CITIC RESOURCES (01205) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$9.382 billion, representing a year-on-year increase of 137.9%. Profit attributable to ordinary shareholders amounted to HK$152 million, down 57% compared to the same period last year. Earnings per share stood at HK$1.93 cents.

According to the announcement, the decrease in profit was primarily attributed to the following factors: the average selling prices of crude oil and coal sold by the group during the period declined significantly compared to the same period last year; raw material costs, particularly alumina used in the production at Portland Aluminium Smelter, increased substantially during the period compared to the previous year; the group's share of profit from an associate company decreased significantly as the group ceased to hold any equity interest in Alumina Limited since July 18, 2024; and the share of profit from a joint venture decreased substantially by approximately HK$118 million, representing a decline of approximately 81.2% compared to the same period last year, due to the decline in crude oil prices during the period.