5.65
+1.07%
Close of 9 Nov 2026, in NZD
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About Meridian Energy
Its shares trade on NZX under the ticker MEL.NZ. It has been listed since 29 October 2013. In the fiscal year to 30 June 2026, it reported revenue of NZD 3.13bn and net income of NZD 105.5m. At that date it held total assets of NZD 13.91bn and shareholders' equity of NZD 8.08bn.
Meridian Energy Ltd. engages in the generation and distribution of electricity from renewable resources. The firm operates through three segments: Wholesale, Retail and International. The Wholesale segment includes activity associated with its New Zealand generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. The International segment includes activity associated with its generation of electricity and sale into the wholesale electricity market; retailing of electricity through the Powershop brand in Australia, and licensing of the Powershop platform in the United Kingdom. The firm supplies electricity to power homes, businesses and farms.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Utilities
- Industry
- Independent Power and Renewable Electricity Producers
- Listed since
- 29 Oct 2013
- Employees
- 1,017
- Website
- meridianenergy.co.nz ↗
Leadership
Pay as last reported
- Mr. Mark VerbiestNon-Executive Independent Chairman of the BoardNZD 254,500
- Mr. Michael RoanChief Executive Officer
- Ms. Mandy SimpsonChief Financial Officer
- Mr. Jason SteinChief People Officer
- Mr. Bharat RatanpalChief Information Officer
- Mr. Jason WoolleyGeneral Counsel, Company Secretary
- Mr. Rory BlundellGeneral Manager - Strategy and Portfolio
- Ms. Tania PalmerGeneral Manager - Generation
- Ms. Claire ShawGeneral Manager - Corporate Affairs and Sustainability
- Mr. Guy WaiparaGeneral Manager - Development
- Ms. Lisa Jane HannifinChief Customer Officer
- Mr. David CarterNon-Executive Independent DirectorNZD 143,750
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 71
- Environment
- 92
- Social
- 80
- Governance
- 42
- Direct emissions (scope 1)
- 1,060 t
- Energy emissions (scope 2)
- 1,313 t
- Value chain emissions (scope 3)
- 112,139 t
- Women in the workforce
- 48.1%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Meridian Energy Ltd possesses several strengths that contribute to its success in the market. Firstly, the company's strong focus on renewable energy sources, such as wind, hydro, and solar, positions it favorably in the era of increasing environmental consciousness. This commitment to sustainable practices allows Meridian Energy Ltd to differentiate itself from competitors and attract environmentally conscious customers. Additionally, the company benefits from a diverse portfolio of energy-generating assets, ensuring a consistent and reliable supply of electricity to customers. The robust infrastructure and extensive network enables Meridian Energy Ltd to serve both residential and commercial clients efficiently.
Weaknesses
- Despite its strengths, Meridian Energy Ltd faces certain weaknesses that it needs to address to maintain its competitive edge. One of the main challenges is dependence on weather conditions for renewable energy generation. Fluctuations in weather patterns, such as low wind or reduced rainfall, can significantly impact electricity generation, leading to potential supply shortages. Moreover, as a publicly traded company, Meridian Energy Ltd may be vulnerable to fluctuations in the stock market and investor sentiment, which can impact its financial stability and long-term growth prospects.
Opportunities
- Meridian Energy Ltd has opportunities to expand and diversify its operations in the renewable energy sector. With the growing global focus on reducing carbon emissions and achieving sustainable development goals, the demand for renewable energy sources is expected to increase. The company can capitalize on this trend by investing in research and development of new technologies in clean energy, such as battery storage solutions or advanced solar panels. Additionally, strategic partnerships with other renewable energy companies or government entities can open doors to new markets and enhance Meridian Energy Ltd's market position.
Threats
- Meridian Energy Ltd faces potential threats that could impact its operations and profitability. One of the primary threats is the volatility of energy prices. Fluctuations in wholesale electricity prices due to market forces, regulatory changes, or geopolitical events can affect the company's revenue and profit margins. Additionally, increased competition from other energy providers, both in the renewable and conventional energy sectors, poses a threat to Meridian Energy Ltd's market share. It is essential for the company to continuously innovate and adapt to changing market dynamics to mitigate these threats effectively.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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