Vector Limited (NS)

Overview

About Vector

Vector is an innovative New Zealand energy and digital solutions company, which runs a portfolio of businesses delivering energy, technology and communication services to more than 620,000 residential and commercial customers across New Zealand. Vector has a leading role in creating a new energy future through its Symphony strategy which puts customers at the heart of the energy system.

Vector’s majority shareholder, with voting rights of 75.1%, is Entrust. For further information, visit www.vector.co.nz

Vector listed on the NZSX in 2005.

Performance

The following information was extracted from Vector Limited's full year results, released 18 August 2026

Vector delivers strong 2026 result and record investment in Auckland’s electricity network

• Group net profit after tax $240 million

• Adjusted EBITDA(1) $482 million

• Gross capital expenditure $544 million

• Final dividend 13.5 cents per share(2)

• 10kw dynamic solar exports announced

• Record investment into Auckland’s electricity network(3)

Vector Group (NZX: VCT) today released its financial results for the 2026 financial year.

Vector group chief executive Chris Blenkiron said the business is performing well and this is shown in the latest results.

"This year we've focused on disciplined execution across our key deliverables of customer outcomes, safety, and operational and financial performance. That’s resulted in a set of strong financial results and leaves us well positioned to continue delivering the services and infrastructure our customers rely on”, Mr Blenkiron said.

Adjusted EBITDA, which excludes capital contributions, was $482 million, up 20%, and driven by a 12% increase in revenue. This reflects the first full year of the Commerce Commission's electricity distribution pricing reset which took effect nationally on 1 April 2025. Group net profit after tax was $240 million. Gross capital expenditure was $544 million, with $191 million of capital contributions recognised in the year.

During the year, record investment into Auckland’s electricity exceeded half a billion dollars, a dynamic 10kw solar export limit was announced to help more solar owners maximise their investment, and 13,017 new homes and businesses were connected to the electricity network.