Unison Delivers Steady Result and Continued Investment in Network Resilience
Unison Group has released it's Annual Report for 2025/26.
Unison’s Annual Report highlights strong network performance, growing services capability and continued investment to support electrification and future energy needs across Hawke's Bay, Taupō and Rotorua.
Unison has released its Annual Report for the year ending 31 March 2026, reporting a steady result and continued investment in the resilience, reliability and long-term capability of its electricity network and wider businesses.
During the year, the Group continued to invest in strengthening its core electricity network across Hawke's Bay, Taupō and Rotorua, supporting reliability for customers, preparing for growing electricity demand, and contributing to the energy transition under way across New Zealand.
Chair of the Unison Group Board Rob Wheater said the result reflected the strength and resilience of the Group's core businesses and the Board's focus on long-term value.
"Unison delivered a steady result in a year of mixed market conditions. Our electricity network and Services Division performed well, while the operational reset under way within our Products Division has strengthened the platform for future performance.
"The Board remains focused on ensuring Unison continues to invest in a reliable, resilient electricity network and a sustainable business model that supports customers, communities and the energy transition over the long term."
Group performance
Group profit after tax for the year was $23.6 million, reflecting non-recurring adjustments within the Products Division. On a normalised basis, Group profit after tax was $33.1 million, supported by continued strong performance across the electricity distribution and services businesses.
The Board declared a dividend of $18.3 million to the Hawke's Bay Power Consumers' Trust, which holds shares in the company on behalf of electricity consumers connected to Unison's Hawke's Bay network.
Performance across the Group
Unison Networks Limited (UNL), the Group's electricity distribution business, delivered a strong network performance, supported by ongoing investment in network resilience, improved asset intelligence and proactive planning to meet the needs of growing regions and increasing electrification across Hawke's Bay, Taupō and Rotorua.
The Services Division, comprising Unison Contracting Services Limited (UCSL) and specialist high-voltage services supplier PBA Limited (PBA), delivered a strong result, supported by sustained demand for contracting and specialist services across the electricity sector.
The Products Division, comprising transformer manufacturer ETEL and electrical switchgear manufacturer RPS Switchgear (RPS), experienced more challenging market conditions during the year. Both businesses progressed targeted operational and strategic initiatives aimed at strengthening capability, improving delivery performance and supporting future growth.
Looking ahead
Unison Group Chief Executive Jaun Park said the Group remains well positioned to support its customers and communities through the energy transition.
"Our focus is on maintaining a reliable and resilient electricity network, strengthening our specialist services capability, and continuing to improve performance across our manufacturing businesses.
"Together, these strengths position the Group to support the increasing electrification of New Zealand's economy, while continuing to invest in the long-term resilience of the network and the communities we serve."
The Group enters the new financial year with a strong network business, growing services capability and a more focused operating model across its products businesses, providing a solid platform to deliver long-term value for customers, communities and shareholders.
To read Unison's full 2025/26 Annual Report, visit: Annual Reports