IRC (01029) issued a profit warning, expecting that the profit attributable to shareholders for the first half of the year will not exceed 1 million US dollars, turning from a loss to a profit year-on-year.

date
21:13 21/08/2026
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GMT Eight
Tierra (01029) announced that the Group expects to achieve a profit attributable to the owners of the company of no more than USD 1 million for the six months ending June 30, 2026, compared to a loss attributable to the owners of the company of approximately USD 102 million for the six months ending June 30, 2025. The anticipated improvement in the Group's financial performance is primarily due to an impairment provision of approximately USD 126.9 million recognized for the K&S mine and other assets as of June 30, 2025, and no need to recognize impairment loss provisions for assets for the six months ending June 30, 2026. Shareholders are reminded that any impairment charges or reversals are non-cash and non-recurring in nature and will not have a direct impact on the Group's cash flow.
IRC(01029) announced that the Group expects to achieve a profit attributable to the owners of the Company of no more than USD 1 million for the six months ending June 30, 2026, whereas it recorded a loss of approximately USD 102 million attributable to the owners of the Company for the six months ended June 30, 2025. The expected improvement in the Group's financial performance is primarily due to an impairment provision of approximately USD 126.9 million made for the K&S mine and other assets as of June 30, 2025, whereas no impairment loss provision will be needed for the six months ending June 30, 2026. Shareholders are reminded that any impairment charges or reversals are non-cash and non-recurring in nature and will not have a direct impact on the Group's cash flow.