HK Electric Investments (2638) saw its net profit rise 1.2 percent year-on-year to HK$3.15 billion last year and declared a final dividend of 16.09 HK cents.
Combined with the interim dividend, the company distributed 32.03 HK cents per share, unchanged from the prior year.
Its revenue inched up 0.56 percent to HK$12.13 billion from a year before.
HK Electric's net tariff fell by 2.2 percent to 163.3 HK cents per unit in January, driven by a lower fuel clause charge, despite an increase in the basic tariff reflecting ongoing capital investment.
The company said it will concentrate on managing tariffs carefully in order to balance affordability, reliability, and long-term sustainability.
Given the rapid increase in electric vehicle adoption in Hong Kong, the firm is exploring initiatives such as a time-of-use tariff to encourage home charging of EVs during off‑peak periods, it added.
Chairman Canning Fok Kin-ning said 2025 marked the second year of our 2024 - 2028 Development Plan and the transition from planning to intensive implementation, with the firm completing piling works, advancing major civil works for L13, and initiating detailed design and manufacturing of plant equipment during the year.
He noted that the unit is on track for commissioning in early 2029, which will increase HK Electric's proportion of gas-fired generation to about 80 percent when completed, thereby further reducing carbon emissions.
