Century Energy International Holdings Limited reported a sharp contraction in revenue but a significantly narrower loss for the financial year ended 31 March 2026.

Financial performance • Revenue fell 60.0% year on year to HK$267.66 million, reflecting a steep drop in natural-gas trading volumes amid “inverted” gas prices. • Gross profit climbed to HK$9.44 million from HK$1.68 million, supported by lower inventory-related write-downs and a shift away from low-margin gas trades. • Loss attributable to shareholders narrowed 55.6% to HK$11.42 million (FY2025: HK$25.69 million); basic and diluted loss per share improved to 0.42 HK cents from 0.95 HK cents. • Operating loss reduced to HK$5.78 million versus HK$29.82 million a year earlier, aided by a 40.2% cut in administrative expenses to HK$14.00 million.

Segment highlights • Natural-gas trading revenue declined 63.4% to HK$232.42 million, pressured by adverse price dynamics that curbed trading volumes. • Power & data cords and medical control devices sales edged up 6.3% to HK$35.25 million as demand for traditional cables improved. • Mainland China remained the core market, contributing 91.9% of total revenue; the United States accounted for 7.5%.

Balance-sheet snapshot • Cash and bank balances: HK$24.69 million (FY2025: HK$20.93 million). • Total borrowings: HK$84.38 million, of which HK$22.06 million fall due within 12 months. • Net current liabilities: HK$4.84 million; overall net liabilities widened to HK$59.46 million. • Gearing ratio rose to 79.1% from 65.9%.

Going-concern and audit opinion Auditors issued a qualified opinion, citing limitations in verifying prior-year inventory valuations, and highlighted a material uncertainty over the Group’s ability to continue as a going concern due to recurring losses and negative net assets. Major shareholders and a director have provided financial support undertakings, while management pursues cost controls and working-capital improvements.

Capital management and dividends No dividend was declared for FY2026. There were no changes to share capital, no share buy-backs, and no significant acquisitions or disposals during the period.

Outlook Management intends to reinforce its core natural-gas trading and distribution platform, explore international opportunities, and seek acquisitions within the energy sector to enhance competitiveness amid China’s decarbonisation drive.