Sunevision revenue up 14%, EBITDA climbs 17%

SUNeVision Holdings (HKEX: 1686) announced a 14% increase in revenue to HK$1,470 million for the six months ended December 31, 2024, compared to the same period last year. EBITDA rose by 17% to HK$1,053 million, with margins improving from 70% to 72%. Profit attributable to shareholders increased by 11% to HK$484 million. Growth was fueled by revenue from new data centers, particularly MEGA IDC Phase One, and steady performance across existing facilities. The company reported net cash generated from operating activities, excluding working capital movements, increased by 37% to HK$982 million. Adjusted gearing ratios remained stable. Sunevision has initiated construction on Phase Two of MEGA IDC, scheduled for completion in 2026/2027. The company expects strong connectivity demand to persist.