CLP Holdings, one of the city's two power utility firms, on Thursday reported that its earnings declined by about 11 percent year on year in 2025, while revenues slid three percent - partly due to its weaker performances in Australia and on the mainland.

The group noted that total profits for last year decreased to HK$10.47 billion, down by 10.8 percent from a year earlier, while operating profit, or earnings excluding fair value changes, stood at HK$10.69 billion, 2.4 percent lower year on year.

The group said its businesses in Hong Kong remained "strong" last year, with operating earnings rising by seven percent year on year, on solid operations and continued capital investments in the lower interest rate environment.

But operating earnings from its subsidiary, EnergyAustralia, plunged 86 percent as its power stations generated lower volumes amid a competitive market as well as rising coal costs.

Meanwhile, earnings from the mainland slid 14 percent year on year, partly due to lower tariffs at the Yangjiang nuclear power station.

There was also a one-off impairment from its subsidiary, Apraava Energy, in the Indian market.

The group's total revenues stood at HK$88 billion for 2025, down by 3.2 percent year on year.

The group declared its fourth interim dividend to be at HK$1.31 per share, bringing the annual total to HK$3.2 per share, up 1.6 percent from a year earlier.

Looking ahead, CLP said it will continue investing in Hong Kong's electricity system to support overall growth as well as infrastructure development in the Northern Metropolis, while assisting the SAR to transition to a low carbon economy.



Edited by Thomas McAlinden