EVEREST GOLD (01815) announced that the group expects to record a net profit attributable to company owners of between RMB 95 million and RMB 110 million for the fiscal year ending December 31, 2025. This represents a significant turnaround compared to the net loss attributable to owners of approximately RMB 23 million for the fiscal year ended December 31, 2024. After excluding the impact of employee share option expenses disclosed below, the group anticipates a net profit attributable to company owners in the range of RMB 151 million to RMB 166 million for the 2025 fiscal year.

The expected shift from a net loss to a net profit is primarily attributable to the following factors: (i) A substantial increase in sales revenue from the group's gold and silver products during the 2025 fiscal year. As the majority of gold products sold were from inventory acquired at lower costs, combined with a significant rise in gold prices during the period, the gross profit margin for gold product sales improved markedly. This led to a considerable increase in overall gross profit. Consequently, the net profit from the group's new jewelry retail business is expected to be significantly higher in FY2025 compared to FY2024. (ii) As disclosed in announcements dated November 5, 2024, and January 15, 2025, the company completed the disposal of its fresh food retail business on January 13, 2025, generating a gain of approximately RMB 41 million for the group.

These positive factors were partially offset by: (iii) As disclosed in an announcement dated March 31, 2025, the group recognized an expense of approximately RMB 56 million in the 2025 fiscal year related to share options granted to employees, which was accounted for based on the fair value of the granted options.