Contact Energy stock reports stronger FY2026 earnings after results

Published on 10/04/2026 at 22:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Contact Energy stock reported NZD 423 million of FY2026 net profit at its September 16, 2026 AGM. The October 2 NZX quote was NZD 8.46, 15.3 percent below the yearly high.

CEN, NZCENE0001S6, Illustration mit AI erstellt.

Contact Energy (NZCENE0001S6) was last at NZD 8.46 on the NZX on October 2, 2026 at 4:59 p.m. NZDT, down 1.74 percent from NZD 8.61. The latest company milestone is FY2026 performance, with operating earnings and net profit both higher after the Manawa integration, according to Quartr on September 16, 2026.

FY2026 earnings set the tone

Quartr reported FY2026 EBITDAF of NZD 1,011 million, up 31 percent, and net profit of NZD 423 million. The summary also said renewable generation represented 98 percent of output, compared with 81 percent five years earlier.

The earnings mix matters because the revenue line moved in the opposite direction. Simply Wall St reported FY2026 revenue of NZD 3.24 billion, down 5.7 percent from FY2025, while net income rose 27 percent to NZD 420.0 million and the profit margin increased to 13 percent from 9.6 percent.

Margin growth meets slower revenue

That split leaves Contact Energy with a more profitable but slower top line. The same FY2026 review said earnings per share was NZD 0.41, in line with FY2025, while earnings per share exceeded analyst expectations by 3.1 percent.

For investors, the central operating question is whether renewable output and the enlarged asset base can keep lifting earnings while electricity prices normalize. Contact Energy also said at the AGM that its annual dividend increased 3 percent to NZD 0.40 per share, adding an income component to the earnings story.

Consensus target stays above NZX price

The analyst picture remains constructive but measured. Investing.com Canada lists a Buy consensus from 5 analysts, with 3 Buy ratings and 2 Hold ratings and an average 12-month price target of NZD 10.39.

Against the October 2 price of NZD 8.46, that target lies 22.8 percent above the price. The spread gives the market a clear test: future gains must be supported by earnings conversion rather than revenue growth alone.

Contact Energy stock near yearly low

Contact Energy stock was last at NZD 8.46 on the NZX on October 2, 2026, with a session range of NZD 8.44 to NZD 8.62 and a 52-week range of NZD 8.44 to NZD 9.99. The market capitalization was NZD 9.1 billion and volume reached 1,049,840 shares.