FilingReader Intelligence

Contact Energy reports NZ$331m profit, expands renewable capacity

August 17, 2025 at 08:39 PM UTC•By FilingReader AI

Contact Energy reported net profit of NZ$331 million and EBITDAF of NZ$872 million for FY25, driven by a 34% uplift in geothermal generation.

The company extended its partnership with NZ Steel, securing an 11-year, 50MW electricity supply agreement from December 2025 and a 35-year land option for a battery site, expanding total consented capacity to 500MW.

Construction is underway on the 100MW Glenbrook-Ohurua battery storage system, 168MWp solar farm, and 101MW Te Mihi Stage 2 geothermal plant.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com