APAC Resources (01104) has released an announcement indicating a significant turnaround in its financial performance. Based on a preliminary review of the Group's unaudited consolidated management accounts for the five months ended November 30, 2025, and currently available information, and subject to any adjustments for the share of results and/or impairment losses of its associates, fair value changes on certain financial assets, provision adjustments, or other items, the Group anticipates reporting an estimated profit attributable to shareholders ranging from approximately HK$14 billion to HK$19 billion for the six months ending December 31, 2025 (the first half of the 2025/26 financial year). This projected profit stands in stark contrast to the shareholder's loss of approximately HK$3.1 billion recorded in the six months ended December 31, 2024 (the first half of the 2024/25 financial year). This expected profit is primarily attributable to a profitable contribution from the resources investment division, which had reported a segment loss of around HK$1.84 billion in the first half of the 2024/25 financial year, coupled with an expected reversal of an impairment loss provision for one associate. In the prior comparable period, there was a net impairment loss on interests in associates of approximately HK$1.05 billion.