China Everbright Water Limited reported audited annual results for the financial year ended 31 December 2025. Revenue decreased by 22.00% to HKD5.36 billion compared to HKD6.85 billion a year earlier. Profit attributable to equity holders fell by 17.00% to HKD842.48 million, and basic earnings per share decreased to HKD29.45 cents from HKD35.64 cents.
EBITDA reached HKD1.93 billion, down 12.00% from HKD2.20 billion. Profit before tax stood at HKD1.21 billion, a decline of 16.00% from HKD1.45 billion in 2024. The final dividend was set at HKD4.22 cents per ordinary share (equivalent to 0.69 Singapore cent), bringing the total dividend for the year to HKD10.31 cents per share.
Revenue from operation income rose to HKD2.97 billion, driven by new project start-ups, while construction service revenue dropped to HKD1.09 billion following fewer construction activities. Finance income from service concession arrangements remained at HKD1.10 billion. Overall gross profit margin improved to 44.00% from 38.00% a year ago, partly due to a lower proportion of construction activities.
As of year end, total assets increased to HKD38.22 billion from HKD35.89 billion, with net assets standing at HKD15.03 billion, up from HKD13.99 billion. Gearing ratio decreased slightly to 60.70%. Cash and cash equivalents reached HKD2.32 billion, providing the group with sustained financial flexibility.
The group has invested in 172 environmental protection projects, covering municipal and industrial wastewater treatment, water supply, and sludge treatment. Total investment for these projects is approximately RMB31.85 billion. During 2025, it secured two new projects with an additional daily water treatment capacity of 11,050 m³ (including O&M capacity), contributing to its steady development in the water environment management sector.
Management aims to maintain stable operations while exploring new business areas related to environmental stewardship. The group is focusing on operational excellence, enhanced collection of trade receivables, and resource efficiency. The board expects future progress to be underpinned by innovation, cost control, and broader geographic and business segment expansion.
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