Meridian Energy (MEL)•HY26•Released 25 February 2026Meridian swings to $227m profit as hydrology normalises from HY25 troughEBITDAF nearly doubled to $506m and operating cash flow rose to $336m, but the recovery measures against an abnormally depressed prior half.Published 22 April 2026Read briefing→
Meridian Energy (MEL)•FY25•Released 27 August 2025Energy margin down 23% swings Meridian to a $452m FY25 lossEBITDAF fell 32.5% and net debt/EBITDAF doubled to 2.4x, yet the final dividend was held flat despite free cash flow covering less than half of it.Published 22 April 2026Read briefing→
Meridian Energy (MEL)•HY25•Released 26 February 2025Meridian swings to a $121m loss as EBITDAF drops 42% on hydro and gas shockRevenue rose 7% but a dry-year inflow trough and a gas shortage crushed margin, cash conversion, and pushed leverage to roughly 6x EBITDAF.Published 22 April 2026Read briefing→
Meridian Energy (MEL)•FY24•Released 28 August 2024NPAT quadruples to $429m but underlying profit lifts only 14%EBITDAF growth of 16% is the cleaner operating read; the headline NPAT surge is inflated by non-cash hedge gains flagged by management.Published 22 April 2026Read briefing→
Meridian Energy (MEL)•HY24•Released 28 February 2024Meridian's EBITDAF edged up 4% but net debt climbed to 2.6x on a 69%...Retail and wholesale volumes drove a 38% revenue lift, yet PBT fell 5.7% and leverage weakened as receivables and borrowings both expanded.Published 22 April 2026Read briefing→
Meridian Energy (MEL)•FY23•Released 29 August 2023EBITDAF up 10% but NPAT fell 86% as prior-year Australian sale gain rolled offUnderlying operating performance improved, but reported earnings, free cash flow and dividend cover all weakened against a now-absent disposal gain.Published 21 April 2026Read briefing→
Meridian Energy (MEL)•HY23•Released 1 March 2023PBT up 39% and net debt/EBITDAF halved to 2.2x after Australian exitRevenue fell 8.6% but EBITDAF rose 7.9% on a cleaner continuing portfolio, though the interim dividend still ran ahead of pre-lease free cash flow.Published 21 April 2026Read briefing→