HK Electric profit up to $3.15b in 2025 as supply reliability remains high

The 2025 results show under 30 seconds of unplanned downtime per customer as gas output hits 69%.

HK Electric posted profits attributable to holders of Share Stapled Units (SSU) of $3.15b for 2025, up from $3.11b in 2024, with EBITDA reaching $8.75b.

The company declared a total annual distribution of 32.03 cents per SSU, unchanged from 2024, payable in April 2026, according to its 2025 annual results filed with Hong Kong Exchanges and Clearing Limited.

The company advanced its 2024 to 2028 Development Plan, including the L13 gas-fired combined-cycle unit and three new oil-fired open-cycle gas-turbine units with gas-fired generation accounting for approximately 69% of total electricity output, whilst renewable energy installations contributed around 16 GWh.

HK Electric maintained supply reliability above 99.99%, or less than half a minute of unplanned interruption per customer. Smart meters are now deployed across its customer base, and digital channels handle around 40% of customer transactions.

Looking ahead, the company noted that its Net Tariff fell 2.2% year on year in January 2026 to 163.3 cents per unit due to a lower Fuel Clause Charge.

HK Electric continues to expand gas-fired generation, support electric vehicle infrastructure, and advance decarbonisation initiatives in Hong Kong.