Ares Asia Limited (the “Company”) released its unaudited consolidated interim results for the six months ended 30 September 2025. During the period under review, the Group reported revenue of approximately US$493,000, compared with US$3,317,000 in the same period last year. The decrease was primarily attributed to a substantial decline in sales volume of coal under challenging market conditions in Mainland China, alongside the Group’s initial diversification into nickel trading.

Gross profit for the period amounted to US$1,000, compared with US$76,000 in the prior-year period. The drop in gross profit was mainly due to lower trading volume and less favorable market dynamics. Administrative and selling expenses were broadly consistent with the same period last year, totaling about US$0.72 million. The Group reported a net loss attributable to owners of the Company of approximately US$721,000, representing an increase of around 10.58% compared with the net loss of US$652,000 for the same period in 2024.

As of 30 September 2025, the Group’s net assets stood at US$3,878,000. Cash and cash equivalents declined from US$1,900,000 as of 31 March 2025 to US$1,002,000, reflecting operational outflows. The Board did not recommend the payment of any interim dividend for the reporting period.

Management highlighted uncertainties in the global outlook, noting that external factors such as economic volatility and energy market shifts continue to pose challenges. The Group remains focused on exploring opportunities to stabilize revenue streams by managing its coal trading and diversifying into new commodity segments. According to the Company’s information, there are no current plans for major capital expenditures, and the business will continue to coordinate its working capital prudently to navigate market conditions.