TIMELESS (08028) announces good news, expecting that the net profit for the year will be no less than HK$2 million, turning losses into profits compared to the previous year.

TIMELESS (08028) announces that, compared to a net loss of 16 million Hong Kong dollars for the year ended March 31, 2025, the Group expects to achieve a net profit of no less than 2 million Hong Kong dollars for the year ending March 31, 2026 (the reporting period). The Board believes that the expected change from a loss to a profit is mainly due to: (i) improved performance in the Group's mineral exploration, development and mining, as well as precious metal sales businesses, with an expected profit at the division level compared to a divisional loss of 6.4 million Hong Kong dollars for the year ended March 31, 2025; and (ii) expansion of the Group's comprehensive information technology solutions and other related services business, leading to an expected increase in divisional profits.