GREEN POWER GP (Green Power Group Limited) released its unaudited results for the six months ended 30 June 2026.
Financial Performance • Revenue climbed 76.6% year on year to HK$118.96 million, driven by stronger contributions from both the BMU Systems Business and the Green Power Energy Business.
• Gross profit surged to HK$18.36 million (1H 2025: HK$1.88 million), lifting gross margin to 15.4% from 2.8%.
• Period loss decreased to HK$18.02 million, compared with HK$24.39 million a year earlier. Basic loss per share narrowed to 1.63 HK cents from 3.31 HK cents.
Segment Highlights • BMU Systems Business: Revenue increased 68.0% to HK$72.43 million, reflecting the completion of projects deferred from 2025.
• Green Power Energy Business: Turnover rose 91.3% to HK$46.54 million. Within this segment: – Renewable energy solutions in New Zealand contributed HK$43.27 million, up 62.8%. – AI+ electricity trading in mainland China reported HK$3.26 million, reversing a negative HK$2.25 million in 1H 2025.
Balance Sheet and Liquidity • Cash and cash equivalents plus pledged and restricted deposits totalled HK$88.39 million (31 Dec 2025: HK$83.36 million).
• Total borrowings stood at HK$47.83 million; the gearing ratio increased to 43.1% from 37.5% at end-2025, mainly due to higher short-term borrowings.
• Unutilised banking facilities amounted to HK$102.60 million, of which HK$43.20 million require 1:1 deposit pledges.
Operating and Strategic Updates • The company advanced its 218 MW/436 MWh energy-storage project in Shaoguan, Guangdong, and signed a cooperation framework with LONGi Group to support Southeast Asia and Oceania expansion.
• Planned overseas growth includes rooftop and ground-mounted solar projects of 70–100 MW in Vietnam and a 40 MW aquavoltaics project in the Philippines, targeting 10–20 GW of installed capacity across Southeast Asia within five years.
• The BMU Systems Business continues to monitor Hong Kong’s construction market amid persistent uncertainties.
Capital Movements • No share placements, buy-backs or redemptions occurred during the period. • Total shares in issue remained at 1.017 billion following the 2025 placements and share subscription that converted shareholder loans to equity.
Dividends • The board declared no interim dividend for 1H 2026 (1H 2025: nil).
Subsequent Event • On 14 July 2026 the company’s name was officially changed to “Green Power Group Limited” (Chinese: 綠色電能集團有限公司).
Auditor & Governance • The interim results were reviewed by the Audit Committee comprising all three independent non-executive directors. • The company reported full compliance with the Hong Kong Corporate Governance Code and directors confirmed adherence to the Model Code for securities transactions.