Vector ( (NZ:VCT) ) has shared an update.
Vector Limited reported a strong financial performance for the year to 30 June 2026, with adjusted EBITDA rising to $482 million and net profit after tax increasing to $240 million, mainly driven by higher regulated electricity revenues and the absence of prior-year gas impairments. The company lifted gross capital expenditure to a record $544 million, largely in its Auckland electricity network, and declared a full-year dividend of 26 cents per share while maintaining economic net debt of $2.28 billion and gearing at 39 percent.
Looking ahead to FY27, Vector has guided adjusted EBITDA to between $540 million and $560 million and gross capital expenditure to between $605 million and $635 million, underlining a continuing investment push into Auckland’s electricity infrastructure. Management framed this spending within a longer-term programme of around $10 billion over 20 years to support electrification and population growth, positioning Vector to play a leading role in New Zealand’s shift toward electricity meeting a greater share of national energy demand while balancing affordability for customers and stable returns for shareholders.
Mor...