Yanchang Petroleum expects a loss of around HKD 780 million for the year ended 31 December 2025, versus a profit of around HKD 56 million a year earlier. The company cited an average WTI crude oil price of around USD 66 per barrel in 2025, down from around USD 77 per barrel in 2024. It also attributed the shift to lower revenue and gross profit, plus impairment losses on Canadian oil and gas assets and on goodwill and other non-current assets tied to its China refined oil trading business. Yanchang Petroleum also recorded provisions for bad debts in its China refined oil and by-products trading business.

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