APAC Resources Limited (“APAC Resources” or the “Company”) and its subsidiaries (collectively, the “Group”) reported a net profit attributable to shareholders of the Company of HK$1,860,060,000 for the six months ended 31 December 2025 (“1H FY25/26”), compared with a net loss attributable to shareholders of the Company of HK$309,884,000 for the six months ended 31 December 2024 (“1H FY24/25”). This profit was mostly driven by a strong performance from our Resource Investment segment, where we generated a segment profit of HK$1,299,552,000, and an impairment loss reversal of HK$474,690,000 on interests in MGX Resources Limited (“MGX”, previously known as Mount Gibson Iron Limited) (ASX: MGX).

As at 31 December 2025, our non-current assets amounted to HK$2,142,370,000 (As at 30 June 2025: HK$1,563,400,000) and net current assets amounted to HK$3,690,862,000 (As at 30 June 2025: HK$2,467,308,000) with a current ratio of 5.2 times (As at 30 June 2025: 5.6 times) calculated on the basis of its current assets over current liabilities. Included in current assets, the loan receivables amounted to HK$7,298,000 (As at 30 June 2025: HK$83,578,000).  

As at 31 December 2025, we had borrowings of HK$563,000,000 (excluding lease liabilities) (As at 30 June 2025: HK$468,457,000) and had undrawn letter of credit, bank and other loan facilities amounting to HK$883,067,000. As at 31 December 2025, we had a gearing ratio of nil (As at 30 June 2025: nil), calculated on the basis of net debt over equity attributable to owners of the Company. For this purpose, net debt is defined as borrowings (excluding lease liabilities) less cash and cash equivalents.