
60%
80%
100%
$0
$50
$100
$150
$200
$250
Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
FY23FY24FY25FY26FY27
PORTFOLIO & THERMAL FUEL COSTS
Thermal Fuel Cost ($/MWh)Portfolio Fuel Cost ($/MWh)
Renewable Contribution to Total Generation (%)
0
200
400
600
800
1000
Jan-24Apr-24Jul-24Oct-24Jan-25Apr-25Jul-25Oct-25Jan-26Apr-26Jul-26
OTA AVERAGE SPOT PRICE ($/MWH)
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
500
1,000
1,500
2,000
2,500
Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
FY23FY24FY25FY26FY27
GENERATION PORTFOLIO (GWH)
North Island HydroSouth Island HydroHaunui WindPPAs
Huntly Unit 5Huntly Units 1 to 4 GasHuntly Units 1 to 4 CoalHuntly Unit 6

APPENDIX: KUPE SEGMENT
Genesis Energy FY27 Q1 Results
13
0.0
2.0
4.0
6.0
8.0
10.0
12.0
0.0
0.5
1.0
1.5
2.0
2.5
Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
FY23FY24FY25FY26FY27
KUPE GAS SALES VOLUME (GENESIS SHARE, PJ)
Quarterly Sales VolumeRolling 12 Months Sales Volume (RHS)
0
50
100
150
200
250
300
0
20
40
60
80
100
120
Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1
FY23FY24FY25FY26FY27
KUPE OIL PRODUCTION VOLUME (GENESIS SHARE, KBBL)
Quarterly Production VolumeRolling 12 Month Production Volume (RHS)
$40
$60
$80
$100
$120
$140
OctNovDecJanFebMarAprMayJunJulAugSept
BRENT CRUDE OIL SPOT PRICE (USD/BBL)
12 Months to Sep 2512 Months to Sep 26
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: PERFORMANCE
Genesis Energy FY27 Q1 Results
14
ELECTRICITY
Retail Resi ElectricitySales of electricity to residential customers
Retail SME ElectricitySales of electricity to small business customers
Retail C&I ElectricitySales of electricity to commercial and industrial customers
Ecotricity ElectricitySales of electricity to Ecotricity customers
Wholesale Electricity SalesSale of generated electricity and residential rooftop solar onto the spot market, excluding PPA settlements and ancillary revenue
Total Derivative SettlementsNet settlement of electricity derivatives including PPAs, hedges, options, market making obligations and discretionary trading
Generation Costs - Total Direct generation costs, inclusive of fuels and carbon
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
POWER PURCHASE AGREEMENTS (PPA)
Electricity (GWh)Energy purchased through long term agreements with generator
Average Price Received for Generation - GWAP
($/MWh)
Price received at production node
GAS
Retail Resi GasSales of gas to residential customers
Retail SME GasSales of gas to small business customers
Retail C&I GasSales of gas to commercial and industrial customers
Wholesale SalesSales of gas to wholesale customers
Cost of GasPurchase 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
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
Genesis Energy FY27 Q1 Results
15
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.
WHOLESALE
Electricity CFD 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 CFD Purchase Price – Wholesale ($/MWh)Average price paid for Electricity Financial Contract Purchases – Wholesale
Electricity CFD Sales – Wholesale (GWh)
Settlement volumes of generation hedge sales, including exchange traded and OTC contracts. Excludes PPAs, active trading, Financial Transmissions Rights (FTRs) and
Cap/Collar/Floor contracts
Electricity CFD Sale Price – Wholesale ($/MWh)Average price paid for Electricity Financial Contract Sales – Wholesale
Generation Emissions Carbon emissions due to coal and gas electricity generation
Generation Carbon Intensity (tCO
2
/GWh)Carbon emissions (tCO
2
) produced per unit of total electricity generated (GWh)
Rankine OutputElectricity generated in the Huntly Rankine units
Rankines Fuelled by Coal (%)The proportion of coal used in the Rankine units
Total Gas Purchases (PJ)Total gas purchases
Total Coal Purchases (PJ)Coal purchases have been converted from tonnes to PJ using the shipments’ Calorific Value
Gas Used In Internal Generation (PJ)Gas consumed in electricity generation
Weighted Average Gas Burn Cost ($/GJ)Total cost of gas burnt divided by generation from gas fired generation, excluding emissions
Coal Used In Internal Generation (PJ)Results may be revised to reflect changes in coal kilo tonnes to PJ conversion rate and volume methodology.
Weighted Average Coal Burn Cost ($/GJ)Total cost of coal burnt divided by generation from coal fired generation, excluding emissions
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.
CORPORATE
Total Recordable Injuries12-month rolling Total Recordable Injuries including Lost Time Injuries, Restrictive Work Injuries and Medical Treatment Injuries
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.
Core FTETotal number of full-time equivalent employees, excluding employees working on time-bound digital projects.
Digital FTETotal number of full-time equivalent employees working on time-bound digital projects, based on hours worked.
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.)The underlying benchmark crude oil price that is used to set the price for crude oil sales
LPG Production Yield (T/TJ)Tonnes of LPG produced relative to each TJ of gas produced
LPG Production Production of LPG

GLOSSARY: OPERATIONAL METRICS
Genesis Energy FY27 Q1 Results
16
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
Brand Net Promoter Score – Genesis EnergyBased on survey question “How likely would you be to recommend Genesis to your friends or family?” Calculated on 3 month rolling basis.
Interaction Net Promoter Score - Genesis
Based on survey question “Based on your recent interaction with Genesis, how likely would you be to recommend Genesis to your family/friends?” Calculated on 3
month rolling basis.
Customers
Electricity and gas and LPG customers are defined by single customer view, regardless of number of connections (ICP’s)
ICP
Installation Connection Point, a connection point that is both occupied and has not been disconnected (Active-Occupied)
Gross Customer Churn
Defined as residential customers instigating a trader switch or home move
Net Customer ChurnDefined as percentage of residential customers that finalise in a period.
Resi, SME, C&IResidential, small and medium enterprises and commercial & industrial customers
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)

Contact
Michael Hunter
General Manager
Investor Relations & Corporate Valuation
+64 21 073 1603
NGĀ MIHI
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