Contact Energy (CEN) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed shareholders, introduced board members, and confirmed the meeting was duly constituted and open for business.

• Outlined the agenda, including addresses from the Chair and CEO, followed by three resolutions to be decided by poll.

• Provided instructions for participation, questions, and voting for both in-person and online attendees.

Financial performance review

• EBITDA reached $774 million, up 17% year-on-year; underlying profit after tax was $261 million.

• Adjusted EBITDA, excluding one-off costs, was $792 million.

• Strong performance attributed to investment in new geothermal capacity and resilient risk management amid volatile market conditions.

• Annual dividend increased to $0.39 per share, up 5% from the previous year.

Board and executive committee updates

• Elena Trout stepped down after nine years of service; Deion Campbell, former Manawa Energy Chair, nominated for election as director.

• New Chief Retail Officer Carolyn Lui and CFO Matthew Forbes welcomed to the leadership team.