Vector FY26 adjusted EBITDA rises 20% to $482 million; net profit after tax totals $240 million

• Vector posted FY26 net profit after tax of $240 million as adjusted EBITDA (non-GAAP) climbed 20% to $482 million.
• Revenue rose 12% on the first full year of the Commerce Commission’s electricity distribution pricing reset from April 1, 2025.
• Gross capital expenditure totaled $544 million, including $191 million of capital contributions recognized during the year.
• Record $512 million investment in Auckland’s electricity network; 13,017 new homes and businesses connected, lifting electricity connections 1.6% to 642,134.
• Guided FY27 adjusted EBITDA (non-GAAP) of $540 million-$560 million, forecasting gross capex of $605 million-$635 million.

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