Kunlun Energy (00135) announced its interim results for 2025, achieving natural gas sales volume of 29.095 billion cubic meters, representing a year-on-year increase of 10.05%. Revenue reached RMB 97.543 billion, up 4.97% year-on-year. Profit attributable to shareholders stood at RMB 3.161 billion, declining 4.36% year-on-year. Earnings per share were 36.51 cents, with an interim dividend of 16.6 cents per share declared.

The company actively responded to evolving dynamics in the gas industry by establishing extensive joint ventures and partnerships with other gas companies, continuously implementing new city gas projects to broaden opportunities for long-term development. During the first half, the company added 5 new city gas projects across 3 provinces: Inner Mongolia, Shandong, and Guizhou.

Natural gas sales volume reached 29.095 billion cubic meters, up 10.05% year-on-year, of which retail gas volume totaled 16.666 billion cubic meters, increasing 2.23% year-on-year. The company added 398,800 new customers, comprising 389,800 residential users and 9,000 commercial and industrial users, bringing total customers to 16.8526 million.

In the first half, natural gas sales business generated revenue of RMB 80.078 billion, up 6.06% year-on-year, while pre-tax profit was RMB 4.477 billion, down 10.55% year-on-year.

For the same period, LPG sales volume reached 3.0684 million tons, up 4.87% year-on-year, generating revenue of RMB 13.020 billion, up 1.03% year-on-year. Pre-tax profit from LPG operations was RMB 544 million, down 3.03% year-on-year.

LNG processing and storage operations achieved revenue of RMB 4.371 billion, down 1.58% year-on-year, while pre-tax profit increased 11.41% year-on-year to RMB 1.836 billion.