Shares of E&P GLOBAL (01142) rose sharply, gaining over 9% in trading.

The stock climbed 9.21% to HK$0.083, with a turnover of HK$6.0937 million recorded.

The company recently announced its annual results for the period ending March 31, 2026, reporting revenue of HK$699.7 million, a year-on-year increase of 42.9%.

The attributable loss to shareholders narrowed significantly to HK$16.569 million, representing a 95% reduction compared to the previous year.

Management attributed the revenue growth primarily to a recovery in diesel and gasoline sales from its major client in South Korea.

The company stated it successfully capitalized on market opportunities to achieve higher sales, despite facing challenges from geopolitical tensions and economic uncertainties related to policies from the US and OPEC.