GREEN ENERGY GP (00979) Announces Annual Results: Loss Attributable to Shareholders Narrows by 20.04% Year-on-Year to HK$12.821 Million

GREEN ENERGY GP (00979) has announced its annual results for the year ended 30 June 2026, with revenue from continuing operations of HK$152 million, representing a year-on-year increase of 120.13%; loss attributable to shareholders of HK$12.821 million, narrowing by 20.04% year-on-year; basic loss per share of 0.95 HK cents. The announcement stated that the increase in revenue was mainly attributable to the income generated from the Group's new AI chip business segment and the trading of electronic components during the 2026 financial year. The decrease in net loss was mainly due to an increase in the gross profit margin of the Group's renewable energy business segment during the 2026 financial year amid rising market prices for waste cooking oil; a reduction in the net loss of the plastic recycling business of approximately HK$1.1 million following the suspension of operations at the German processing plant in August 2025; and the newly launched AI chip trading business generating a net profit of approximately HK$2.2 million during the 2026 financial year.