• Completed $1.2 billion in new renewable generation projects, adding 225MW
• $1.1 billion in renewable projects under construction, adding 269MW and 100MW storage
• Acquired Manawa Energy to enhance renewable portfolio and manage dry year risk

Contact Energy has delivered strong performance in FY25, with EBITDAF of $774 million, up 17% on the prior year. This was achieved despite challenging market conditions, including an accelerated decline in gas availability and significant volatility in wholesale electricity prices due to dry periods and intense hydro inflows. Contact supported the market through these conditions by securing short-term gas, running its Taranaki Combined Cycle plant, and using flexible gas storage. The company's investment in new geothermal capacity, with both the Tauhara and Te Huka 3 plants now operational, contributed to the strong financial results. Contact has continued to make significant progress on its Contact26 strategy, committing over $2 billion to build critical energy infrastructure in New Zealand. This includes completing $1.2 billion in new renewable generation projects that have added 225MW of capacity, and having a further $1.1 billion in renewable projects under construction that will add 269MW of generation and 100MW of storage. The acquisition of Manawa Energy, completed in July 2025, is an important step in enhancing Contact's renewable portfolio and ability to manage dry year risk, with the complementary hydro assets providing greater geographic diversity and more efficient operations. Contact remains focused on enabling the electrification of the New Zealand economy, supporting industrial and residential customers in the energy transition, and playing a leading role in ensuring secure, sustainable, and affordable energy supply for all New Zealanders.

Contact is targeting an annual dividend of 39 cents per share in FY25, up 5% from FY24.