Jamie GrayBusiness Reporter·NZ Herald·26 Aug, 2026 09:27 PM3 mins to read‌NZ Herald Morning Headlines | MBIE misled officials about costly IT project and actor Tim Curry dies aged 80 | Thursday, August 27, 2026. Video / NZ HeraldStronger retail margins and favourable hydro-generating conditions helped drive Genesis Energy’s operating earnings higher in the June year while its net profit fell.

The company, 51% owned by the Government, said its earnings before interest, tax, depreciation, amortisation and fair value adjustments on derivatives (ebitdaf) came to $518 million, up