CGN MINING (01164) has disclosed its annual results for the period ending December 31, 2025. The group reported revenue of HK$6.87 billion, representing a decrease of 20.34% compared to the previous year. Profit attributable to owners of the company amounted to HK$453 million, marking an increase of 32.39% year-on-year. Basic earnings per share were HK5.96 cents, and the company proposed a final dividend of HK1.4 cents per share.

During the reporting period, the company arranged production based on 80% of its designed capacity. The planned uranium production volume for 2025 was 861 tU, while the actual production reached 862 tU, achieving 100% of the annual target. This included 397 tU from the Xie mine, with a production cost of $37 per pound of U3O8, and 465 tU from the Yi mine, with a production cost of $31 per pound of U3O8. After accounting for processing losses, the total natural uranium production for the year was 855 tU.

Currently, the Xie and Yi mines are experiencing increasing mining challenges and cost control pressures due to changes in resource endowments and mining conditions. However, benefiting from the recovery in the natural uranium market, the overall operational fundamentals are expected to remain stable, providing support for future development.