TENGY ENV (01527) has issued a profit warning, expecting the mid-term net profit to increase approximately 698.36% year-on-year to about 126 million yuan.

TENGY ENV (01527) announced that compared to the groups net profit of approximately RMB 15.84 million for the six months ending June 30, 2025, it is expected that the net profit for the six months ending June 30, 2026, will increase by approximately 698.36% to about RMB 126 million. The announcement stated that the increase in net profit is mainly due to the rise in revenue during the reporting period, primarily resulting from the completion and revenue recognition of several large projects during the reporting period, as well as a reduction in financing costs and other expenses.