Less shrug, more surge
Mercury (MCY.AX) said it’s raising its fiscal 2026 EBITDAF guidance to NZ$1.05 billion, up from NZ$1.0 billion. Not a tiny tweak, either — that’s a pretty friendly nudge higher for a utility-style business where “steady” is usually the whole brand.
Why the forecast got better
The company pointed to two main ingredients in the upgrade:
- disciplined portfolio management
- higher expected renewable generation from hydro and new generation assets
In plain English: the weather-and-assets combo is looking more cooperative than before, and Mercury thinks it can squeeze more value out of its power mix.
Why investors should care
For a company like Mercury, guidance changes are the main event. You’re not watching for flashy product launches or viral marketing moments — you’re watching whether the lights stay on and the margins hold up. A higher EBITDAF outlook suggests the business sees a cleaner run rate ahead, which can support sentiment even in a sleepy sector.
Big picture
This is the kind of update that doesn’t try to be sexy, but still matters. In utility land, a better outlook is basically the equivalent of finding an extra $20 in your winter coat: small thrill, real value.