Power Assets Holdings ( (HGKGY) ) has released its Q4 earnings. Here is a breakdown of the information Power Assets Holdings presented to its investors.
Power Assets Holdings Limited is a global energy investment company, primarily focused on regulated utility and energy-related businesses, with a diverse portfolio spanning multiple countries.
Power Assets Holdings Limited reported a robust financial performance for the year 2024, with a net profit increase of 2% to HK$6,119 million, despite global economic challenges. The company maintained its dividend payout, reflecting stable shareholder returns.
Key financial highlights include a 5% growth in profit contributions from international businesses and a strategic expansion through acquisitions, such as Phoenix Energy and UK Renewables Energy, enhancing its portfolio with steady revenue streams. The company’s UK operations delivered significant contributions, while the Australian and Canadian portfolios provided stable returns.
The company’s strong financial foundation, characterized by a net cash position and a low gearing ratio, supports its growth strategy. Power Assets remains well-positioned to capitalize on new opportunities, backed by a solid credit rating and a focus on sustainable energy investments.
Looking ahead, Power Assets Holdings aims to continue expanding its portfolio with high-quality, regulated energy assets globally, with a focus on sustainability and strategic partnerships, ensuring long-term value for shareholders.