International Resources (01051) is forecasting a net loss of about 6 million US dollars in the medium term, a year-on-year profit to loss

Zhitong Finance App News, International Resources (01051) announced that it is expected that for the six months ending June 30, 2026, the Group will record a net loss of about 6 million US dollars, compared with net profit of about 59 million US dollars for the six months ended June 30, 2025 (same period last year).

Despite recording a net loss, the Group's core financial services business showed steady growth in the six months ended June 30, 2026, mainly benefiting from an increase of approximately US$559,000 in interest income from its debt lending business. In addition, dividends and distribution revenue from financial products under the Group's proprietary investment business increased by approximately US$13 million.

Results for the six months ended June 30, 2026 are expected to shift from net profit to net loss, mainly due to: the confirmed fair value loss for financial assets held by the Group at fair value measured at fair value and recorded as profit and loss for the six months ended June 30, 2026 was approximately US$38 million, compared with fair value earnings of approximately US$36 million for the same period last year; and a decrease of approximately US$8 million in interest income from financial institution deposits, including a decrease of approximately US$4 million recorded in revenue and a decrease of approximately US$4 million recorded in other income.