VPower FY25 loss attributable to owners narrows 13.6% to HK$201.5 million

• VPower posted a net loss attributable to owners of HK$ 201.46 million for 2025, narrowing 13.6%.
• Revenue fell 20.9% to HK$ 1.2 billion, driven by a 58.9% drop in SI revenue to HK$ 248.01 million.
• Gross profit slid 29.7% to HK$ 204.89 million, with gross margin down 2.2 percentage points to 17%.
• IBO revenue rose 4% to HK$ 954.64 million on growth in Brazil and Indonesia, while management said Myanmar joint venture restored a large part of generation capacity and is expected to return to profitability.
• Outlook: VPower said it will pursue targeted IBO expansion in Central Asia, Brazil and Indonesia while rebuilding SI execution through more targeted capital investment and tighter supplier partnerships.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VPower Group International Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260424-12123463), on April 24, 2026, and is solely responsible for the information contained therein.