NEWTON RES(01231) issued a profit warning, expecting to incur a net loss of approximately 7.2 million US dollars in 2025.

NEWTON RES (01231) announced that the estimated amount of impairment loss on contracts to be confirmed in the 2025 annual performance is approximately 4.1 million US dollars. Taking into account various factors, the group expects to incur a net loss of about 7.2 million US dollars in the 2025 financial year, compared to a net loss of about 0.3 million US dollars in the same period last year. The announcement stated that the main reasons for the decrease in the group's annual performance in the 2025 financial year are: the impairment loss of approximately 4.1 million US dollars mentioned above; a decrease in the quantity and quality of iron ore supplied by Koolan in the 2025 financial year compared to the same period last year, especially in the fourth quarter following an accident, resulting in a decline in the group's sales and gross profit; and a significant decrease in unit gross profit of iron ore due to soft demand in the 2025 financial year.