EB Environment (HK: 00257) has released its interim results for the 2026 fiscal year, showing a modest revenue decline but a solid increase in profitability. The company reported revenue of HK$14.181 billion, a year-on-year decrease of 1%, while profit attributable to equity holders rose 10% to HK$2.431 billion. Basic earnings per share stood at 39.58 HK cents, with an interim dividend of 16.0 HK cents per share declared.
Breaking down the revenue streams, operating service revenue reached HK$10.755 billion, marking an 8% increase compared to the first half of 2025. Construction service revenue, however, experienced a significant drop of 54% to HK$853 million. The revenue mix now consists of 76% from operating services, 6% from construction services, and 18% from financial income, with the share of operating services continuing its upward trajectory, further cementing the success of the company's income structure transformation.
As of June 30, 2026, the group's operations had expanded to 24 provinces, autonomous regions, and municipalities directly under the central government in China, plus one special administrative region, covering 228 cities and counties. Overseas, the company has established a presence in 20 countries, including Germany, Poland, Vietnam, and Uzbekistan. The group has invested in a total of 603 environmental protection projects, with cumulative investment of approximately RMB 164.506 billion. Additionally, it has taken on various asset-light businesses such as environmental remediation, waste sorting, design consulting, equipment supply, and technical services.
Within its environmental energy and green environmental protection divisions, the group has implemented 196 waste-to-energy projects with a combined designed daily processing capacity of 163,050 tonnes of domestic waste, including entrusted operation capacity. During the review period, the group focused on refined operations, simultaneously enhancing quality and efficiency while providing targeted support, resulting in continued improvement in operational performance.
In the environmental energy segment, waste intake volume, on-grid electricity, and heating and steam supply all grew year-on-year by approximately 2%, 2%, and 11%, respectively, compared to the first half of 2025. One waste-to-energy project received approval for a processing fee increase. The environmental water division saw wastewater treatment volume and reclaimed water treatment volume rise by 6% and 3% year-on-year, respectively, with two wastewater treatment plants securing approval for higher water tariffs. In the green environmental protection segment, waste intake, biomass raw material processing, and heating and steam supply increased by 2%, 4%, and 19%, respectively, against the same period last year.
Concurrently, the group has adhered to the principles of classified measures, targeted assistance, addressing both symptoms and root causes, and long-term management, steadily advancing special initiatives for low-quality and low-efficiency projects to boost their operational profitability. In terms of engineering construction, the group commissioned 12 new projects and completed 4 projects during the reporting period. It also finished and delivered 4 environmental remediation services, initiated construction on 10 new projects, and commenced 5 new environmental remediation service contracts.