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CM Energy Tech expects H1 loss of about USD 9.3 million vs USD 2.78 million profit year earlier

PUBT·08/10/2026 11:30:32
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CM Energy Tech expects H1 loss of about USD 9.3 million vs USD 2.78 million profit year earlier
  • CM Energy Tech flagged a H1 2026 net loss of about USD 9.3 million, reversing a USD 2.78 million profit a year earlier.
  • Forecast driven by a one-off USD 9.5 million impairment provision on work-in-progress tied to Pemex drilling rigs and equipment projects.
  • Projects were discontinued after milestone completions as Pemex budget constraints stalled payments while group outlays continued.
  • Group is negotiating to recover acknowledged outstanding contractual payments; preliminary analysis points to only a small overall loss on the curtailed projects.
  • Interim results are expected on 28 August 2026.


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. CM Energy Tech Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260810-12279033), on August 10, 2026, and is solely responsible for the information contained therein.