GREEN ENERGY GP (00979) announced its annual results for the year ended June 30, 2025, reporting revenue from continuing operations of approximately HK$68.887 million, down 2.73% year-over-year. The company recorded a net loss attributable to owners of HK$16.034 million, representing a 12.02% increase compared to the previous year, with basic loss per share of HK1.18 cents.

According to the announcement, the revenue decline was primarily attributed to reduced income from the group's renewable energy business segment during fiscal year 2025. The increase in net loss was mainly due to decreased revenue and margin compression in the renewable energy business segment, as well as impairment provisions for property, plant and equipment related to the plastic recycling business recorded in fiscal 2025, which were not recognized in fiscal 2024.

During fiscal year 2025, surging and volatile international freight costs led to order cancellations from the group's renewable energy business customers in Europe, while the segment's gross profit margin was also eroded by rising raw material procurement and local transportation costs.

Throughout fiscal year 2025, the performance of both the group's construction waste and disposal services business, as well as its plastic recycling and metal waste business in Germany, deteriorated due to increased staff and energy costs.