Tiger Brokers

G-Resources FY2025 Net Profit Surges 107.5% to USD 98.67 Million on Strong Fair-Value Gains; Final Dividend Raised 50%

Bulletin Express
Mar 30

G-Resources (01051) released its audited results for the year ended 31 December 2025.

Financial Highlights (YoY comparison to FY2024)

1. Income Statement • Revenue fell 18.1% to USD 31.06 million, mainly on lower interest and distribution income. • Fair-value gains on financial assets and perpetual notes at FVTPL jumped to USD 77.25 million (FY2024: USD 5.27 million). • Administrative expenses rose 29.4% to USD 9.40 million, reflecting higher marketing and staff costs. • Impairment on goodwill increased to USD 8.85 million (FY2024: USD 7.60 million). • Profit before tax doubled to USD 99.70 million; net profit climbed 107.5% to USD 98.67 million. • Basic EPS advanced to 21.89 US cents (FY2024: 10.54 US cents). • EBITDA expanded to USD 100.36 million from USD 48.23 million.

2. Segment Performance • Principal Investment: profit grew 81.1% to USD 101.32 million, driven by fair-value gains on unlisted funds and listed securities. • Financial Services: profit declined to USD 2.28 million (FY2024: USD 5.20 million) as other income fell and goodwill was impaired. • Real Property: profit rose to USD 5.03 million (FY2024: USD 0.70 million) on higher distribution income, despite a USD 9.0 million revaluation loss on Hong Kong investment properties.

3. Balance Sheet and Liquidity • Cash and cash equivalents more than doubled to USD 498.42 million. • Total financial assets at FVTPL stood at USD 663.79 million; investments in debt instruments at amortised cost reached USD 246.04 million. • Net assets increased 5.6% to USD 1.67 billion; gearing remained nil. • Net operating cash inflow was USD 8.68 million; net investing inflow amounted to USD 236.54 million, mainly from time-deposit withdrawals.

4. Dividend The Board proposes a final dividend of HKD 0.18 per share (FY2024: HKD 0.12), equivalent to approximately HKD 81.15 million, subject to shareholder approval.

5. Outlook Statement (from management) The Group will maintain a prudent stance amid heightened geopolitical risks, prioritising capital preservation while expanding IPO margin financing, selective fixed-income investments, and overseas property acquisitions.

Key Dates • AGM record date: 26 June 2026 • Final dividend record date: 9 July 2026 • Scheduled payment date: 17 July 2026

All information is extracted from the company’s 2025 audited results announcement dated 30 March 2026.

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