Power Assets (6) H1 2026 earnings summary

Executive summary

• Profit for the six months ended 30 June 2026 surged 383% year-over-year to HK$14,704 million, driven by the divestment of UK Power Networks and UK Rails, resulting in significant accounting gains and cash inflows.

• Interim dividend maintained at HK$0.78 per share, payable on 22 September 2026.

• The Group's net cash position reached HK$42,505 million as of 30 June 2026, supporting future investments and acquisitions.

Financial highlights

• Revenue for the period was HK$298 million, with a gain on disposal of a joint venture of HK$11,286 million.

• Earnings per share rose to HK$6.90 from HK$1.43 year-over-year.

• Total comprehensive income attributable to shareholders was HK$16,753 million, up from HK$6,189 million in the prior year.

• Net assets increased to HK$103,130 million from HK$90,725 million at year-end 2025.

Outlook and guidance

• The Group will continue to focus on regulated assets in mature energy markets and pursue opportunities in renewables and sustainable energy.

• Strong cash position and financial platform enable consideration of new investments, with strict adherence to investment criteria.