HK & CHINA GAS (00003) announces annual results, with a net profit attributable to shareholders of HKD 5.688 billion and a final dividend of 23 HK cents per share.

HK & CHINA GAS (00003) released its full-year performance for 2025, with the group achieving revenue of HK$54.326 billion, a decrease of 2.07% year-on-year; net profit attributable to shareholders was HK$5.688 billion, a decrease of 0.42% year-on-year; basic earnings per share were 30.5 HK cents, with a proposed final dividend of 23 HK cents per share. In 2025, China Gas continued to improve quality and efficiency, advancing business restructuring, introducing strategic investors, promoting the development of a diversified energy business, and establishing a more robust business structure. The post-tax operating profit and core business profit for the year were HK$7.5 billion and HK$6 billion, respectively, representing increases of 2% and 4%. Including non-operating gains and losses and property revaluation changes, net profit attributable to shareholders was HK$5.7 billion, similar to the previous year. In Hong Kong's utility business, the company provided gas and energy management solutions for mainland Chinese restaurant brands expanding into Hong Kong, as well as emerging foodservice operators. The introduction of efficient gas dehumidification systems in hotels, hospitals, and large public facilities kept overall gas sales volume steady. Additionally, the Fifteenth National Games golf competition was the first in Hong Kong to use a hydrogen-powered generator to provide green electricity to the venue. Throughout the year, the company developed multiple hydrogen applications, such as on-site power generation and automated hydrogen charging systems for electric vehicles. In the mainland utility business, efforts were made to promote the use of natural gas in industrial and commercial markets, as well as to replace old natural gas pipes in communities. Gas sales volume remained stable at 36.35 billion cubic meters, with residential user prices increased, and the urban gas comprehensive price difference rose by 2 Chinese cents to RMB 0.54 per cubic meter. The development of Sustainable Aviation Fuel (SAF) progressed rapidly, with EcoCeres' renewable fuel production capacity increasing from 350,000 tons to 770,000 tons per year by the end of 2025 with the successful commissioning of a new plant in Malaysia. The company actively responded to Hong Kong Special Administrative Region government's green energy strategic deployment, fully supporting the development of the SAF industry chain in the Guangdong-Hong Kong-Macao Greater Bay Area.