APAC Resources Limited (the “Company”) published its unaudited interim results for the six months ended 31 December 2025. The announcement indicated a net profit attributable to owners of the Company of HK$1.86 billion, compared with a net loss of HK$0.31 billion for the same period last year. This turnaround was largely attributed to the Resource Investment segment and a reversal of impairment loss on interests in associates.

During the reporting period, revenue was HK$466.81 million, primarily reflecting trading of goods of HK$466.34 million and interest income of HK$0.47 million. Gross profit stood at HK$43.65 million. Other gains and losses recorded HK$1.54 billion, driven by changes in fair value of financial assets at fair value through profit or loss. The Group’s administrative expenses were HK$296.71 million, while finance costs totaled HK$13.70 million.

As at 31 December 2025, total assets amounted to HK$6.72 billion and total liabilities came to HK$0.89 billion. Net current assets were HK$3.69 billion and the current ratio was 5.2 times. The borrowing level was HK$0.56 billion, with a gearing ratio of nil after deducting cash and cash equivalents. In the six months under review, a final dividend of HK$0.11 per share for the year ended 30 June 2025 was paid; no interim dividend has been proposed for the period.

The announcement also referred to the Company’s ongoing efforts in expanding commodity offtake activities and investments in primary strategic associates. It highlighted a focus on securing opportunities in the metals and mining sector while reviewing its investment approach amid potential market volatility. Additionally, the proposal to change the Company’s domicile from Bermuda to Hong Kong, subject to requisite approvals, is stated to be in progress.