Envision Greenwise (1783) H2 2025 earnings summary

Executive summary

• Revenue surged 92.3% year-over-year to HK$869.7 million, driven by strong growth in reverse supply chain management and environmental-related services, offsetting a decline in superstructure building and RMAA works.

• Gross profit rose 266.8% to HK$102.7 million, with gross margin improving to 11.8% from 6.2% due to higher profitability in the environmental segment and better cost control.

• Loss attributable to owners narrowed significantly to HK$15.7 million from HK$78.9 million, reflecting improved operational performance.

• Adjusted EBITDA turned positive, reaching HK$44.8 million from a loss of HK$40.1 million, indicating a substantial turnaround.

• No final dividend was recommended for the year.

Financial highlights

• Revenue: HK$869.7 million (up 92.3% year-over-year).

• Gross profit: HK$102.7 million (up 266.8% year-over-year); gross margin: 11.8%.

• Loss attributable to owners: HK$15.7 million (down from HK$78.9 million loss).

• Adjusted EBITDA: HK$44.8 million profit (from HK$40.1 million loss).

• Basic and diluted loss per share: HK1.22 cents (improved from HK6.61 cents loss per share).

Outlook and guidance

• Management is optimistic about future growth, especially in reverse supply chain management and environmental-related services, expecting continued business expansion.

• Ongoing investments in EcoPark and collaborations with European partners are expected to drive further scale.