Towngas reports lower attributable profit by 3% YoY in H1 2025

Core operating profit increased by 4% in the same period.

The Hong Kong and China Gas Company Limited (Towngas) has reported that its profit attributable to shareholders decreased by 3% year-on-year (YoY) to HK$2.96b in the first half of 2025.

During the period, Towngas recorded revenues of HK$27.5b, with after-tax operating profit rising by 3% YoY to HK$3.99b.

Excluding foreign exchange gains and losses on borrowings, the group’s core operating profit increased by 4%.

Towngas maintained an interim dividend of 12 HK cents per share.

In terms of renewable energy businesses, Towngas Smart Energy Company Limited, a subsidiary of the group, recorded growth in its core operating profit to HK$719m, up by 2%.

The green methanol business achieved several breakthroughs in H1 2025, including the establishment of VENEX in a joint venture with Foran Energy.

The group also said that it is forming strategic partnerships with the Hong Kong government and industry partners in green methanol production, storage, bunkering and trading. These activities support Hong Kong’s development as a green maritime fuel hub.