New Provenance Everlasting Holdings Limited (NPE HOLDINGS) released audited results for the year ended 31 March 2026.
Revenue and Gross Margin • Consolidated revenue rose 65.0 % to HK$775.53 million, driven by: – Sourcing & sale of metal minerals and related materials: HK$622.63 million, +70.1 % YoY – Production & sale of industrial products: HK$152.89 million, +46.7 % YoY • Gross profit reached HK$17.76 million versus a HK$8.86 million gross loss last year, lifting gross margin to 2.29 % (FY25: –1.88 %).
Segment Operating Performance • Metal minerals segment profit advanced to HK$5.35 million (FY25: HK$1.16 million). • Industrial products swung to a HK$12.16 million profit from a HK$10.56 million loss, aided by higher sales volume and the absence of asset impairments booked in FY25.
Operating Expenses and Other Items • Administrative expenses declined 13.3 % to HK$14.70 million. • Finance costs fell 26.2 % to HK$0.42 million, reflecting lower lease-related interest. • A HK$2.16 million reversal of trade-receivable loss allowances contrasted with a HK$5.19 million provision a year earlier. • Net foreign-exchange movements turned to a HK$1.52 million loss from a HK$1.00 million gain.
Earnings • Profit before tax was HK$2.77 million versus a HK$46.15 million loss in FY25. • After a HK$6.56 million PRC tax charge (FY25: HK$0.05 million credit), the Group posted a HK$3.79 million net loss, a 91.8 % YoY improvement. • Basic and diluted loss per share narrowed to HK0.018 cent from HK0.218 cent.
Balance Sheet and Liquidity • Cash and cash equivalents stood at HK$3.76 million (31 Mar 2025: HK$3.13 million). • Current ratio measured 2.29 (31 Mar 2025: 3.46) on higher trade payables tied to sales growth. • Net assets rose 5.7 % to HK$397.02 million, supported by a HK$44.05 million increase in right-of-use and other fixed assets. • No bank borrowings or material contingent liabilities were reported; lease liabilities totaled HK$36.40 million.
Capital Expenditure • Additions to non-current assets were HK$48.07 million, up from HK$14.09 million in FY25, mainly for production capacity upgrades.
Dividend • The Board proposed no final dividend for FY26.
Outlook Management expects stable demand for metallurgical raw materials and accelerating growth in high-purity manganese products driven by electric-vehicle battery applications. The Group will balance “active optimism with prudent prevention” while pursuing opportunities in high-value-added materials and energy-transition markets.