China Everbright Water Limited · SGX:U9E
China Everbright Water — FY2025 Earnings Presentation
22 slides from China Everbright Water's earnings presentation, Feb 27, 2026
Slide 1: FY2025 Annual Results Presentation
FY2025 Annual Results Presentation February 2026 China Everbright Water Limited
Slide 2: Forward-looking Statement
Forward-looking Statement This presentation may contain forward-looking statements. Any such forward-looking statements are based on a number of assumptions about the operations of China Everbright Water Limited (“Everbright Water” or the “Company”, together with its subsidiaries, collectively the “
Slide 3: Table of Contents
Operating Results Table of Financial Review Contents Business Prospects 3
Slide 4: 01 Operating Results
E KHAKB EVERBRIGHT WATER 01 OPERATING RESULTS
Slide 5: Stable Operational Indicators
Stable Operational Indicators Revenue Gross Profit (HK$’000) (HK$’000) 6,851,918 22% 10% 5,355,110 2,617,462 2,357,921 2024 2025 2024 2025 Earnings before Interest, Taxes, Profit Attributable to Depreciation and Amortisation（EBITDA） Equity Holders of the Company (HK$’000) (HK$’000) 2,197,255 1,934,6
Slide 6: Market Expansion Powered by Multiple Drivers
Market Expansion Powered by Multiple Drivers In 2025, Everbright Water adopted a balanced strategy focused on “optimising existing assets, achieving incremental breakthroughs and developing new business areas”. It advanced both traditional and emerging business lines while strengthening the synergy
Slide 7: Steady Consolidation of Business Scale
Steady Consolidation of Business Scale# Business Footprint Total Number of Projects The Group had a business The Group invested in and presence in over 60 districts, held 172 projects and counties and cities across 13 undertook various asset-light provinces, autonomous businesses, including 16 O&M r
Slide 8: Steady Improvement in Operational Quality and Efficiency
Steady Improvement in Operational Quality and Efficiency In 2025, Everbright Water aligned proactively with the industry trend of “Operational Excellence Is King”, and continued to place refined management at the core of its operations. With cost control and revenue growth as key drivers, it further
Slide 9: Technological Innovation Driving Development
Technological Innovation Driving Development In 2025, Everbright Water continued to drive technological innovation in the “water-related” field, focusing on addressing business development and operational challenges, introducing new technologies, and strengthening the related technological pipeline.
Slide 10: Financial Resilience Empowering Growth
Financial Resilience Empowering Growth In January 2025, the Company completed the issuance of the 2025 first tranche medium-term notes (“MTN”) in the Chinese Mainland, with an issuance amount of RMB1.5 billion In 2025, Everbright Water and an interest rate of 1.78%, setting the lowest interest rate
Slide 11: 02 Financial Review
E KHAKB EVERBRIGHT WATER 02 FINANCIAL REVIEW
Slide 12: Financial Review
Financial Review Revenue EBITDA (HK$’000) (HK$’000) 6,912,371 6,727,967 6,704,684 6,851,918 5,355,110 2,469,511 2,245,235 2,180,523 2,197,255 1,934,630 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Profit Attributable to Equity Holders Basic Earnings per Share of the Company (HK$’000) (HK cents)
Slide 13: Financial Review
Financial Review Total Assets Gearing Ratio (HK$’000) 38,218,241 60.1% 61.1% 60.7% 61.0% 60.7% 35,889,362 34,220,661 32,969,256 33,446,151 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Equity Attributable to Equity Holders Return on Shareholders’ Equity of the Company (HK$’000) 12,835,487 10.7%
Slide 14: Financial Review
Financial Review Full Year Ended 31 December Year-on-Year (HK$’000) (“YoY”) Change 2025 2024 (increase/(decrease)) Revenue 5,355,110 6,851,918 (22%) Gross Profit 2,357,921 2,617,462 (10%) Gross Profit Margin (%) 44 38 6 ppt* EBITDA 1,934,630 2,197,255 (12%) Profit Attributable to Equity Holders of t
Slide 15: Financial Review
Financial Review As at As at As at As at As at (HK$’000) 31/12/2025 31/12/2024 31/12/2023 31/12/2022 31/12/2021 Total Assets 38,218,241 35,889,362 34,220,661 33,446,151 32,969,256 Total Liabilities 23,183,850 21,897,684 20,768,319 20,445,273 19,806,024 Equity Attributable to Equity Holders of the Co
Slide 16: Financial Review
Financial Review As at As at YoY Change (HK$’000) 31/12/2025 31/12/2024 (increase/(decrease)) Short-term Borrowings 6,460,611 4,181,329 55% Long-term Borrowings 10,863,124 12,208,281 (11%) Total Borrowings# 17,323,735 16,389,610 6% Current Ratio (%) 117 132 (15ppt)* Unutilised Banking Facilities 5,5
Slide 17: Financial Review: Revenue Analysis by Categories
Financial Review Revenue Analysis by Categories (HK$’000) for the Full-year Period 2,967,743 2,646,298 2,820,981 1,088,540 1,103,140 1,097,011 287,628 195,687 2024 2025 2024 2025 2024 2025 2024 2025 Construction service revenue Operation income Finance income Sales of machineries and technical servi
Slide 18: Financial Review: Proportion of Revenue by Category
Financial Review Proportion of Revenue in Each Category for the Full-year Period Construction service revenue Construction service revenue 38.6% of total 20.3% of total Operation income Operation income Sales of machineries and technical service income Sales of machineries and 41.2% of total 55.4% o
Slide 19: 03 Business Prospects
E KHAKB EVERBRIGHT WATER 03 BUSINESS PROSPECTS
Slide 20: Harnessing New Momentum for a New Chapter
Harnessing New Momentum for a New Chapter The year 2026 marks the start of China’s “15th Five-year Plan”. Looking ahead, Everbright Water will adopt a strategic perspective, and proactively identify, assess and seize opportunities in both China and the global environmental protection industry, parti
Slide 21: Harnessing New Momentum for a New Chapter
Harnessing New Momentum for a New Chapter To Draw To Draw Second-stage To Draw Long-term Strategic Direction Entrepreneurship Talent Empowerment Blueprint Breakthrough Roadmap Roadmap The Group will transform strategic The Group will concentrate The Group will strengthen the advantages into tangible
Slide 22: Dedicated to Clean Water
Etre DEDICATED TO CLEAN WATER
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