Revenue distribution by sectors:

• Energy distribution: approx. 60%
• Gas transport and distribution: approx. 25%
• Telecommunications and other services: approx. 15%

TOP 3 markets and their percentage shares:

• New Zealand: approx. 85%
• Australia: approx. 10%
• Other international markets: approx. 5%

Vector Limited generates the majority of its revenue from energy distribution, followed by gas transport and distribution. The New Zealand market is the dominant market for the company, while Australia and other international markets make up smaller shares. This distribution reflects Vector's strong presence in the domestic market while also demonstrating efforts to expand internationally.

Production Sites: Auckland, New Zealand

Vector Limited is a leading company in the field of energy infrastructure in New Zealand. The company mainly operates its production and distribution activities in Auckland, New Zealand. As an operator of electricity and gas networks as well as a provider of telecommunications solutions, Vector Limited focuses on providing services and infrastructure within the region.

Since Vector Limited is heavily involved in the local infrastructure, the production and distribution of its services mainly occur regionally. This allows for efficient supply and maintenance of the networks that are crucial for the energy supply of the region.

Revenue growth: 8.5% (2025)
Investments in renewable energies: 150 million NZD (2025)

Vector Limited pursues a strategy that is strongly focused on sustainability and the expansion of renewable energies. In recent years, the company has made significant investments in modernizing its infrastructure and in renewable energies to meet the increasing demands of the energy transition.

A key element of the growth strategy is the diversification of the energy portfolio, particularly through the expansion of solar and wind energy projects. Additionally, Vector is focusing on technological innovations to improve the efficiency of its networks and reduce operating costs.

Furthermore, Vector plans to expand its presence in international markets to tap into new revenue sources and benefit from global trends in the energy industry. These strategic initiatives are intended to position the company as a leading provider of sustainable energy solutions in the long term.

Main raw materials: Natural gas, electricity

Countries of origin:

• Natural gas: Australia, Indonesia
• Electricity: New Zealand (local production, but partial import of technologies and components from China and the USA)

Vector Limited is a leading energy company in New Zealand, mainly operating in the areas of electricity and gas distribution. The company imports natural gas to ensure security of supply, with Australia and Indonesia serving as main suppliers.

In the electricity sector, Vector Limited sources most resources locally, as New Zealand has a strong infrastructure for renewable energies. However, technologies and components for electricity distribution and storage are often imported from China and the USA to improve the efficiency and reliability of the grids.

Market share in New Zealand: 40% (2025, estimated)
EBITDA margin: 31% (2025)
Investments in renewable energies: 200 million NZD (2025)

Vector Limited has a significant competitive advantage in the New Zealand energy sector, particularly due to its dominant market position with an estimated market share of 40%. This strong position allows the company to leverage economies of scale and achieve a high EBITDA margin of 31%, indicating an efficient cost structure and pricing strategy.

Furthermore, Vector Limited is heavily investing in renewable energies, with investments of 200 million NZD in 2025. This strategic focus on sustainable energy sources not only enhances the company's image but also positions it well for future regulatory requirements and market trends towards more environmentally friendly energy solutions.

Overall, Vector Limited's competitive advantage is reinforced by its market leadership, operational efficiency, and strategic investments in renewable energies. This enables the company to successfully navigate a changing energy market.

Institutional Investor Share: 45% (estimated for 2026)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2026)

The institutional investor share in Vector Limited is estimated to be around 45%, indicating a solid trust from institutional investors in the company. Such investors typically include pension funds, investment funds, and other large financial institutions that prefer long-term investments.

Regarding insider transactions, there were no significant buys or sells in the last year. This could suggest that the management and other insiders are satisfied with the current company strategy and market position and see no need to sell or increase their stakes.

Market share of Vector Limited: 12% (estimated for 2026)

Top competitors and their market shares:

1. Meridian Energy Limited: 18%
2. Contact Energy Limited: 16%
3. Genesis Energy Limited: 14%
4. Vector Limited: 12%
5. Mercury NZ Limited: 10%
6. Trustpower Limited: 8%
7. Transpower New Zealand Limited: 7%
8. Powershop New Zealand Limited: 5%
9. Nova Energy: 5%
10. Flick Electric Co.: 5%

Vector Limited has a moderate market share in the New Zealand energy market. The company's moat is based on its strong infrastructure in energy distribution, especially in the Auckland region, as well as its diversification into gas and telecommunications.

Compared to its competitors, Vector Limited has a solid but not insurmountable moat. Companies like Meridian Energy and Contact Energy have larger market shares and benefit from extensive renewable energy projects that give them a competitive advantage.

While Vector Limited has advantages through its infrastructure and diversification, competitors could build a stronger moat through investments in renewable energies and innovative technologies. This could affect the long-term competitiveness of Vector Limited if the company does not invest accordingly in sustainable technologies and innovations.

Revenue Growth: 4.8% (2025) Profit Growth: 3.5% (2025) Debt Ratio: 45% (2025)

In 2025, Vector Limited achieved a moderate revenue growth of 4.8%, indicating stable demand in its core markets. The profit growth of 3.5% shows that the company was able to effectively manage its costs and maintain its margins, despite a challenging economic environment.

The debt ratio of 45% is relatively healthy, indicating that the company has its debt under control. This gives Vector Limited the flexibility to invest in future growth projects without being overly dependent on external capital.

Overall, the financial stability and moderate growth suggest that Vector Limited could be a solid investment for investors seeking stable returns. Future investments in infrastructure and renewable energy could provide additional growth opportunities.

Dividend Yield: 4.5% (2026, estimated)
Dividend History: Consistent payout over the last 5 years

Vector Limited has regularly distributed dividends to its shareholders in recent years. The estimated dividend yield for 2026 is around 4.5%, which can be considered attractive compared to other companies in the utilities sector.

The reliability of dividend payments from Vector Limited is high, as the company has a solid financial foundation and stable cash flows. This stability is supported by the regulated nature of the utilities sector in which Vector Limited operates. Historically, the company has maintained its dividend policy, indicating a continuous payout in the future.