This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
Genesis Energy
Directory
| NZX code: | GNE |
| Short name: | Genesis Energy |
| Legal name: | Genesis Energy Limited |
| Industry sector: | Energy |
| NZX50 rank: | 18 of 50 |
| Head office address: | 660 Great South Road, Greenlane, Auckland |
| Chairman: | Barbara Chapman |
| Chief executive: | Malcolm Johns |
| Financial year ended: | June |
| Locations: | New Zealand |
| Auditor: | Deloitte |
| Bankers: | Westpac |
Genesis Energy
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Financial statement history
A. Recent trading and performance summary:
| Total revenue |
NPAT | Earnings per share |
|
| fye June | bln | mln | cents |
| 2018 | $2.3 | $20 | 1.98 |
| 2019 | $2.7 | $59 | 5.83 |
| 2020 | $2.6 | $46 | 4.47 |
| 2021 | $3.2 | $32 | 3.04 |
| 2022 | $2.8 | $222 | 21.24 |
| 2023 | $2.3 | $196 | 18.52 |
B. Recent financial position summary:
| Total assets |
Total Liabilities |
Equity ratio |
|
| fye June | bln | bln | % |
| 2018 | $4.23 | $2.27 | 46.3 |
| 2019 | $4.69 | $2.54 | 45.8 |
| 2020 | $4.58 | $2.51 | 45.2 |
| 2021 | $5.24 | $3.19 | 39.1 |
| 2022 | $5.27 | $2.89 | 45.2 |
| 2023 | $5.10 | $2.68 | 47.4 |
C. Recent cash flows and positions:
| Cash inflows |
Cash outflows |
Cash and equiv. at year end |
|
| fye June | mln | mln | mln |
| 2018 | $330.6 | $309.1 | $49.3 |
| 2019 | $311.4 | $298.8 | $61.9 |
| 2020 | $307.5 | $336.9 | $32.5 |
| 2021 | $323.8 | $252.0 | $104.3 |
| 2022 | $261.7 | $260.4 | $105.6 |
| 2023 | $422.6 | $468.1 | $60.1 |
D. Recent key ratio analysis:
| Earnings per share |
Price:Earnings ratio |
NTA/share | Dividend yield |
|
| fye June | cents | annual avg | dollars | annual avg % |
| 2018 | 1.98 | 14.4 | 1.57 | 6.93 |
| 2019 | 5.83 | 20.3 | 1.75 | 4.91 |
| 2020 | 4.47 | 17.6 | 1.66 | 5.68 |
| 2021 | 3.04 | 23.6 | 1.58 | 5.12 |
| 2022 | 21.24 | 12.5 | 1.92 | 6.64 |
| 2023 | 43.20 | 19.6 | (1.06) | 6.04 |
Description of trading activities
“Genesis Energy is a diversified New Zealand energy company. It sells electricity, reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online. It is New Zealand’s largest energy retailer with around 500,000 customers. The Company generates electricity from a diverse portfolio of thermal and renewable generation assets located in different parts of the country. Genesis Energy also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New Zealand.”
CEO profile
Malcolm Johns joined Genesis Energy in 2023, previously the Chief Executive of Christchurch Airport. Johns's main responsibility at GNE is leadership, strategic direction, and the corporate management of the company's business interests. Johns is a founding member of the Climate Leaders Coalition Steering Group. John's holds a Bachelor of Management Studies from the University of Waikato.
Chairman profile
Barbara Chapman joined the Genesis Board in May 2018 and assumed the role of Chairman in October 2018. Chapman is also the Chairman of NZME and a director of Fletcher Building and the deputy chair of The New Zealand Initiative. Chapman is the Chairman of the APEC CEO Summit Committee and co-Chair of the APEC Business Leadership Group.
Links:
| Company website: | https://www.genesisenergy.co.nz/ |
| Investor information: | https://www.genesisenergy.co.nz/investors |
| NZX listing: | https://www.nzx.com/companies/GNE |
| Annual reports: | https://www.genesisenergy.co.nz/investors/reports-and-presentations |