KINETIC DEV (01277) announced its interim results, with shareholders' profit attributable amounting to 768 million yuan, a year-on-year increase of 36.82%.

KINETIC DEV (01277) announced its interim results for 2026, showing revenue of approximately 2.521 billion yuan, a year-on-year increase of 0.4%; the company's profit attributable to shareholders was 768 million yuan, a year-on-year increase of 36.82%; basic earnings per share were 9.11 cents, with an interim dividend of 6.0 Hong Kong cents per share. The announcement stated that the increase in net profit was mainly due to improvements in the coal mining segment's performance and effective cost control across the group's various operating segments. During the reporting period, the average selling price of the group's low-sulfur environmentally friendly thermal coal (5,000 kcal) was approximately 694.0 yuan per ton, an increase of about 17.6% compared to the same period last year. Due to market conditions and shipping strategies during the same period, the sales volume of this product declined by approximately 10.3% year-on-year.