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Held by NZ managed funds
Sub-substantial fund positions — invisible in NZX SSH data, visible here. Sourced from each fund's Quarterly Fund Update on the FMA Disclose register.
| Fund | % of fund NAV |
|---|---|
| Harbour — Sustainable NZ Shares | 5.69% |
| Harbour — NZ Index Shares | 4.99% |
| Mercer — NZ Shares Passive | 3.27% |
How Mercury NZ Limited makes money — FY2025
Revenue $3.5b · EBITDA $786.0m (22.5% of revenue) · Net profit $1.0m (0.0% of revenue)
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 | $3.5b | Reported | |
| Operating costs (net of other income) | −$2.7b | Derived * | Reported operating expenses $2,917m do not reconcile; not used. |
| EBITDA | $786.0m | Reported | |
| Depreciation & amortisation | −$357.0m | Reported | |
| EBIT | $429.0m | Reported | |
| Interest (net finance costs) | −$121.0m | Reported | |
| Income tax | — | Not reported | Recorded as $0 against a pre-tax profit, which is unlikely to be a nil charge; treated as not reported and included in the balancing item. |
| Tax and other items (net cost) | −$307.0m | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $1.0m | Reported |
- * operating costs: $2.7b = 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.
Mercury NZ Limited board of directors
8 current directors, 100% independent, average tenure 2.8 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Scott St John | Chair | Yes | 2024 | 2.9 yrs | Nomination Committee |
| Mark Binns | Independent Director | Yes | 2023 | 3.2 yrs | — |
| Rob Hamilton | Independent Director | Yes | 2025 | 1.6 yrs | Audit & Risk Committee (Chair) |
| Adrian Littlewood | Independent Director | Yes | 2023 | 3.3 yrs | — |
| Rachel Taulelei | Independent Director | Yes | 2025 | 1.3 yrs | — |
| Scott Scoullar | Independent Director | Yes | 2026 | 0.2 yrs | — |
| Hannah Hamling | Independent Director | Yes | 2020 | 6.1 yrs | Risk Committee (Chair) |
| Susan Peterson | Independent Director | Yes | 2022 | 4.2 yrs | — |
MCY governance score breakdown
Mercury NZ Limited scores 88/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 70% data coverage. See the GRS methodology.
- Board structure
- 23/25
- Shareholder rights
- 20/20
- Executive remuneration
- 6.5/10
MCY dividends
The most recent Mercury NZ Limited dividend on record is 17.00 cents per share, for FY2026 (final), 100% imputed, ex-dividend 2 Sept 2026, paid 30 Sept 2026.
Mercury NZ Limited largest shareholders
Top 1 registered holders of MCY as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | Top 20 largest shareholders combined | 86.53% |
MCY government contracts
Mercury NZ Limited has been named as an awarded supplier on 3 New Zealand government contracts published on GETS, most recently on 1 May 2023. 1 of them discloses an award value, totalling $1.1M. 1 was shared with other suppliers, and a shared contract is published with its full value.
Most frequent of 3 agencies: Kāinga Ora – Homes and Communities, Ministry of Business, Innovation and Employment, University of Auckland.
| Awarded | Agency | Contract | Value |
|---|---|---|---|
| 1 May 2023 | Kāinga Ora – Homes and Communities | Winter Energy Study | $1.1M |
| 1 Aug 2022 | Ministry of Business, Innovation and Employment | Request for Proposals - All-of-Government Electricity (Generation Two)(shared) | not disclosed |
| 29 Sept 2021 | University of Auckland | RFP C21- 008 TOU Electricity Supply and Purchase - University of Auckland | 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 MCY NZX announcements
The 10 most recent filings by Mercury NZ Limited to the NZX.
- Ongoing Disclosure NoticeInsider Disclosure
- Quarterly Operational UpdateQuarterly Update
- Employee Share Scheme - Financial Assistance NoticeGeneral
- Ongoing Dislcosure NoticeInsider/Shareholder Notice
- Ongoing Disclosure NoticeInsider Disclosure
- Capital Change Notice relating to DRPCapital Change
- Amended Capital Change Notice relating to DRPCapital Change
- ASX Disclosure - DRP Capital ChangesCapital Change
- Ongoing Disclosure NoticeInsider Disclosure
- NZD/AUD FX rate for FY2026 final dividendListing Change
Mercury NZ Limited (MCY) — frequently asked questions
What does Mercury NZ Limited do?
Mercury is New Zealand's largest renewable electricity generator, operating 100% renewable hydro, geothermal, and wind assets totaling over 2,600 MW generation capacity, and retailing electricity to approximately 360,000 customers. Mercury NZ Limited is listed on the NZX under the ticker MCY, in the Utilities sector.
What is the Mercury NZ Limited (MCY) share price?
Mercury NZ Limited (NZX:MCY) shares closed at $6.64 on 11 November 2026, down 0.30% on the previous close. At that price its market capitalisation was about $9.54 billion, based on 1,436,932,703 shares on issue.
Who are the directors of Mercury NZ Limited?
Mercury NZ Limited has 8 current directors: Scott St John (Chair), Mark Binns (Independent Director), Rob Hamilton (Independent Director), Adrian Littlewood (Independent Director), Rachel Taulelei (Independent Director), Scott Scoullar (Independent Director), Hannah Hamling (Independent Director) and Susan Peterson (Independent Director). 8 of the 8 are recorded as independent (100%). Average board tenure is 2.8 years.
Who is the chair of Mercury NZ Limited?
Scott St John chairs the Mercury NZ Limited board, and has been a director since 2024.
Who is the CEO of Mercury NZ Limited?
Stewart Hamilton is the Chief Executive of Mercury NZ Limited.
What was Mercury NZ Limited's most recent dividend?
The most recent Mercury NZ Limited dividend on record is 17.00 cents per share for FY2026 (final), 100% imputed, ex-dividend 2 September 2026, paid 30 September 2026.
What is Mercury NZ Limited's dividend yield?
Mercury NZ Limited's trailing 12-month dividend yield is 4.07%, as at 11 November 2026. That is 27.00 cents per share of ordinary dividends with an ex-date in the 12 months to 12 November 2026, divided by the 11 November 2026 closing price of $6.64. Special dividends are excluded.
Who are the largest shareholders of Mercury NZ Limited?
The largest registered holder of MCY shares in the FY2025 top-20 register was Top 20 largest shareholders combined, with 86.53%.
What is Mercury NZ Limited's governance score?
Mercury NZ Limited has an NZXplorer Governance Risk Score of 88/100 (Excellent) for FY2026, based on 70% data coverage.
When was the last Mercury NZ Limited annual meeting?
The most recent Mercury NZ Limited annual meeting on record was held on 18 September 2026.
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