APAC RESOURCES (01104) announced that compared to shareholder profit of approximately HK$390 million in fiscal year 2024, the group expects to achieve shareholder profit of approximately HK$160 million to HK$240 million for the year ending June 30, 2025 (fiscal year 2025).

The expected decrease in shareholder profit for fiscal year 2025 is mainly attributable to: the commodity business segment generating a segment loss in fiscal year 2025, compared to a segment profit of approximately HK$84 million in fiscal year 2024; reduced profits in the resource investment and principal investment and financial services segments in fiscal year 2025 compared to fiscal year 2024; increased losses from the net impact of the following factors: (i) impairment loss on the group's interest in its major associate Mount Gibson Iron Limited (MGX), and (ii) the group's share of its annual results. For fiscal year 2024, the group recorded impairment losses exceeding HK$71 million on its interest in MGX and shared MGX's profit of approximately HK$36 million; and partially offset by increased profits from the net impact of impairment losses/reversal of impairment losses on interests in other associates, and the group's share of their annual results.