Meridian Energy Limited (MEL)

NZX-listed Utilities company — share price, dividends, financials, board of directors and governance score.

Meridian Energy Limited (NZX:MEL) last traded at $5.46 on 25 Sept 2026, a market capitalisation of $14.57B NZD, a board of 10 directors chaired by Mark John Verbiest and a Governance Risk Score of 75/100.

Meridian Energy is New Zealand's largest electricity generator and fourth-largest retailer, operating 100% renewable generation from hydro and wind sources with total capacity exceeding 2,800 MW.

Share price
$5.46-1.80%
Market cap
$14.57BNZD
P/E ratio
67.0
Dividend yield
1.10%
Governance score
75/100Very Good
Board size
1050% independent
Last dividend
22.50cFY2026

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Meridian Energy Limited board of directors

10 current directors, 50% independent, average tenure 6.3 years.

DirectorRoleIndependentAppointedTenureCommittees
Mark John VerbiestChairYes20179.6 yrs—
Julia HoareIndependent DirectorNo20197.0 yrs—
Benjamin BatemanIndependent DirectorNo20233.6 yrs—
Meg MatthewsIndependent DirectorNo———
Tania Joy Te Rangingangana SimpsonIndependent DirectorYes20215.2 yrs—
Kylie ReiriIndependent DirectorNo20250.9 yrs—
Mary DevineIndependent DirectorYes201016.4 yrs—
Graham CockroftIndependent DirectorYes20224.2 yrs—
David CarterIndependent DirectorNo20233.2 yrs—
Nagaja SanatkumarIndependent DirectorYes20196.7 yrs—

MEL governance score breakdown

Meridian Energy Limited scores 75/100 (Very Good) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.

Board structure
18/25
Shareholder rights
20/20
Executive remuneration
3/10

MEL dividends

The most recent Meridian Energy Limited dividend on record is 22.50 cents per share, for FY2026 (annual).

Meridian Energy Limited largest shareholders

Top 10 registered holders of MEL as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.

#HolderHolding
1THE SOVEREIGN IN RIGHT OF NEW ZEALAND ACTING BY AND THROUGH THEIR MINISTER OF FINANCE AND MINISTER FOR STATE OWNED ENTERPRISES0.51%
2HSBC NOMINEES (NEW ZEALAND) LIMITED – NZCSD0.06%
3HSBC NOMINEES (NEW ZEALAND) LIMITED A/C STATE STREET –NZCSD0.05%
4JP MORGAN CHASE BANK NA NZ BRANCH–SEGREGATED CLIENTS ACCT – NZCSD0.04%
5CUSTODIAL SERVICES LIMITED0.03%
6BNP PARIBAS NOMINEES (NZ) LIMITED – NZCSD0.03%
7CITIBANK NOMINEES (NEW ZEALAND) LIMITED – NZCSD0.03%
8ACCIDENT COMPENSATION CORPORATION – NZCSD0.02%
9HSBC NOMINEES A/C NZ SUPERANNUATION FUND NOMINEES LIMITED – NZCSD0.01%
10TEA CUSTODIANS LIMITED CLIENT PROPERTY TRUST ACCOUNT – NZCSD0.01%

Recent MEL NZX announcements

The 10 most recent filings by Meridian Energy Limited to the NZX.

Utilities companies on the NZX

Compare Meridian Energy Limited with other NZX-listed utilities companies.

All NZX Utilities companies · All 131 NZX-listed companies