Elate Holdings Reports 4.1% Drop in Revenue to US$63.1M and Net Loss of US$15.1M for H1 2025

Reuters
08/29
Elate Holdings Reports 4.1% Drop in Revenue to US$63.1M and Net Loss of US$15.1M for H1 2025

Elate Holdings Limited has released its unaudited condensed consolidated interim results for the six months ended 30 June 2025. The Group reported a total revenue of $63.109 million, a slight decrease from $65.821 million in the same period of the previous year. The revenue from the manufacture and sales of graphite products was $12.069 million, while the manufacture and sales of electronic products contributed $51.040 million. The Group's gross profit increased to $9.908 million from $6.100 million in the prior year. However, the loss from operating activities amounted to $13.509 million, a significant downturn compared to a profit of $28.618 million in the previous period. This was largely influenced by a fair value loss on financial assets at fair value through profit or loss, which was reported at $19.134 million, compared to a gain of $26.825 million in the previous year. Elate Holdings Limited reported a net loss for the period of $15.108 million, compared to a profit in the previous period. The financial performance was impacted by various factors, including unallocated income and expenses totaling $21.036 million. The interim results reflect the company's ongoing challenges and adjustments in its business operations, with no specific outlook or guidance provided for future periods.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Elate Holdings Limited published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.

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