VCT stock reports 20 percent EBITDA growth after FY2026 results

Published on 09/28/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VCT stock traded at NZD 4.77 on September 28, 2026, up 0.85 percent. FY2027 adjusted EBITDA guidance is NZD 540 million to NZD 560 million, while the FY2026 dividend reached NZD 0.26 per share.

VCT, NZVCTE0001S7, Illustration mit AI erstellt.

Vector Limited (ISIN NZVCTE0001S7) stock was last at NZD 4.77 on the NZX on September 28, 2026 at 4:59 p.m. NZDT, up 0.85 percent from the prior close of NZD 4.73. The immediate company catalyst is the FY2026 result, which showed adjusted EBITDA rising 20 percent to NZD 482 million.

FY2026 earnings set the tone

According to the Yahoo Finance transcript dated August 18, 2026, revenue from continuing operations increased 12 percent to more than NZD 1.0 billion for the year ended June 30, 2026. Net profit after tax rose 55 percent to NZD 240 million, supported by the higher electricity distribution revenue allowance and the absence of a gas impairment recorded in FY2025.

The earnings mix matters. Electricity adjusted EBITDA increased 25 percent to NZD 440 million in FY2026, while gas distribution adjusted EBITDA remained at NZD 47 million, according to the same Yahoo Finance transcript.

Guidance points to heavier investment

Vector's FY2027 adjusted EBITDA guidance is NZD 540 million to NZD 560 million, compared with NZD 482 million in FY2026. Gross capital expenditure is guided at NZD 605 million to NZD 635 million, versus NZD 544 million in FY2026, according to Quartr in its September 24, 2026 AGM summary.

That investment profile is the central counter-factor to the earnings growth. Vector declared a FY2026 dividend of NZD 0.26 per share, but management also indicated that capital needs support a conservative payout approach, according to Yahoo Finance.

VCT stock stays below its yearly high

The NZD 4.77 reference price stands within the 52-week range of NZD 4.40 to NZD 5.30, leaving the shares NZD 0.53 below the yearly high. Trading volume was 87,468 shares on September 28, 2026, while market capitalization was NZD 4.8 billion.

Analyst expectations add a measured valuation checkpoint. Investing.com lists a Neutral consensus from four analysts and an average 12-month price target of NZD 5.14, compared with the NZD 4.77 market price on September 28, 2026.

Investment spending shapes the outlook

Vector Limited stock was last at NZD 4.77 on the NZX on September 28, 2026 at 4:59 p.m. NZDT. The combination of 20 percent FY2026 adjusted EBITDA growth and FY2027 gross CapEx guidance of NZD 605 million to NZD 635 million places network investment alongside earnings as the key valuation issue.