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HK Electric Investments & HK Electric Investments ( (HK:2638) ) has issued an announcement.
HK Electric Investments reported stable 2025 financial results, with EBITDA edging up to HK$8,749 million and profit attributable to stapled unitholders rising to HK$3,149 million, while maintaining a total annual distribution of HK32.03 cents per unit. The company marked its 135th anniversary by highlighting a long-standing focus on engineering innovation, safety and environmental responsibility, underpinned by decades of investment in its electricity network.
Operationally, 2025 was the second year of its 2024–2028 Development Plan, moving from planning to intensive execution on major generation projects that support Hong Kong’s decarbonisation strategy. Construction of the L13 gas-fired combined-cycle unit progressed on schedule toward early 2029 commissioning, alongside three new oil-fired open-cycle gas-turbine units due to begin phased commissioning in 2027 to replace ageing assets and bolster reliability.
The rollout of smart meters was practically completed across the customer base, giving households and businesses more detailed usage data and enabling more efficient grid management. HK Electric also sustained world-class supply reliability of over 99.9999% in 2025, supported by proactive asset management and resilience investments such as elevated coastal substations, enhanced drainage and protective systems to safeguard operations during extreme weather events.
The most recent analyst rating on (HK:2638) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on HK Electric Investments & HK Electric Investments stock, see the HK:2638 Stock Forecast page.
More about HK Electric Investments & HK Electric Investments
HK Electric Investments operates in the power utility industry, supplying electricity to Hong Kong with a strong emphasis on reliable transmission and distribution. The company focuses on gas-fired generation, network modernisation and smart metering to support decarbonisation goals while maintaining high service reliability for its customer base.
Average Trading Volume: 3,260,297
Technical Sentiment Signal: Buy
Current Market Cap: HK$58.85B
For an in-depth examination of 2638 stock, go to TipRanks’ Overview page.