China Gas Holdings Full Year 2025 Earnings: Misses Expectations

China Gas Holdings (HKG:384) Full Year 2025 Results

Key Financial Results

• Revenue: HK$79.3b (down 2.6% from FY 2024).
• Net income: HK$3.25b (up 2.1% from FY 2024).
• Profit margin: 4.1% (up from 3.9% in FY 2024). The increase in margin was driven by lower expenses.
• EPS: HK$0.60 (up from HK$0.59 in FY 2024).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

China Gas Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 14%.

The primary driver behind last 12 months revenue was the Sales of Natural Gas segment contributing a total revenue of HK$49.0b (62% of total revenue). Notably, cost of sales worth HK$68.0b amounted to 86% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$3.11b (39% of total expenses). Explore how 384's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Gas Utilities industry in Hong Kong.

Performance of the Hong Kong Gas Utilities industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with China Gas Holdings (at least 1 which is concerning), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.