GREEN ENERGY GP announced its annual performance, with a loss attributable to shareholders of HKD 16.034 million, an increase of 12.02% year-on-year
GREEN ENERGY GP announced its annual results for the period ending June 30, 2025, reporting a loss attributable to shareholders of HKD 16.034 million, an increase of 12.02% year-on-year. Revenue from continuing operations was approximately HKD 68.887 million, a decrease of 2.73% year-on-year. The increase in losses was mainly due to a reduction in revenue and marginal profit from the renewable energy business, as well as impairment provisions for the plastic recycling business. The rise in international shipping costs led to the cancellation of some orders, and the increase in raw material procurement and transportation costs affected the gross profit margin
According to the Zhitong Finance APP, GREEN ENERGY GP (00979) announced its annual performance for the year ending June 30, 2025, with revenue from continuing operations of approximately HKD 68.887 million, a year-on-year decrease of 2.73%; the loss attributable to shareholders was HKD 16.034 million, a year-on-year increase of 12.02%; basic loss per share was HKD 1.18.
The announcement stated that the decrease in revenue was mainly due to a reduction in income from the group's renewable energy business segment during the fiscal year 2025.
The increase in net loss was primarily due to the decrease in revenue and marginal profit from the group's renewable energy business segment in fiscal year 2025, as well as the impairment loss provision for properties, plants, and equipment related to the plastic recycling business, which was not recorded in fiscal year 2024. In fiscal year 2025, the surge and volatility of international freight rates led to the cancellation of some orders by the group's renewable energy business customers in Europe, and the gross profit margin of this business segment was also eroded due to rising raw material procurement costs and local transportation costs. During fiscal year 2025, the group's construction waste and processing services business, as well as its plastic recycling/metal waste business segment in Germany, deteriorated due to rising labor and energy costs
