CHINA OIL & GAS (00603) announced its annual results for the year ended December 31, 2025. The Group recorded revenue of HK$15.159 billion, a decrease of 14.14% compared to the previous year. Profit attributable to owners of the company was HK$80.719 million, down 55.35% year-on-year. Earnings per share were 1.6 HK cents.

During the year, the Group's natural gas sales and transportation volume decreased by 7.1% compared to the prior year. Natural gas sales volume for the period ending in 2025 was 4.266 billion cubic meters (2024: 4.584 billion cubic meters), a decline of 6.9%. Pipeline transportation volume reached 2.452 billion cubic meters, down 7.3% from the same period last year.

Sales volume to residential customers fell 16.6% to 856 million cubic meters from 1.026 billion cubic meters in the previous year. Usage by industrial and commercial customers was 3.067 billion cubic meters (2024: 3.178 billion cubic meters), a decrease of 3.5%. Consumption at compressed natural gas stations dropped 9.7% to 343 million cubic meters from 380 million cubic meters a year earlier.

The respective proportions of the above usage categories in total sales volume were 20%, 72%, and 8% (2024: 22%, 69%, and 9%).