HY26 · Released 23 February 2026
Normalised EBITDAF up 38% despite revenue falling 12.9%
Genesis Energy's margin expansion drove PBT up 44% even as energy revenue shrank, but a sharp inventory build and negative free cash flow...
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GNE · NZX
Genesis Energy
UtilitiesCovered: HY261 published briefing
Genesis Energy is an NZX-listed utilities company covered by Annolyse across HY26. This page brings together the latest briefing, the current metrics snapshot, and the published history to date in one place.
Table of Contents
Snapshot
Latest metrics
HY26, released 23 February 2026
| Metric | Value |
|---|---|
| Revenue | $1533.6m |
| Operating profit | $170.9m |
| NPAT | $95.1m |
| Operating cash flow | $264.0m |
| OCF / Operating profit % | 86.0% |
| Net debt | $1393.7m |
| Net debt / Operating profit | 4.50x |
| ROE % | 6.3% |
| DPS | 7.3c |
| Payout ratio vs NPAT % | 84.5% |
Longitudinal view
Performance over time
Current-period values from each published briefing, with the most recent reporting period shown first.
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| Metric | HY266 MONTHS23 February 2026 |
|---|---|
| Revenue | $1533.6m |
| Revenue growth % | -12.9% |
| Operating profit | $170.9m |
| Operating profit margin % | 11.1% |
| PBT | $135.2m |
| PBT growth % | 44.3% |
| NPAT | $95.1m |
| NPAT growth % | 35.3% |
| Operating cash flow | $264.0m |
| OCF / Operating profit % | 86.0% |
| FCF pre-lease | -$183.0m |
| FCF post-lease | -$183.0m |
| DPS | 7.3c |
| Payout ratio vs NPAT % | 84.5% |
| ROE % | 6.3% |
| Net debt | $1393.7m |
| Net debt / Operating profit | 4.50x |
| Debtor days | 29 |
| Inventory days | 38 |
| Total assets | $6289.3m |
Source: annolyse.ai/companies/gne
Accountability
What changed versus the prior briefing
Read the prior briefing's expectations and unresolved questions alongside the subsequent result, without forcing long-form editorial text into narrow cards.
Expectations tracker
Once a second briefing exists for this company, this section will compare the previous briefing's expectations and unresolved issues with what actually happened in the next result.
Archive
Briefing archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
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