TONGGUAN GOLD (00340) has announced that the group expects to record a net profit attributable to company owners of approximately HK$820 million to HK$840 million for 2025, representing a year-on-year increase of about 289% to 298%. This figure includes a non-operating expense of around HK$55 million related to fair value changes in the derivative component of convertible bonds and contingent consideration payables. Excluding this non-operating item, the adjusted net profit attributable to owners is projected to be between HK$875 million and HK$895 million for 2025, an increase of approximately 315% to 324% compared to the previous year. The rise in net profit is primarily attributed to increased production and sales volume of mineral gold, along with a higher average selling price, when compared to the same period in 2024.