Timeless Resources (8028) Releases Interim Results with HK$123.89 Million Revenue

Bulletin Express
2025/11/13

Timeless Resources Holdings Limited (stock code: 8028) presented its unaudited consolidated results for the six months ended 30 September 2025. The group operates in two main segments: Mining and Metal Business as well as Software Business.

During the period, overall revenue rose from HK$49.11 million to HK$123.89 million. The Mining and Metal Business contributed HK$88.61 million, driven primarily by sales of processed precious metal. The Software Business reported HK$35.28 million in revenue, reflecting its continued expansion into integrated IT solutions. Despite the rise in revenue, the group recorded a loss of HK$4.63 million for the reporting period, improving from a HK$5.35 million loss in the same period last year.

As of 30 September 2025, the group’s net current assets stood at HK$63.65 million. Cash and cash equivalents plus time deposits totaled HK$91.14 million, of which approximately 30% was in Hong Kong dollars, 63% in Renminbi, and 7% in US dollars. The group had a HK$30 million loan from a related party, bearing an annual interest rate of 3.5%. No interim dividend was declared.

The Mining and Metal Business remained focused on the Baishiquan Nickel-copper Mine’s second-phase development. Drafting of feasibility and related reports to obtain regulatory approvals has been largely completed, and supplementary drilling work is underway. Meanwhile, the group explored potential digital token issuance for silver assets in collaboration with HashKey and Eddid Securities, subject to regulatory approval.

In the Software Business, the group secured notable contracts in integrated IT solutions and related services. Additional expansion is anticipated in the technology sphere. After the reporting period, the group granted a total of 6.4 million share options under the 2023 Share Option Scheme.

These interim results were reviewed and approved on 13 November 2025. Further details, including the condensed financial statements and management discussion, are available in the full announcement.

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