FY25 · Released 19 August 2025
Mercury NZ FY25: PBT collapsed despite stable revenue
Revenue rose 2.2%, but the real damage sat below EBITDAF and left the dividend leaning on a non-cash explanation.
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MCY · NZX
Mercury NZ
UtilitiesCovered: FY251 published briefing
Snapshot
Latest metrics
FY25, released 19 August 2025
| Metric | Value |
|---|---|
| Revenue | $3498.0m |
| EBITDAF | $786.0m |
| NPAT | $1000.0m |
| Operating cash flow | $483.0m |
| OCF / EBITDAF % | 61.5% |
| Net debt | $2193.0m |
| Net debt / EBITDAF | 2.80x |
| DPS | 14.4c |
| PBT | $1000.0m |
| FCF pre-lease | $345.0m |
Longitudinal view
Performance over time
Current-period values from each published briefing, with the most recent reporting period shown first.
| Metric | FY2519 August 2025 |
|---|---|
| Revenue | $3498.0m |
| Revenue growth % | 2.2% |
| EBITDAF | $786.0m |
| EBITDAF margin % | 22.5% |
| PBT | $1000.0m |
| PBT growth % | 141.0% |
| NPAT | $1000.0m |
| NPAT growth % | 244.8% |
| Operating cash flow | $483.0m |
| OCF / EBITDAF % | 61.5% |
| FCF pre-lease | $345.0m |
| FCF post-lease | $345.0m |
| DPS | 14.4c |
| Net debt | $2193.0m |
| Net debt / EBITDAF | 2.80x |
| Debtor days | 41 |
| Inventory days | 13 |
| Total assets | $9958.0m |
Timeline
Briefing timeline
Reverse chronological, with each entry linking back to the full briefing.
Accountability
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.
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