Mercury NZ Ltd - Company Profile
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Mercury NZ Ltd (Mercury) formerly Mighty River Power Ltd, is a renewable energy company that specializes in the generation and retail of electricity, gas, broadband, and mobile services. The company's primary operations involve the generation of electricity from renewable sources, including hydro, geothermal, and wind energy. Mercury offers electricity, gas, broadband, and mobile services to its customers, with a particular focus on residential and small to medium-sized business clients. The company operates under the sub-brand GLOBUG, which is a pre-pay electricity product. Mercury's products and services are primarily used by residential customers, small to medium-sized businesses, and industrial and wholesale market customers. The company's distribution network includes a commercial sales team that services industrial and wholesale market customers. Mercury operates electricity generation sites along the Waikato River, the northern part of the Central Plateau, and in the Manawatu, South Taranaki, Otago, and Southland regions. Mercury NZ Ltd is headquartered in Auckland, New Zealand.
Headquarters
New Zealand
Address
33 Broadway, Newmarket, Auckland, 1023
Website
www.mercury.co.nz
Telephone
64 0275 173470
No of Employees
1,364
Industry
Power
Ticker Symbol & Exchange
MCY (NZE)
Revenue (2024)
$2.1B
2.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-99.7%
(2024 vs 2023)
Market Cap*
$5.8B
Net Profit Margin (2024)
XYZ
-99.7%
(2024 vs 2023)
* As of and is in US$
Mercury NZ Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Electricity | Supporting Services | GloBug |
| Gas | Fiber Broadband | |
| Eero 6 Plus Router | Wireless Broadband | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In April, the company selected ANDRITZ for nine new turbines and 13 new generators for upgrades at the Maraetai I, Atiamuri, and Ohakuri hydro stations in New Zealand. |
| 2026 | Contracts/Agreements | In March, the company entered into a major long-term energy agreement with Datagrid New Zealand to promote its growing artificial intelligence infrastructure. |
| 2025 | Commercial Operation | In September, the company commissioned the third new generator unit at the Karapiro Hyrdo Station. |
Competitor Comparison
| Key Parameters | Mercury NZ Ltd | Meridian Energy Ltd | Genesis Energy Ltd | Contact Energy Ltd | Vector Ltd |
|---|---|---|---|---|---|
| Headquarters | New Zealand | New Zealand | New Zealand | New Zealand | New Zealand |
| City | Auckland | Wellington | Auckland | Wellington | Auckland |
| State/Province | Auckland | Wellington | Auckland | Wellington | - |
| No. of Employees | 1,364 | 984 | 1,278 | 1,249 | 456 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Scott St John | Chairman | Executive Board | 2024 | - |
| Stewart Hamilton | Chief Executive Officer | Senior Management | 2024 | - |
| Richard Hopkins | Chief Financial Officer | Senior Management | 2025 | - |
| Catherine Thompson | Chief Sustainability Officer | Senior Management | 2025 | - |
| Craig Neustroski | Chief Strategy and Transformation Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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