ARES ASIA (00645) announced annual performance with a net loss of 740,000 US dollars, narrowing 68.63% year-on-year.

ARES ASIA (00645) announced its financial results for the year ending March 31, 2026, with revenue of $6.979 million, an increase of approximately 1.1 times compared to the previous year; a net loss of $740,000, narrowing by 68.63% year-on-year; and a loss per share of 0.14 cents. The announcement stated that the increase in revenue was mainly due to the group expanding its trading activities to other commodities (including nickel, copper, and aluminum), which not only complemented the group's traditional coal trading business but also broadened its revenue base. The narrowing of the loss was mainly due to the reversal of expected credit loss allowances and impairment of prepaid expenses after reassessing the recoverability of related receivables and prepayments, as well as the recognition of incremental income resulting from an SIAC arbitral award.