Meridian plans NZD 510 million upgrade: target stands at NZD 6.26 for Meridian Energy stock

Published on 10/07/2026 at 07:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY26 revenue fell 20.00 percent to NZD 3.88 billion. Meridian Energy stock is covered by five analysts, while profit reached NZD 130.0 million.

Meridian Energy, NZMELE0002S7, Illustration mit AI erstellt.

Meridian Energy plans a NZD 440.0 million to NZD 510.0 million Waitaki hydro upgrade over the next decade, while the average target for Meridian Energy stock stands at NZD 6.26. The project aims to increase capacity and extend the operating life of the 92-year-old hydro station, according to Yahoo Finance on October 3, 2026.

NZD 510 million Waitaki plan

The Waitaki investment is a long-duration infrastructure decision rather than a near-term earnings event. It would support additional generation capacity and extend the life of an asset that has operated for 92 years.

The project also carries execution exposure. The Yahoo Finance analysis identifies escalating project costs as a risk, making the NZD 440.0 million to NZD 510.0 million range central to how investors assess future returns.

FY26 rebound carries a margin test

Meridian's fiscal year ended June 30, 2026, with operating revenue of NZD 3.88 billion, down 20.00 percent from NZD 4.84 billion in fiscal 2025. Net profit after tax reached NZD 130.0 million after a NZD 452.0 million loss in fiscal 2025, according to Simply Wall St.

Operating cash flow rose to NZD 810.0 million from NZD 318.0 million in fiscal 2025, while EBITDAF reached NZD 1,051.0 million. The Globe and Mail reported on September 14, 2026, that total ordinary dividends increased 7.10 percent to NZD 0.2250 per share.

Stock stays below NZD 6.05 high

On the NZX, Meridian Energy stood at NZD 5.42 on October 7, 2026 at 5:00 p.m. NZDT, 10.41 percent below its NZD 6.05 52-week high and above its NZD 5.16 low. The market capitalization was NZD 14.3 billion on the same date.

The company is listed on the NZX under MEL and on the ASX under MEZ, as stated in Meridian Energy. The company also lists October 13, 2026, for publication of operating results in the calendar shown by Marketscreener.

Euro reference remains dated

The last Lang & Schwarz prior close was EUR 2.72 on October 5, 2026. This euro reference is separate from the NZX quotation and from the NZD analyst target.

The further course of trading is shown by the continuously updated real-time quote of Meridian Energy stock.