NAN NAN RES (01229) announced its interim results for the six months ended September 30, 2025. The group recorded revenue of HK$194 million, representing an 8.67% year-on-year increase. However, it reported a loss attributable to shareholders of HK$3.375 million, compared to a profit of HK$47.334 million in the same period last year. Basic loss per share stood at HK$0.0044.

The company attributed the revenue growth in its coal mining business primarily to increased coal sales volume during the reporting period, which rose approximately 56.63% year-on-year. The net revenue increase resulted from higher sales volume offset by lower average selling prices per ton.

During the reporting period, the average selling price per ton decreased by approximately HK$37.02 (or 29.63%) to HK$87.94 (2024: HK$124.96 per ton). This price decline was mainly due to intensified competition in the local market.

The renewable energy business saw a modest revenue increase of about 8.16%, primarily driven by foreign exchange rate impacts. Meanwhile, the information technology services segment generated no revenue, reflecting a 100% year-on-year decline due to significant challenges posed by the persistently unfavorable global economic environment.

To control costs and mitigate further losses, the group has implemented comprehensive downsizing measures for its IT services business, including operational streamlining, workforce reductions, and termination of underperforming service projects.