Elate Holdings Reports 4.1% Drop in Revenue to US$63.1M and Net Loss of US$15.1M for H1 2025

Reuters
Aug 29
Elate Holdings Reports 4.1% Drop in Revenue to US$63.1M and Net Loss of US$15.1M for H1 2025

Elate Holdings Limited has released its unaudited condensed consolidated interim results for the six months ended 30 June 2025. The Group reported a total revenue of $63.109 million, a slight decrease from $65.821 million in the same period of the previous year. The revenue from the manufacture and sales of graphite products was $12.069 million, while the manufacture and sales of electronic products contributed $51.040 million. The Group's gross profit increased to $9.908 million from $6.100 million in the prior year. However, the loss from operating activities amounted to $13.509 million, a significant downturn compared to a profit of $28.618 million in the previous period. This was largely influenced by a fair value loss on financial assets at fair value through profit or loss, which was reported at $19.134 million, compared to a gain of $26.825 million in the previous year. Elate Holdings Limited reported a net loss for the period of $15.108 million, compared to a profit in the previous period. The financial performance was impacted by various factors, including unallocated income and expenses totaling $21.036 million. The interim results reflect the company's ongoing challenges and adjustments in its business operations, with no specific outlook or guidance provided for future periods.

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