Hong Kong & China Gas Co ( (HOKCF) ) has released its Q2 earnings. Here is a breakdown of the information Hong Kong & China Gas Co presented to its investors.
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Hong Kong & China Gas Co, a prominent player in the utility sector, is engaged in the production, distribution, and marketing of gas and related services, with a growing focus on renewable energy and green fuels.
In its latest earnings report for the first half of 2025, Hong Kong & China Gas Co reported stable revenues of HK$27,514 million and a 3% increase in after-tax operating profit to HK$3,996 million. However, profit attributable to shareholders saw a slight decline of 3% to HK$2,964 million. The company maintained its interim dividend at HK12 cents per share.
The company highlighted several key developments, including stable gas sales in Hong Kong and mainland China, despite economic challenges. Notably, the company is advancing its hydrogen energy projects and expanding its renewable energy portfolio, with Towngas Smart Energy recording a 2% increase in core operating profit. The green methanol business also made significant strides with the establishment of a joint venture and plans for a new production facility.
Looking ahead, Hong Kong & China Gas Co remains focused on enhancing its growth businesses and sustainability objectives. The management is optimistic about the potential of its renewable energy and green fuels segments to drive future profitability and support Hong Kong’s development as a green maritime fuel hub.