Hong Kong and China Gas's (0003) net profit inched down 0.4 percent year-on-year to HK$5.69 billion in 2025, and maintained a final dividend of 23 HK cents, bringing the total dividend of 35 HK cents, unchanged from a year ago.
Its after-tax operating profit and core operating profit were HK$7.5 billion and HK$6 billion, respectively, representing increases of 2 percent and 4 percent.
Managing director and executive director Peter Wong Wai-yee said the company faces pressure to raise gas tariffs in 2026 due to rising inflation over the past two years, along with preliminary investments in the Northern Metropolis and increasing labor costs.
The exact hike and timing remain uncertain, and the company is actively communicating with the government, he added.
In 2025, its revenue fell 2 percent to HK$54.3 billion, partly dragged down by a decrease in new household gas connections due to the ongoing downturn in the mainland property market.
Residential gas consumption in Hong Kong recorded an increase of 2.4 percent, as a result of more frequent typhoons and cooler autumn weather.
As changes in local consumption patterns continued to exert pressure on Hong Kong retail and food and beverage businesses, commercial and industrial gas consumption fell 2.6 percent.
Hong Kong's gas sales volume remained stable at 27.2 billion megajoules, while gas sales in the mainland were flat at 36.3 billion cubic metres.
The company, also known as Towngas, said it will continue to advance its twin-engine strategy, with the utility business remaining the profit stabiliser, while its“sea, land and air” green fuel businesses and renewable energy will serve as engines of future growth.
