Link: https://links.sgx.com/1.0.0/corporate-announcements/CALQI05J7ISC45IC/6f51566a9142e7f716540e8b45c8f56413df5e2b81a6de24a848632b60443355

Summary:

• FY2025 revenue rose 20% to RM199.5 million, propelled by new bauxite sales and overseas customer expansion, offsetting weaker iron ore prices.

• Reported net loss of RM27.4 million, mainly due to RM26.1 million in non-cash impairment charges from iron ore price declines and joint venture valuation adjustments.

• Without one-off impairments, underlying loss before tax would have been substantially reduced to RM5.4 million, demonstrating core operating resilience.

• Sales volumes of iron ore concentrate climbed 22%, and crushed iron ore surged 350%; bauxite contributed major top-line gains.

• Successful transition to full underground mining at Chaah Mine enhances production efficiency, sustainability, and access to higher-grade ore.

• Diversification advanced: promising gold exploration progress at Tenggaroh Project and strategic entry into rare earths via a 40% stake in MCRE Resources Sdn Bhd.

• Financial position remained robust with RM113.8 million cash and strong net assets, supporting future growth and resilience against market headwinds.

• Board remains confident, focusing on operational discipline, production efficiency, and balanced portfolio expansion to sustain long-term value for shareholders.