E-Commodities (01733) reported strong interim results for the six months ended 30 June 2026, buoyed by firmer coal prices and improved trading margins.

Revenue rose 10.38% year-on-year to HK$13.99 billion, driven mainly by a 12.39% increase in coal sales to HK$10.87 billion. Coal remained the core contributor, accounting for nearly 78% of total turnover, while integrated supply-chain services generated HK$1.80 billion.

Gross profit more than doubled to HK$706.00 million, lifting the gross margin to 5.04% from 2.37% a year earlier. Profit for the period jumped 98.50% to HK$264.00 million, and profit attributable to equity holders climbed 83.82% to HK$250.36 million. Basic and diluted earnings per share increased to HK$0.095 from HK$0.051.

Segmentally, supply-chain trading delivered HK$399 million in gross profit (56.52% of group total), while integrated supply-chain services contributed HK$307 million. Administrative expenses expanded 33.10% to HK$386.44 million, mainly on higher staff costs. Net finance costs were broadly stable at HK$65.82 million.

Total equity edged up 4.10% to HK$9.84 billion. Cash and cash equivalents stood at HK$1.66 billion, down from HK$2.07 billion at end-2025, partly reflecting higher working-capital deployment as the cash-conversion cycle lengthened to 20 days. The gearing ratio rose to 43.95% from 36.58%.

The board declared an interim cash dividend of HK$0.023 per share, totaling approximately HK$63 million, payable on or around 12 January 2027.