The Orion Group performance solid despite pressure
The Orion Group has delivered an improved financial performance of $24m net profit after tax this year.
On the back of this it delivered $25m of dividends to its shareholders Christchurch City Council, through Christchurch City Holdings Limited, and Selwyn District Council, in line with the target in its Statement of Intent.
Orion’s network capital expenditure totalled $111m for FY25.
“We have continued to invest in our network to ensure it remains safe, reliable, resilient and can accommodate growth. At the same time, we are exploring non-traditional network solutions, including the potential for residential flexibility through our Resi-Flex pilot, and community-led initiatives through our Community Energy Activator” says The Orion Group Chief Executive Nigel Barbour.
“We’ve also invested further in our integrated asset management system, with a focus on improving our asset management through developing our data, processes and technologies. This is driving greater efficiency across the business, and that ultimately has huge benefits for our contractors, customers, community and our team.”
In additional to implementing its integrated asset management system Orion is progressing with a customised price-quality path (CPP) application to the Commission.
“The default price-quality path revenue and expenditure allowances announced in late 2024 are not sufficient to deliver the level of service that our community relies on. A CPP is essential to meet the evolving needs of our network and growing community, while maintaining standards of quality and reliability,” says Nigel.