Green Energy Group (979) Announces 2024/25 Annual Results

Bulletin Express
Oct 30

Green Energy Group Limited (Stock Code: 979) reported revenue of approximately HK$68.9 million from continuing operations for the financial year ended 30 June 2025, reflecting a 2.7% decrease compared to HK$70.8 million in the previous year. The net loss attributable to owners reached around HK$16.0 million, representing an 11.9% increase from the loss of approximately HK$14.3 million recorded a year earlier. The company attributed this higher net loss primarily to reduced income and profit margin in its renewable energy segment and a provision for impairment loss on property, plant and equipment in its plastic recycling business.

In terms of segments, the renewable energy segment contributed around HK$59.9 million in revenue. The company noted factors such as international freight rate volatility and higher feedstock costs diminishing profit margins. The waste construction materials and processing service segment generated around HK$4.5 million. Meanwhile, the plastic recycling/metal scrap business recorded about HK$2.8 million in revenue, with an approximate HK$6.2 million net loss. Management cited higher energy and labor costs, plus an impairment provision, as causes for the wider segment loss.

The money lending business was discontinued in November 2024 after disposing of its subsidiary. Revenue of about HK$0.1 million from that former operation is separately classified. The company noted no significant violations of environmental or safety regulations during the reporting period. Management also highlighted strategies to mitigate uncertainty in costs—particularly in raw materials and logistics—and underscored the emphasis on emissions control and occupational safety across various plants to fulfill environmental, social, and governance objectives.

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