Contact Energy stock trades at NZD 8.52 after FY2026 growth

Published on 10/07/2026 at 04:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Contact Energy stock was last at NZD 8.52 on October 7, 2026, while FY2026 net profit reached NZD 423 million. Five analysts rate the stock Buy.

CEN, NZCENE0001S6, Illustration mit AI erstellt.

Contact Energy stock (ISIN NZCENE0001S6) was last at NZD 8.52 on the NZX on October 7, 2026, down 0.35 percent from the prior close. The New Zealand utility combines a current market capitalization of NZD 9.1 billion with FY2026 net profit of NZD 423 million, giving investors both a market signal and a recent earnings benchmark.

FY2026 earnings reset the scale

According to Kapitales Research on September 11, 2026, Contact reported FY2026 net profit of NZD 423 million and EBITDAF of NZD 1.011 billion for the year ended June 30, 2026. The result reflected the integration of Manawa Energy and higher renewable generation.

The earnings mix matters because Contact also generated operating free cash flow of NZD 648 million in FY2026, up 49 percent from the prior year, according to Kapitales Research. That comparison gives the profit headline a cash-generation counterpart rather than leaving the investment case dependent on net income alone.

August data show operating leverage

Contact's August 2026 operating report showed mass-market electricity and gas sales of 550 GWh, compared with 454 GWh in August 2025. Retail gas sales reached 167 GWh versus 74 GWh a year earlier, while unit generation cost fell to NZD 40.90 per MWh from NZD 57.52 per MWh, according to Colitco on October 6, 2026.

Customer scale moved in the same direction. Total connections reached 712,000 in August 2026, up from 655,000 a year earlier, while hydro generation rose to 539 GWh from 464 GWh, the report said. These figures point to a larger customer base and a less costly generation mix, although power prices and hydro conditions remain important operating variables.

Analysts see room above NZD 8.52

Investing.com lists a Buy consensus from 5 analysts, with 3 Buy ratings, 2 Hold ratings and no Sell ratings. Its average 12-month price target is NZD 10.39, which lies 21.95 percent above the October 7 price of NZD 8.52.

The market is therefore balancing recent earnings growth against execution demands from Contact's renewable pipeline. The share traded between NZD 8.50 and NZD 8.59 during the October 7 session, while its 52-week range stood at NZD 8.43 to NZD 9.99.

Contact Energy stock stays below yearly high

Contact Energy stock was last at NZD 8.52 on the NZX at 2:40 p.m. NZDT on October 7, 2026, with 179,516 shares traded. The price was 14.71 percent below the 52-week high of NZD 9.99.