Vector Ltd said on Friday it expects net profit after tax to rise 55% to NZ$135 million ($79.4 million) for the fiscal year ending June 30, 2026, as demand for electricity and gas services increases.
The New Zealand-based energy infrastructure and utilities provider reported the outlook in an earnings update, which also included a full-year dividend guidance of 16.5 cents per share, unchanged from the previous year. Shares in Vector, listed on the Australian Securities Exchange, rose 1.2% to A$2.53 in early trade.
Vector attributed the profit growth to higher electricity and gas volumes, driven by rising demand and network investment. The company said it would continue to focus on expanding its core energy networks while maintaining financial discipline.
The guidance follows Vector’s full-year results for the year ended June 30, 2024, when the company reported a net profit of NZ$87 million. The firm had previously flagged strong operational performance and stable regulatory conditions as key supports for its outlook.
Analysts noted the profit forecast aligns with broader trends in New Zealand’s energy sector, where utilities are benefiting from increased household and industrial consumption amid economic recovery. Vector’s dividend policy remains conservative, reflecting its commitment to shareholder returns while reinvesting in infrastructure.
The company did not provide a detailed breakdown of revenue or cost drivers in the update but emphasized its focus on operational efficiency and regulatory compliance.
