Mercury NZ (NZSE:MCY) Full Year 2024 Results

Key Financial Results

Revenue: NZ$3.42b (up 25% from FY 2023). Net income: NZ$290.0m (up 159% from FY 2023). Profit margin: 8.5% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. EPS: NZ$0.21 (up from NZ$0.081 in FY 2023). revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mercury NZ Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 9.9%.

The primary driver behind last 12 months revenue was the Generation/Wholesale segment contributing a total revenue of NZ$2.47b (72% of total revenue). Notably, cost of sales worth NZ$2.70b amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to NZ$350.0m (81% of total expenses). Explore how MCY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to remain flat.

Performance of the market in New Zealand.

The company's shares are down 3.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Mercury NZ has  1 warning sign  we think you should be aware of.

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