Green Energy Group Limited (Green Energy GP) issued a profit alert indicating a narrower loss for the fiscal year ended 30 June 2026 (FY2026). Management estimates an attributable net loss of HK$11.00 million to HK$14.00 million, improving from the HK$16.00 million loss recorded in FY2025.
The Board attributes the reduced deficit to three factors:
1. Renewable Energy Segment: Higher market prices for used cooking oil lifted segment profit margins.
2. Plastic Recycling: Suspension of the German processing plant in August 2025 curtailed operating losses.
3. AI Chip Trading: The newly launched business line generated an operating profit during FY2026.
Figures are based on unaudited management accounts and remain subject to review by the audit committee and independent auditor. Final FY2026 results are scheduled for release in late September 2026.
The company advises shareholders and potential investors to exercise caution when dealing in its shares until audited results are announced.