China Aviation Oil’s net profit up 18.4% YoY in H1

This was driven by higher gross profit.

Mainboard-listed China Aviation Oil's (CAO) net profit rose 18.4% year on year (YoY) to $64.23m (US$50.04m) in the first half of 2025 (H1 2025).

According to a bourse filing, this was due to the increase in gross profit and share of results from associates, partially offset by the decrease in other operating income and the increase in expenses.

Total gross profit was up by 25.7% to $39m (US$30.38m), attributed to higher profits derived from the jet fuel supply business, in line with the increase in jet fuel supply volume and higher optimisation gain from trading activities.

Total revenue increased by 13.6% to $10.99b (US$8.56b) due to the increase in business volume.

However, other operating income declined by 18.42% to $9.62m (US$7.49m) due to lower interest income.

Earnings per share rose 18.1% to $0.07 (US$0.0582).

($1 = US$0.78)

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