CGN MINING (01164) announced its interim results, with a net loss attributable to shareholders of HK$67.57 million, a year-on-year change from profit to loss.

CGN MINING (01164) announced its interim performance for the six months ended June 30, 2025. The group achieved a revenue of HK$1.709 billion, a decrease of 58.05% year-on-year. The company's attributable loss was HK$67.57 million, compared to a profit of HK$113 million in the same period last year. The loss per share was HK$0.89. The announcement stated that the main reason for the decrease in profit was twofold. On one hand, due to significant fluctuations in the international trading prices of natural uranium and the impact of inventory accounting using weighted average cost method, the unit selling cost of natural uranium sales in the group's subsidiary CGN International Sales Company was higher than the unit selling price in the current period, resulting in a decrease in the group's gross profit from natural uranium trading compared to the same period in 2024. On the other hand, due to the drop in natural uranium prices, the performance of a joint venture and an associate company attributable to the group decreased compared to the same period in 2024.