Contact Energy Limited delivered transformative results in the first half of FY 2026, driven by the Manawa acquisition and expanded renewable capacity. The company presented its interim financials on February 15, 2026, highlighting key achievements and announcing a $525 million equity raise.
Manawa Acquisition and Integration Success
Contact Energy completed the acquisition of Manawa on July 11, 2025, integrating its staff and assets seamlessly. Integration efforts yielded more than 80% of the targeted cost synergies within the first six months, measured on a run-rate basis.
Renewable Generation Milestone
Manawa’s hydro assets and renewable power purchase agreements boosted renewable output by 1.3 terawatt hours (TWh) during the period. The new Te Huka 3 geothermal station contributed an additional 0.2 TWh. Overall, generation reached 97% renewable sources, a significant increase from 89% in the first half of FY 2025.
Strong Financial Performance
EBITDAF rose 24% to $500 million, fueled by the Manawa deal and ongoing renewable investments. Profit surged 44% year-over-year, reflecting robust operational gains.
Dividend Declaration
The board approved a dividend of $0.16 per share, underscoring confidence in sustained performance.
Following the results overview, Contact Energy outlined details on its $525 million equity raise before opening the floor for questions.
