-- The Hong Kong and China Gas Company Limited (stock code: 0003, hereinafter referred to as “the Group”) has announced its 2025 annual results. During the year, the Group pursued quality improvement and efficiency gains, restructured the business, introduced strategic investors to a variety of green energy solutions, and established a more robust business framework. The after-tax operating profit and core operating profit were HK$7.5 billion and HK$6.0 billion respectively, representing respective increase of 2% and 4%. After taking into account non-operating gains and losses and changes on revaluation of properties, profit attributable to shareholders reached HK$5.7 billion, at similar level as last year.
For its Hong Kong utility business, the Group provided gas and energy management solutions to mainland catering brands expanding into Hong Kong, as well as to emerging food and beverage operators. Coupled with the introduction of energy-efficient gas dehumidification systems in hotels, hospitals and large public facilities, overall gas sales volume remained stable. Additionally, the Group debuted Hong Kong’s first integrated hydrogen power generator at the venue of the 15th National Games golf competition to supply the venue with green electricity. Other hydrogen energy applications developed during the year included power generation at construction sites and electric vehicle charging systems.
For the Chinese mainland utility businesses, the Group continued promoting the use of natural gas in the industrial and commercial sectors and conversions to piped natural gas in old communities. Gas sales volume remained stable at 36.35 billion cubic metres. The Group also implemented cost pass-throughs for residential customers during the year, increasing the city-gas dollar margin by RMB0.02 to RMB0.54 per cubic metre.
EcoCeres made rapid progress developing the sustainable aviation fuel (SAF) market in 2025. When the new SAF plant in Malaysia was commissioned at the end of 2025, EcoCeres’s total annual production capacity for renewable fuels increased from 350,000 tonnes to 770,000 tonnes. The company also responded to the HKSAR Government’s green energy strategy by fully supporting the development of an SAF industrial chain in the Guangdong-Hong Kong-Macao Greater Bay Area.
For the green methanol business, the Group’s joint venture with Foran Energy, VENEX, finalised plans to construct a new green methanol plant in Sanshui, Foshan. Initial production capacity is projected to reach 200,000 tonnes by 2028. In October, VENEX signed a strategic memorandum of understanding with Veolia and SIPG Energy to supply green methanol and jointly develop a comprehensive supply and distribution network.
For the renewable energy business, the Group increased distributed photovoltaic grid-connected capacity by 500MW during the year. By the end of 2025, the accumulated grid-connected installed capacity of our distributed photovoltaic projects had reached 2.8 GW. Photovoltaic power generation rose by 36% to 2.48 billion kWh, and our power trading volume reached 8.4 billion kWh. During the year, the Group issued the second and third phases of our Quasi-REITs products, with cumulative financing of Assets under Management reaching RMB3.5 billion, continuously broadening our capital channels, optimising our cash flow structure, and deepening our asset-light strategy to lay a solid foundation for subsequent development.
For the extended business, the Group consolidates its gas customer base of 46 million households in Hong Kong and the Chinese mainland and offers premium smart living services through Towngas Lifestyle, covering a market of approximately 130 million people. In 2025, Towngas Lifestyle completed its first round of strategic financing, totalling US$45 million, to support business expansion in this market.
The launch of the country’s 15th Five-Year Plan is expected to accelerate the development of a new energy system and 100 national zero-carbon industrial parks. Policy tailwinds are expected to continue to emerge, including opportunities for the Group to advance green and low-carbon energy, set zero-carbon park standards, and integrate artificial intelligence, big data and automation technologies in its business. All these initiatives will help to enhance competitiveness and corporate value for the Group.
The Board recommends a final dividend of HK23 cents per share. Including the interim dividend of HK12 cents per share paid on 15th September 2025, the total dividend for the full year will be HK35 cents per share.
For details of the results, please refer to the 2025 Annual Results Announcement published on the Company’s website at www.towngas.com and the HKEXnews website at www.hkexnews.hk.
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Press photo:
Photo 1:
Three Executive Directors of Towngas—Managing Director Mr Peter Wong Wai-yee (centre), Chief Financial Officer Mr Edmund Yeung Lui-ming (left), and Chief Investment Officer Mr Alan Chan Ying-lung (right)—hosting the 2025 Annual Results Press Conference.
For media enquiries, please contact:
The Hong Kong and China Gas Company Limited
Mr Addie Lam
Assistant General Manager – Corporate Affairs
Tel: 2963 2578 / 9229 7340
Email: addie.lam@towngas.com
Ms May Tam
Assistant Corporate Affairs Manager
Tel: 2963 3475 / 9192 0062
Email: tam.may@towngas.com
Mr Julius Chow
Senior Corporate Affairs Officer
Tel: 2963 3471 / 6969 1360
Email: julius.chow@towngas.com
