Mercury NZ Limited — Cyborg Score 7/10

Strategic Profile

All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.

Cyborg Score Rationale

Mercury NZ commands a significant 15%+ market share of New Zealand's electricity generation with 100% renewable assets providing cost advantages. The company benefits from stable dividend yields (4.70% in 2025) and integrated retail operations. However, competitive retail pricing pressures and New Zealand market concentration limit upside.

Top Insights

• 15%+ market share in NZ electricity generation with four-major-player oligopoly structure
• 100% renewable generation (hydro, geothermal, wind) provides cost leadership advantage
• Integrated retail operations across electricity, gas, broadband and mobile serve ~1.5M customers
• Recent market cap ~NZD 9.17B with dividend yield of 4.70% (2025)

Named Competitors

• Contact Energy — Major NZ electricity generator and retailer
• Genesis Energy — Major NZ power generator and retailer
• Meridian Energy — Major NZ renewable energy generator

Recent Developments

• (February 2026) Trading near NZD 6.47 per share; earnings report scheduled for Feb 24, 2026
• (2025) Achieved dividend yield of 4.70% with improved net income performance
• (2025) Expanded green bond offerings with multiple tranches maturing 2026-2054

Open the full interactive Mercury NZ Limited report

Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.