MI Energy (01555.HK) 2025 oil sales revenue decreased 21.3% year-over-year to 706.1 million yuan

NightAirdropper · 2026-03-23T12:29:51+00:00

MI Energy released its financial results for the year ended December 31, 2025, showing petroleum sales revenue declined 21.3% to 706.1 million yuan due to falling oil prices and sales volume, with net losses increasing to 502.9 million yuan, and basic loss per share of 0.15 yuan.

NightAirdropper

2026-03-23 12:29:51

Abstract generation in progress

Gelonghui March 20 | MI Energy (01555.HK) announced that for the fiscal year ending December 31, 2025, the group’s oil sales revenue comes entirely from Chinese oil fields. Revenue decreased from RMB 897.3 million in the 2024 fiscal year to RMB 706.1 million in the 2025 fiscal year, a decline of RMB 191.2 million or 21.3%. The main reason is the drop in oil prices and net crude oil sales from the Daan Oilfield. The average realized oil price in the 2025 fiscal year was $66.68 per barrel, with net crude oil sales of 1.5 million barrels; in the 2024 fiscal year, the average realized oil price was $79.75 per barrel, with net crude oil sales of 1.6 million barrels. The group’s net loss for the 2025 fiscal year was RMB 502.9 million, compared to a net loss of RMB 329 million in the 2024 fiscal year. Basic loss per share was RMB 0.15.

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