HK Electric Investments maintains distribution amid steady performance

HK Electric Investments reported revenue of HK$5,567 million for the first half of 2025, a slight decrease from HK$5,572 million in the same period last year. Unaudited profit attributable to holders of Share Stapled Units increased to HK$1,001 million, up from HK$947 million in 2024. Despite a 3.2% decline in electricity sales due to milder weather and energy-saving initiatives, the company maintained a world-leading supply reliability of over 99.9999%.

The board declared an interim distribution of HK15.94 cents per Share Stapled Unit for the six months ended June 30, 2025, matching the previous year’s distribution. This distribution, totaling HK$1,408 million, will be paid on September 8, 2025. The company’s net debt stood at HK$51,341 million, with Standard & Poor's reaffirming an "A-" long-term credit rating.

Significant progress was made on the 2024-2028 Development Plan, including construction of the L13 gas-fired combined-cycle generating unit. The rollout of smart meters reached over 90% of customers, on track for full completion by year-end. Basic tariffs increased by HK3.4 cents to HK122.9 cents, while a decline in fuel prices led to a 4.4% reduction in net tariffs to HK159.6 cents per unit of electricity as of August 2025.