China Oil And Gas Group Limited (CLSZF) Q2 2026 Earnings Call August 30, 2026 11:00 PM EDT
Company Participants
Yin Shan Law – Chief Financial Officer
Conference Call Participants
Don Yew
Xiang Gao – BofA Securities, Research Division
Presentation
Operator
Good morning, ladies and gentlemen. Welcome to the conference call. Ruby, please begin your call, and I’ll be standing by for the Q&A.
Unknown Executive
Good morning, ladies and gentlemen. On behalf of China Oil and Gas Group, it is a pleasure for me to welcome you all to our 2026 interim results conference call. Today, our Chief Financial Officer, Ms. Jenny Law, will present the group’s 2026 interim results, and she will answer any questions you may have after that presentation. Our presentation material for today has been uploaded to our official website at www.hk603.com under Investor Relations and then Roadshow Presentation or you can also access it through the link attached in our announcement e-mail. We will first talk about the financial highlights and performance of the group, followed by the operating performance of our core business, natural gas distribution business and then our upstream oil and gas production business in Canada. The presentation will take around 10 minutes. Then we will have a Q&A session at the end.
Yin Shan Law
Chief Financial Officer
Thank you, Ruby. Good morning, everyone. Let’s start with the PPT. First, let’s look at the group’s core financial highlights. In the first half of 2026, the group gross profit reached HKD 1,093 million, up 11% year-on-year. Benefiting from improved purchase sales margins, the overall gross profit margin rose from 12% in the same period last year to 14%. EBITDA stood at HKD 1,160 million, representing a 3% year-on-year increase. As of June 30, 2026, net assets amounted to HKD 8,000 million, a 3% rise compared with HKD 7,755 million at the end of 2025. The shareholders’ equity base remains solid.