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Energy
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More red ink for Octopus

The electricity retail minnow says the market needs a level playing field.

Octopus Energy NZ is a subsidiary of Octopus Energy Group in the UK.

Tim Hunter Thu, 19 Mar 2026
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

Electricity retail challenger Octopus has reported a loss of $8.3 million for the year to April 2025.

The result, from revenue of $25.9m, is further into the red after a 2024 loss of $6.9m.

Chief executive Margaret Cooney said the outcome reflected difficulties in competing with incumbent

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Tim Hunter Thu, 19 Mar 2026
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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More red ink for Octopus
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