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How Genesis Energy Limited makes money — FY2025
Revenue $3.7b · EBITDA $454.0m (12.4% of revenue) · Net profit $169.1m (4.6% of revenue) · Balance date 30 June 2025
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2025 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $3.7b | Reported | |
| Operating costs (net of other income) | −$3.2b | Derived * | |
| EBITDA | $454.0m | Reported | |
| Depreciation & amortisation | −$239.0m | Reported | |
| EBIT | $215.0m | Derived * | Reported EBIT $304.3m does not reconcile to EBITDA − D&A. |
| Interest (net finance costs) | −$79.2m | Reported | |
| Income tax | −$58.8m | Reported | |
| Other items (net gain) | +$92.1m | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $169.1m | Reported |
- * ebit: $215.0m = EBITDA − D&A (reported EBIT $304.3m differs; the gap falls into Other items)
- * operating costs: $3.2b = Revenue − EBITDA
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: Genesis Energy Limited Annual Report (PDF, NZX)
Genesis Energy Limited board of directors
8 current directors, average tenure 4.5 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Barbara Joan Chapman | Chair | Yes | 2018 | 8.1 yrs | — |
| Malcolm Johns | Executive Director | No | 2023 | 3.7 yrs | — |
| Warwick Hunt | Independent Director | Yes | 2022 | 4.1 yrs | — |
| David Baldwin | Independent Director | Yes | 2025 | 1.1 yrs | — |
| Timothy Miles | Independent Director | Yes | 2019 | 7.2 yrs | — |
| James Moulder | Independent Director | Yes | 2019 | 7.2 yrs | — |
| Simon Mackenzie | Director | Not recorded | 2026 | 0.3 yrs | — |
| Hinerangi Raumati-Tu'ua | Independent Director | Yes | 2022 | 4.7 yrs | — |
GNE governance score breakdown
Genesis Energy Limited scores 83/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 21/25
- Shareholder rights
- 20/20
- Executive remuneration
- 5.5/10
GNE dividends
The most recent Genesis Energy Limited dividend on record is 7.58 cents per share, for FY2026 (final), 100% imputed, ex-dividend 23 Sept 2026, paid 9 Oct 2026.
Genesis Energy Limited largest shareholders
Top 10 registered holders of GNE as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | The sovereign in right of New Zealand acting by and through his minister of finance and minister for SOEs | 51.23% |
| 2 | Custodial Services Limited | 3.44% |
| 3 | Forsyth Barr Custodians Limited | 2.85% |
| 4 | JBWere (NZ) Nominees Limited | 1.86% |
| 5 | New Zealand Depository Nominee Limited | 1.86% |
| 6 | BNP Paribas Nominees (NZ) Limited | 1.82% |
| 7 | FNZ Custodians Limited | 1.69% |
| 8 | Citibank Nominees (New Zealand) Limited | 1.27% |
| 9 | JP Morgan Chase Bank NA NZ Branch-Segregated Clients Acct | 1.19% |
| 10 | HSBC Nominees (New Zealand) Limited | 0.91% |
GNE government contracts
Genesis Energy Limited has been named as an awarded supplier on 5 New Zealand government contracts published on GETS, most recently on 1 Dec 2022. 1 of them discloses an award value, totalling $6.0M. 1 was shared with other suppliers, and a shared contract is published with its full value.
Most frequent of 5 agencies: University of Auckland, Hastings District Council, Ministry of Business, Innovation and Employment.
| Awarded | Agency | Contract | Value |
|---|---|---|---|
| 1 Dec 2022 | University of Auckland | RFP C22-009 Gas Supply and Purchase - University of Auckland | $6.0M |
| 1 Aug 2022 | Ministry of Business, Innovation and Employment | Request for Proposals - All-of-Government Electricity (Generation Two)(shared) | not disclosed |
| 10 May 2021 | University of Waikato | University of Waikato Electricity Supply | not disclosed |
| 31 Mar 2020 | Hastings District Council | Request for Proposal for Electricity Supply (Consortium of Hawke's Bay Councils) | not disclosed |
| 26 Jul 2019 | Whangarei District Council | Electricity Supply | not disclosed |
Full government procurement analysis on PublicData · All NZX companies with government contracts
Source: MBIE GETS Open Data. An award of $0 or blank is treated as undisclosed.
