Nan Nan Resources Enterprise Limited (stock code: 1229) reported revenue of approximately HK$193.65 million for the six months ended 30 September 2025, an increase from HK$178.20 million in the prior year. The coal mining segment remained its primary contributor, generating sales of around HK$191.69 million and benefitting from higher sales volumes despite lower average selling prices.

Cost of services and goods sold rose to about HK$118.37 million, compared with HK$82.03 million previously. The company recorded a net loss of approximately HK$3.44 million, contrasting with a net profit of HK$47.14 million a year earlier. Factors influencing the result included an approximately HK$31.73 million loss on fair value change of a convertible bond and a net exchange loss during the period, reversing a prior-year exchange gain.

Administrative expenses decreased by about 23% to HK$24.90 million, partly due to lower staff costs. Total comprehensive income for the period was approximately HK$7.08 million, driven by exchange translation differences. The group held cash and cash equivalents totaling HK$282.34 million as at 30 September 2025 and reported net current liabilities of HK$74.19 million.

The coal mining business continued expansion at its Kaiyuan Mine in Xinjiang, with production scaling to meet demand and further capital investment planned. Meanwhile, the renewable energy business recorded revenue of HK$1.96 million. The IT services segment was downsized due to challenging market conditions and did not generate revenue during the period. No interim dividend was declared. The company remains focused on its coal operations and continues to implement cost control measures across its businesses.