Green Energy Group (00979) Posts Annual Results: Shareholder Loss Narrows 20.04% to HK$12.821 Million

Stock News

Sep 29

Green Energy Group (00979) has released its annual results for the year ended 30 June 2026, with revenue from continuing operations reaching HK$152 million, up 120.13% year-on-year; shareholder-attributable loss narrowed 20.04% year-on-year to HK$12.821 million; basic loss per share was 0.95 HK cents.

The announcement stated that the increase in revenue was mainly attributable to income generated during the 2026 financial year from the group's new AI chip business segment and trading of electronic components.

The reduction in net loss was primarily due to an increase in gross profit margin in the group's renewable energy business segment during the 2026 financial year amid rising market prices for waste cooking oil; with the suspension of operations at the German processing plant in August 2025, the net loss from the plastic recycling business decreased by approximately HK$1.1 million; and the newly launched AI chip trading business generated a net profit of approximately HK$2.2 million during the 2026 financial year.

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