Compliance updated on Jun 19, 2026 Screened by AAOIFI-Certified Shariah Advisor & Auditor

Financial data updated nightly

Meridian Energy Ltd

MEL.NZ ✓ COMPLIANT ☆ Track — members

NZX · Utilities · Electric Utilities ·

New Zealand Mid Cap Analyst: HOLD

Last Close

$3.27

▲ +0.54%

Market Cap $8.60B · Vol 817.14K

Key Metrics

P/E Ratio

N/A

FWD: 32.46

Market Cap

$8.60B

Mid Cap

Div Yield

4.97%

Semi-annual dividend

EPS Growth

+599.67%

YoY

RSI (14)

34.67

Momentum

Beta

0.81

vs Market

52W High

$3.56

7.96% below

52W Low

$3.12

6.94% above

Volume

817.14K

Avg 1.15M

P/B

1.73

Price-to-book

ROE

2.61%

Return on equity

Free Float

47.70%

Public shares

Shariah Compliance8 STANDARDS

✓ Yes, Meridian Energy Ltd (MEL.NZ) stock is Shariah compliant

AAOIFI—
Dow Jones Islamic (DJIM)—
FTSE Shariah—
MSCI Islamic—
S&P Shariah—
Al Rajhi—
Alinma—
Albilad—

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See the verdict under each standard, the exact screening ratios, purification and zakat per share. AAOIFI-certified methodology trusted by global Islamic funds.

Which standards does MEL.NZ pass?

The full report shows the verdict under each of the 8 major Shariah standards, with the business-activity and financial-ratio screens behind every one.

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Members see the purification amount per share, updated every financial period under the AAOIFI methodology.

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Historical Returns

-1.07%

-0.54%

-6.09%

-3.65%

YTD

-0.89%

-0.72%

-0.74%

+7.98%

Financials & Valuation

TTM · Annual

Total Revenue	$2.95B
Net Income	$-275,493,847.00
Revenue Growth (YoY)	-10.95%
Gross Margin	20.12%
Operating Margin	15.55%
Net Profit Margin	-9.35%
ROE	2.61%
ROA · ROIC	-4.34% · N/A

P/E Ratio	N/A
Forward P/E (FY1)	32.46
PEG Ratio	N/A
P/S	3.18
P/B	1.73
P/FCF	120.98
EPS Growth	+599.67%
Outstanding Shares	2.65B

Technical Indicators

50-Day SMA	$3.37
200-Day SMA	$3.35
RSI (14)	34.67
Beta	0.81
52-Week High	$3.56
52-Week Low	$3.12

Volume Today	817.14K
Avg Daily Volume (30D)	1.15M
Relative Volume	0.71x
Volatility (10D)	17.71
Volatility (30D)	15.90
Free Float	47.70%

Analyst Consensus

HOLD

Current Price $3.27

Mean Target $3.72

52W Low$3.12 52W High$3.56

Current

Target

$3.12 $3.56

Current Analyst target

+13.80% upside potential · 6 analysts

Identifiers

ExchangeNZX

FIGIBBG005GS6PZ9

ISINNZMELE0002S7

CountryNew Zealand

Sub-IndustryHydroelectric & Tidal Utilities

Earnings DateAug 25, 2026

TypeStocks

Instrument TypeFULLPAID Fully Paid Ordinary

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Company Profile

Meridian Energy Limited is a New Zealand-based company. The Company is engaged in the generation, trading and retailing of electricity and the sale of complementary products and services. Its segments include Wholesale, Retail, and Other and Unallocated. The Wholesale segment includes activity of generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity of retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. The electricity is sold to residential, business and industrial customers. The Other and unallocated segment include licensing of the developed electricity and gas retailing platform. It owns and operates approximately seven hydro stations in New Zealand and six wind farms. The Company’s subsidiaries are Flux Federation Limited, Flux-UK Limited, Meridian Limited, and others.