Manawa Energy Ltd (NZSE:MNW) (FY 2025) Earnings Call Highlights: Navigating Challenges with ...

GuruFocus News

Fri, May 16, 2025, 2:02 PM 4 min read

• EBITDA: Reported EBITDA of $84 million, down 42% from the anterior year.

• Normalized EBITDA: Down 37% from the anterior year.

• Profit After Tax: $300,000, down from $24 cardinal successful the anterior year.

• Bad Debt Expense: $6.8 cardinal owed to a premier vigor lawsuit default.

• Transaction Costs: $7 cardinal related to the Contact Energy strategy of arrangement.

• Fair Value Loss: $30 cardinal connected fiscal instruments.

• Capital Expenditure: Over $52 million, down from the anterior twelvemonth but elevated comparative to long-run levels.

• Net Debt: Increased by $49 cardinal to $501 million.

• Dividend: No last dividend declared; interim dividend of $0.04 paid successful December 2024.

• Energy Margin: Down $48.8 cardinal from the anterior year.

• Operating Costs: Core operating costs $3.1 cardinal little than the anterior year.

• Hydro Inflows: 370 gigawatt hours little than the long-run average.

• Production Volumes: Approximately 320 gigawatt hours, oregon 17% little than average.

• Purchase Wind Volumes: 60 gigawatt hours beneath mean levels.

• Carbon Revenue: Down owed to the merchantability of each remaining c units successful FY24.

• CNI Gross Margin: Up owed to little request during precocious terms periods.

• Other Revenue: Up $2.5 cardinal owed to a beardown irrigation play and security proceeds.

• Total Emissions: 4,100 tons of CO2, accrued owed to higher usage of the Breen Bay diesel peaking plant.

• Warning! GuruFocus has detected 9 Warning Signs with NZSE:MNW.

Release Date: May 15, 2025

For the implicit transcript of the net call, delight notation to the afloat net telephone transcript.

• Manawa Energy Ltd (NZSE:MNW) maintained beardown operational show contempt challenging marketplace conditions, with a absorption connected flexibility and strategical outage management.

• The institution made important advancement connected its large superior plus refurbishment program, enhancing the ratio and capableness of cardinal assets similar Matahina.

• Manawa Energy Ltd (NZSE:MNW) achieved implicit 99% compliance with its assets consents, demonstrating beardown biology stewardship.

• The improvement pipeline is robust, with implicit 4,500 gigawatt hours of secured options and important advancement connected upwind and star projects.

• The institution maintained beardown assemblage engagement and biology initiatives, including palmy food transition improvements and acquisition programs.

• Manawa Energy Ltd (NZSE:MNW) reported a 42% diminution successful EBITDA and a 37% driblet successful normalized EBITDF owed to challenging hydrological conditions and marketplace volatility.

• The institution faced a $6.8 cardinal atrocious indebtedness disbursal from a premier vigor lawsuit default and $7 cardinal successful transaction costs related to the Contact Energy acquisition.

• Profit aft taxation fell importantly to $300,000 from $24 cardinal the erstwhile year, impacted by a $30 cardinal just worth nonaccomplishment connected fiscal instruments.

• Net indebtedness accrued by $49 cardinal to $501 million, attributed to little profits successful FY25.

• The committee decided not to state a last dividend owed to the impending acquisition by Contact Energy and the challenging fiscal results.