Towngas Smart Energy Posts $1.58B 2025 Profit as Gas Sales Climb

Rising industrial and commercial gas demand drove higher profits.

Towngas Smart Energy Company Limited reported a profit attributable to shareholders of about $1.58b for the financial year 2025, according to its financial statement.

The group’s revenue reached $20.91b, whilst core operating profit stood at $1.57b. The Board of Directors recommended a final dividend of 14 cents per share, bringing the total dividend for the year to 19 cents per share, following an interim dividend of 5 cents.

City-gas sales volume grew 1% to 17.37 billion cubic metres, supported by expanded gas applications in industrial and commercial markets and increased pipeline gas adoption in older residential communities.

The dollar margin for this segment rose 2.3 cents (RMB2 cents) to $0.66 (RMB0.58) per cubic metre.

In the renewable energy sector, the group added 500 MW of distributed photovoltaic grid-connected capacity, bringing total grid-connected installed capacity to 2.8 GW by the end of 2025.

Photovoltaic power generation rose 36% to 2.48 billion kWh, whilst power trading volume reached 8.4 billion kWh.

Financial operations included the issuance of the second and third phases of Quasi-REIT products, with cumulative Assets under Management financing reaching $3.98b (RMB3.5b).

These measures restructured cash flows and supported the group’s asset-light model, the financial statement noted.

Under the national 15th Five-Year Plan, Towngas Smart Energy plans to integrate artificial intelligence, big data, and automation technologies into its operations.

The group will also participate in establishing standards for 100 national zero-carbon parks to support goals for a new energy system.

(HK$1 = RBM0.88)