Everbright Greentech profit up 33% despite revenue dip in first half

China Everbright Greentech reported a 33% increase in profit attributable to equity shareholders, reaching HK$190.8m for the six months ended June 30, 2025, up from HK$143.9m in the same period last year. This growth was achieved despite a 3% decrease in revenue to HK$3.4bn and an 11% decline in EBITDA to HK$974.4m, primarily due to reduced construction services revenue. Basic earnings per share rose to HK9.23 cents from HK6.97 cents.

The Group maintained a stable financial position with total assets of HK$37.7bn and a gearing ratio of 67.04%. Integrated biomass utilisation projects contributed significantly, with EBITDA increasing by 15% to HK$1.02bn. The company also declared an interim dividend of HK2.8 cents per share, doubling from the previous year.

Strategic initiatives, including internal operational optimisation, exploration of "environmental protection + clean energy" models, and asset disposals, contributed to a reduction in operating costs and enhanced overall operational quality. The company also secured HK$1.06bn from the issuance of perpetual medium-term notes during the period.