Recent GNE NZX announcements
The 10 most recent filings by Genesis Energy Limited to the NZX.
- Changes to Genesis Executive StructureGeneral
- Results of 2026 Annual Shareholder MeetingAGM
- FY27 Q1 Performance ReportQuarterly Update
- 2026 Annual Shareholder MeetingAGM
- D&O Ongoing Disclosure NoticeInsider Disclosure
- D&O Ongoing Disclosure Notices - DRPInsider Disclosure
- Capital Change Notice - DRPCapital Change
- D&O Ongoing Disclosure Notices - MultipleInsider Disclosure
- Dividend Reinvestment Plan Strike PriceDividend
- Capital Change Notice - FY27 PSR Plan - IssueCapital Change
Genesis Energy Limited (GNE) — frequently asked questions
What does Genesis Energy Limited do?
Genesis Energy Limited is one of New Zealand's largest energy companies, generating and retailing electricity and gas to residential, commercial, and industrial customers nationwide. The company operates a diverse generation portfolio including the Huntly Power Station (thermal), Tongariro Power Scheme (hydro), Tekapo hydro stations, and the Waipipi Wind Farm. Genesis serves over 500,000 customer connections through its retail brands Genesis and Frank Energy. As a mixed-ownership model company, the New Zealand Government retains a 51% shareholding with the remainder publicly traded on the NZX and ASX. Genesis plays a critical role in New Zealand's electricity system, providing baseload generation and system security services. Genesis Energy Limited is listed on the NZX under the ticker GNE, in the Utilities sector.
What is the Genesis Energy Limited (GNE) share price?
Genesis Energy Limited (NZX:GNE) shares closed at $2.39 on 13 November 2026, down 0.83% on the previous close. At that price its market capitalisation was about $3.13 billion, based on 1,308,868,024 shares on issue as at 26 February 2026.
Who are the directors of Genesis Energy Limited?
Genesis Energy Limited has 8 current directors: Barbara Joan Chapman (Chair), Malcolm Johns (Executive Director), Warwick Hunt (Independent Director), David Baldwin (Independent Director), Timothy Miles (Independent Director), James Moulder (Independent Director), Simon Mackenzie (Director) and Hinerangi Raumati-Tu'ua (Independent Director). Average board tenure is 4.5 years.
Who is the chair of Genesis Energy Limited?
Barbara Joan Chapman chairs the Genesis Energy Limited board, and has been a director since 2018.
Who is the CEO of Genesis Energy Limited?
Malcolm Johns is the Chief Executive of Genesis Energy Limited.
What was Genesis Energy Limited's most recent dividend?
The most recent Genesis Energy Limited dividend on record is 7.58 cents per share for FY2026 (final), 100% imputed, ex-dividend 23 September 2026, paid 9 October 2026.
What is Genesis Energy Limited's dividend yield?
Genesis Energy Limited's trailing 12-month dividend yield is 6.23%, as at 13 November 2026. That is 14.88 cents per share of ordinary dividends with an ex-date in the 12 months to 13 November 2026, divided by the 13 November 2026 closing price of $2.39. Special dividends are excluded.
Who are the largest shareholders of Genesis Energy Limited?
The largest registered holder of GNE shares in the FY2025 top-20 register was The sovereign in right of New Zealand acting by and through his minister of finance and minister for SOEs, with 51.23%, followed by Custodial Services Limited (3.44%) and Forsyth Barr Custodians Limited (2.85%). Custodians and nominees on the register hold shares on behalf of other investors.
What is Genesis Energy Limited's governance score?
Genesis Energy Limited has an NZXplorer Governance Risk Score of 83/100 (Excellent) for FY2026, based on 73% data coverage.
When was the last Genesis Energy Limited annual meeting?
The most recent Genesis Energy Limited annual meeting on record was held on 20 October 2026.
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