Clp Holdings Ltd S/Adr (CLPHY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to CLP's 2025 Interim Results Briefing. I'm Marisa Wong, Director of Investor Relations. Joining me today is Chief Executive Officer, Mr. TK Chung, and Chief Financial Officer, Mr. Alex Kaiser. We lodged our 2025 interim results announcement with the Hong Kong Exchange at New Day Today. That announcement, in addition to this presentation, is available on our IR website now. This briefing is also being recorded, which you can also access on our website later. Before we begin, Kasturi, for me to remind you to read the disclaimer on slide two. And for today's briefing, TK will open with a business overview, followed by Alex with the financial results, and then TK will provide his strategic outlook, finished with a Q&A session. So with that, I'll pass it over to TK to begin the briefing. Thanks, TK. Yeah, thank you, Marisa. So good afternoon, everyone. Thanks for joining us. Now as we navigate an accelerating energy transition, shifting market dynamics and heightened geopolitics in the first half of 2025, the group has demonstrated resilience, anchored by the strength of our core Hong Kong business. However, our performance was moderated by specific market headwinds, including downward market tariff evolution in the mainland and strong retail competition in Australia, both of which impacted this half's results. The fundamentals of the business, however, remain strong. Our commitment to operational excellence continues to deliver results. We maintained our track record of excellent reliability in Hong Kong, achieved commercial operation of new energy transition projects in the mainland, and successfully completed the major maintenance overhaul at Mount Piper in Australia, enhancing its flexibility and reliability. We are continuing to...