SEC Victoria Pty Ltd 2025-26 annual report
Summary
The report's own summary: Message from the Board Chair, page 8
Generated summary: written by an AI model from the report text and checked against the cited pages.
SEC Victoria Pty Ltd reported for 2025-26 on its work as a government-owned company investing in renewable energy, supplying electricity and supporting household electrification.
annual report, page 8 · annual report, page 11 · annual report, page 12
SEC reported that the Melbourne Renewable Energy Hub began commercial operation in late 2025 after completion on time and under budget.
It reported 1,024 MW of committed generation and storage capacity, almost 23% of its 2035 portfolio target.
SEC reported beginning electricity retailing on 1 July 2025 and supplying around 4,400 large government sites.
It reported that net assets increased by $491 million during 2025-26.
In the body's own words
- Finding
In the first six months of operation, the A3 battery, over which SEC has full dispatch rights, discharged enough stored energy to power around 110,000 homes per day.
Finances 4
Revenue
$506,713 thousand
Printed as
Revenue 3 506,713 - Other income 1,874 1,680
Total
$647,699 thousand
Printed as
Other 4,527 3,765 Total 647,699 14,608
Employee benefits expenses
$35,348 thousand
Printed as
Employee benefits expenses 35,348 23,247
Loss for the year
$(159,782) thousand
Printed as
Loss for the year (159,782) (6,819)
Staff 2
Non-executive
178 people
Printed as
Non-executive 170 166.4 116 114 178 174.2 125 123.4
Non-executive
174.2 FTE
Printed as
Non-executive 170 166.4 116 114 178 174.2 125 123.4
Executives and remuneration 4
Executive*
8 people
Printed as
Executive* 8 7.8 9 8.6
Accountable Officer
$730,000 - 739,999
Printed as
Accountable Officer $640,000 - 649,999 - 1 $730,000 - 739,999 1 -
Total key management personnel remuneration expense
$3,324,129
Printed as
Total key management personnel remuneration expense 3,324,129 3,139,412
Executives
5 people
Printed as
Non-executive directors 7 7 Executives 5 5 Total key management personnel 12 12
Consultancies 3
Arthur D Little (Australia)
$250,000
Printed as
Arthur D Little (Australia) Strategic advice on structuring options 250,000 250,000 -
Workforce Advantage
$132,950
Printed as
Workforce Advantage Consultancy services involving provision of strategic industrial relations advice 132,950 132,950 -
Nation Partners
$20,371
Printed as
Nation Partners Community engagement plan & strategy for Monash Way development. 163,525 20,371 124,022
Other figures 1
Total remuneration ($000's)
$727 thousand
Printed as
Total directors 7 7 Total remuneration ($000's) 727 680
About the document
- Edition
- Current edition
- Reading status
- Read by OPAX
- Pages
- 225
- Figures not found in the report
- Consultancy total; Executive average remuneration; Executive band; Named remuneration