Meridian Energy Limited (MDDNF) Q4 2026 Earnings Call Transcript

SA Transcripts 162.01K Followers Follow Meridian Energy Limited ( MDDNF ) Q4 2026 Earnings Call August 25, 2026 5:30 PM EDT Company Participants Mike Roan - Chief Executive Officer Mandy Simpson - Chief Financial Officer Conference Call Participants Andrew Harvey-Green - Forsyth Barr Group Ltd., Research Division Joshua Dale - Craigs Investment Partners Limited, Research Division Grant Swanepoel - Jarden Limited, Research Division Vignesh Nair - UBS Investment Bank, Research Division Stephen Hudson - Macquarie Research Presentation Mike Roan Chief Executive Officer [Foreign Language], good morning, everyone, and thank you for joining us for Meridian Energy's results announcement for the financial year ended 30 June 2026. I'm Mike Roan, Meridian's Chief Executive; and with me today is our Chief Financial Officer, Mandy Binnie. A year ago, I presented a result that reflected some very challenging market conditions. At the time, I said I remain confident in Meridian's future and in our ability to grow the business, support the economy and deliver value for shareholders. This past year demonstrates why. We delivered a strong financial result. And as importantly, the business is stronger, more resilient and better positioned to create value. The foundations we've put in place give me confidence that Meridian can continue creating value as wholesale prices normalize, business electricity prices fall and electricity price increases for households begin to moderate. Financial outcomes matter because they tell us whether we're creating value, but they're not the entire story. The broader story is the improvement in Meridian's underlying capability, some of the most significant elements of which are captured on this slide. Over the last year, the Meridian team is focused on increasing the flexibility of our generation portfolio, supporting customers and continuing to build and execute a high-quality development pipeline. We increased our hydro storage by 20%, secured a further 35-year consent for the Waitaki Power Scheme, added 30 megawatts of hydro capacity, improved hydro availability, expanded