New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Meridian Energy (MEL) will be glad when FY25 is behind it, with 1H25 the worst six-month result since listing and 2H25 shaping up to be similarly tough.</li><li>Weak hydro inflows are the main cause for the financial pain, but it will rain again and MEL will reassert itself as the most profitable generator/retailer.</li><li>Outside of the financials, 1H25 was notable for MEL progressing its developments, with two projects being consented in the last two months and a joint venture announced. </li></ul>

Meridian Energy (MEL) will be glad when FY25 is behind it, with 1H25 the worst six-month result since listing and 2H25 shaping up to be similarly tough.Weak hydro inflows are the main cause for the financial pain, but it will rain again and MEL will reassert itself as the most profitable generator/retailer.Outside of the financials, 1H25 was notable for MEL progressing its developments, with two projects being consented in the last two months and a joint venture announced. 

Meridian Energy - Preparing for a Double Whammy—1H25 Result