Vector Limited (VCT:NZ), New Zealand's largest distributor of electricity and gas, operates as a multi-utility infrastructure company headquartered in Auckland and founded in 1993. The company delivers electricity distribution to over 620,000 residential and commercial customers primarily in the Auckland region; gas distribution and transmission across New Zealand; natural gas and liquefied petroleum gas (LPG) wholesaling, storage, and processing; telecommunications services including broadband, voice, and data via its Vector Fibre network for businesses; metering solutions through a 50% stake in Bluecurrent (formerly Vector Metering); energy technology solutions encompassing cybersecurity, data platforms, and digital tools for the energy sector; and home ventilation systems via its HRV business. Vector serves regulated networks, gas trading, and metering segments, with operations focused on New Zealand and extending to communication services across Australasia and the Pacific; 75.1% owned by Entrust, it listed on NZX in 2005. Recent developments include the 2023 sale of a 50% interest in Vector Metering to QIC Private Capital for a NZ$1.51 billion gain, materially reducing debt and supporting infrastructure investments for decarbonization; the July 2025 divestment of the underperforming HRV business to a consortium of franchisees and management for NZ$2.5 million; a strategic review of its fibre business initiated in May 2025 with Barrenjoey Capital amid interest from infrastructure funds; full-year 2025 results showing revenue up 9% to NZ$893.5 million and adjusted EBITDA up 16% to NZ$401.1 million from continuing operations; a 55% reduction in carbon emissions ahead of its FY2030 target; and adoption of AI-driven AWS migration for VMware in 2025, achieving 35% cost savings over five years.