https://www.nzx.com/announcements/421486

Highlights
• EBITDAF from continuing operations ($78m) and underlying earnings ($39m) up 11% and 13% respectively;
• Profit from continuing operations up 38%;
• Profit after tax down 86% after last year’s one-off gain from the sale of the Trustpower retail business of $349m;
• Generation volumes up 14% to meet market demand ahead of planned outage at Waipori;
• Landholder agreements or options in place for more than 950MW of new solar and wind projects;
• Pipeline of new development projects includes Kaihiku Wind Farm (announced Oct 2023), Ototoka Wind Farm (new), Hapuakohe Wind Farm (new), and expansion of Argyle Solar Farm (announced May 2023);
• Good progress with refurbishment and replacement programme across key hydro assets, set to deliver an ongoing annual uplift of more than 78GWh by 2028;
• New sustainable finance framework established, Green Bonds now comprise more than 80% of the company’s debt;
• Interim dividend of 8.0 cents per share to be paid on 1 December 2023, up from 7.5 cents last year.