Envision Greenwise (1783) investor relations material

Executive summary

• Revenue surged 183.1% year-over-year to HK$2,462.1 million, driven by strong growth in reverse supply chain management and environmental-related services, particularly in China due to favorable policies and robust demand for industrial materials.

• Net profit attributable to owners reached HK$60.9 million, reversing a loss of HK$15.7 million in the prior year.

• Adjusted EBITDA more than doubled to HK$98.0 million from HK$44.8 million.

• Board recommended a final dividend of HK$0.01 per share, subject to shareholder approval.

Financial highlights

• Gross profit increased 91.6% to HK$196.8 million; gross margin decreased to 8.0% from 11.8% due to normalization after prior cost control gains.

• Basic and diluted EPS were HK2.17 cents, compared to a loss per share of HK1.22 cents last year.

• Operating expenses rose 4.6% to HK$126.8 million, mainly from higher selling/distribution and admin costs, partially offset by lower share-based payment expenses.

• Cash and cash equivalents plus pledged deposits totaled HK$229.8 million; current ratio stable at 1.7.

• Gearing ratio improved to 0.7% from 1.7% year-over-year.

Outlook and guidance

• Management is optimistic about continued expansion in reverse supply chain management and environmental services, leveraging global sustainability trends and stricter environmental policies.

• Anticipates further business scale growth, especially with new projects and international cooperation.