Carote (HKG:2549) expects profit to fall about 25% to 35% in 2025 from a year earlier, according to a Monday Hong Kong bourse filing.

Revenue is forecast to rise about 3% to 5% over the same period, the company said.

The expected profit decline was attributed mainly to higher costs from additional U.S. tariffs on steel and aluminium products, as well as foreign-exchange losses from a weaker U.S. dollar against the yuan.