Envision Greenwise FY26 Revenue Jumps 183% to HK$2.46 Billion, Swings Back to Profit and Proposes First Dividend

Bulletin Express06-25 22:46

Envision Greenwise Holdings Limited reported a sharp turnaround for the fiscal year ended 31 March 2026:

• Revenue surged 183.1% year on year to HK$2.46 billion, driven by the reverse supply-chain and environmental-related services segment, which contributed HK$2.42 billion (98% of group total). • Gross profit climbed 91.6% to HK$196.80 million; gross margin normalised to 8.0% (FY25: 11.8%). • Profit attributable to shareholders reached HK$60.90 million, reversing a HK$15.74 million loss in FY25. • Adjusted EBITDA almost doubled to HK$98.00 million (FY25: HK$44.76 million). • Basic and diluted EPS turned positive at HK2.17 cents (FY25: loss per share HK1.22 cents). • The board recommended a final dividend of HK$0.01 per share, the first since listing, subject to approval at the AGM.

Segment performance – Reverse supply-chain management & environmental-related services: revenue rocketed to HK$2.42 billion (FY25: HK$695.72 million) on robust demand for industrial materials such as copper and black mass. – Superstructure building and RMAA services: revenue fell to HK$44.17 million (FY25: HK$174.01 million) as two major projects neared completion.

Financial position • Cash and cash equivalents stood at HK$229.84 million; current ratio remained at 1.7. • Gearing ratio eased to 0.7% (FY25: 1.7%), with bank borrowings of HK$7.09 million. • Net assets increased to HK$976.44 million (FY25: HK$467.01 million) after multiple share subscriptions and the issuance of shares for an acquisition and an exclusive trading-rights transaction. • Capital expenditure totalled HK$166.60 million, mainly for property, plant and equipment.

Corporate actions During FY26 the company: – Issued 66.24 million shares under its share-award scheme and completed three share subscriptions that raised a combined HK$383.37 million (net). – Acquired Green Jade Reverse Logistics Limited for HK$39.32 million via share issuance. – Issued 39.35 million shares to secure exclusive trading rights valued at US$20 million.

Management noted that the reverse supply-chain and environmental-related services segment will remain the primary growth engine, citing supportive environmental policies and demand for recycled materials.

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