Perennial Energy Swings to Loss as Revenue Falls 29% in 2025

MT Newswires Live

03/25

Perennial Energy (HKG:2798) posted a loss of 197.8 million yuan for 2025, compared with a profit of 440.2 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.

Shares of the coal company were down nearly 2% in Wednesday morning trade.

The company attributed the loss to a number of factors, including a reduction in the global market prices for coal products.

Loss per share came in at 0.1236 yuan, compared with earnings per share of 0.2751 yuan a year earlier.

Revenue fell 29% to 1.21 billion yuan from 1.71 billion yuan amid a decline in the average market prices of coal products.

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