LINGBAO GOLD (03330) announced its interim results, with a profit attributable to shareholders of 972 million yuan, an increase of 46.45% year-on-year.

LINGBAO GOLD (03330) announced its interim results for the six months ending June 30, 2026, reporting revenue of RMB 7.988 billion, a year-on-year increase of 2.51%; profit attributable to equity shareholders was RMB 972 million, up 46.45% year-on-year; and earnings per share were 72.72 cents. The announcement stated that the net profit performance was primarily influenced by the following factors: (i) Mainly benefited from the Group's strengthened production organization in the first half of 2026, deepening internal potential, implementing multiple measures to reduce costs and increase efficiency, as well as benefiting from the rising prices of the Group's main products: gold, silver, copper, and sulfuric acid compared to the same period in 2025; (ii) The Group completed the subscription transaction for 50% + 1 share of St Barbara Mining Pty Ltd (the target company) on April 2, 2026, with the core asset of the target company being the operating gold mine at Simberi in Papua New Guinea. The financial performance of the target company since the completion of the subscription transaction has been consolidated into the Group's financial statements, positively impacting the Group's performance; (iii) The Group's net profit was impacted by a loss of approximately RMB 249 million from the fair value change of convertible bonds and related financial expenses (including actual estimated interest) of approximately RMB 22.11 million (the Board emphasizes that this matter is a non-cash item, solely due to the application and compliance with relevant accounting standards, involving no cash outflows, and does not reflect the Group's underlying core operating performance), which significantly offset the profits from core business.