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EarningsQ2 2026 Earnings Report
CLPHY Q2 2026 EPS Results
Actual EPS$0.28
Consensus EPS―
Beat/Miss―
One Year Ago EPS$0.26
CLPHY Q2 2026 Revenue Results
Actual Revenue$5.48B
Expected Revenue―
Beat/Miss―
YoY Revenue Growth-0.40%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
CLPHY Upcoming Earnings
CLP Holdings's next earnings date is estimated for October 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CLPHY Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a broadly positive operational and financial performance: solid year-on-year growth in key earnings metrics, strong Hong Kong regulated performance, progress on decarbonization (Jhajjar sale), capital markets access (Panda bond) and advancing transformation programs. However, material near-term headwinds persist in the Chinese Mainland (higher curtailment and tariff pressure), softer wholesale markets and intense retail competition in Australia, a safety incident requiring remediation, and timing-driven cash outflows. Overall, the positive earnings momentum, strategic milestones and financial resilience outweigh the operational and market challenges.Company Guidance
Strong earnings growth
EBITDAF increased 9% year-on-year to HKD 13.6 billion; operating earnings before fair value movements rose 10% to over HKD 5.7 billion; total earnings (adjusted) increased 7% to nearly HKD 6.0 billion (including gain on sale of Jhajjar).
Hong Kong business resilience and investment
Hong Kong operating earnings up 6% to HKD 4.8 billion; local electricity sales rose 3.6% while data center demand grew close to 12%; invested HKD 4.8 billion of CapEx (majority in transmission & distribution) and the HKD 52.9 billion five-year development plan remains on track.
Dividend maintained
Board recommended second interim dividend of HKD 0.63 per share, bringing total interim dividends to HKD 1.26 per share (unchanged year-on-year), supporting shareholder returns continuity.
Portfolio progress and capital discipline
Completed strategic divestment of Jhajjar coal plant (decarbonization milestone); CLP China issued inaugural RMB 1 billion Panda Bond to fund renewables; active refinancings across businesses and ~HKD 20 billion of available liquidity.
Regional operating improvements
Energy Australia operating earnings rose 22% to HKD 223 million driven by retail recovery; Apraava (India) operating earnings increased 41% to HKD 105 million (partly aided by one-off items); smart metering scaled to ~3.7 million meters installed.
Operational cost and efficiency gains
Corporate cost allocation optimization reduced unallocated expenses by 17%, representing the fourth consecutive year of savings; transformation programs targeting material recurring benefits across the group.
Transformation and growth programs advancing
Energy Australia transformation targeting ~HKD 250 million of enterprise cost savings by 2027; CLP China transformation targeting ~HKD 100 million of savings; pipeline development: close to 1 GW in execution in China and ~1 GW flexible capacity development in Australia.
Flexible capacity and energy transition investment
Orana Battery reached commercial operations (200 MW); Hallett and Wooreen batteries under construction; advancing nearly 1 GW of battery and pumped hydro projects to support market transition and future earnings resilience.
Strong financial footing and ratings
Net debt broadly in line with prior comparable period after dividend cycle; successful refinancing transactions (HKD ~9 billion for SoC business, AUD 600 million syndicated for Energy Australia); S&P and Moody's reaffirmed investment-grade ratings with stable outlooks.
Cash generation and capital allocation
Cash inflows of HKD 8.8 billion (up HKD 1.7 billion) driven by higher EBITDAF and proceeds from Jhajjar; group deployed HKD 7.0 billion of CapEx in the period (HKD 5.3 billion to Hong Kong SoC and HKD 1.6 billion to China renewables).
CLPHY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed