Asia Cassava Resources Holdings Limited (Stock Code: 841) reported unaudited consolidated revenue of HK$848.4 million for the six months ended 30 September 2025, up from HK$449.2 million in the same period of 2024. The increase was primarily attributed to higher sales volume of dried cassava chips to mainland China. The overall gross profit rose to HK$93.7 million from HK$34.0 million, reflecting an improvement in profit margins.

During the period, the Group recorded a net profit of HK$9.2 million, reversing a net loss of HK$15.0 million in the corresponding period last year. Profit attributable to owners of the Company stood at HK$10.1 million, compared with a loss of HK$9.0 million a year earlier. Finance costs increased to HK$28.9 million, mainly influenced by interest on an amount due to a non-controlling interest. Selling and distribution costs rose to HK$39.8 million, in line with the expanded cassava trading volume.

As of 30 September 2025, total assets amounted to HK$1,181.9 million, while total liabilities stood at HK$824.7 million. Net assets reached HK$357.2 million, up from HK$349.5 million as at 31 March 2025. Current assets were HK$214.5 million, including HK$53.2 million in inventories and HK$46.7 million in cash and cash equivalents. Current liabilities totaled HK$521.7 million, representing lower interest-bearing bank borrowings compared with 31 March 2025.

The Group’s core business of procuring, processing, warehousing, and marketing dried cassava chips continued to benefit from rising demand in mainland China. Management foresees stable operations and expects further efficiencies in sourcing and logistics. No interim dividend was recommended for the period ended 30 September 2025.