IRC (SEHK:1029) Loss Deepens To US$0.08 EPS And Reinforces Bearish Narratives

Simply Wall St.

Mar 26

IRC (SEHK:1029) has just released its FY 2025 first half numbers, reporting revenue of US$122.8 million and a basic EPS loss of US$0.08 per share, with net income excluding extra items showing a loss ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2622608398"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2622608398\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2622608398?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/2055000-choice2-main-header/1585186660639","is_english":true,"pubTime":"2026-03-26 21:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2622608398","market":"us","top_or_hot":-1,"title":"IRC (SEHK:1029) Loss Deepens To US$0.08 EPS And Reinforces Bearish Narratives","media":"Simply Wall St.","content":"<div>\n<p>IRC (SEHK:1029) has just released its FY 2025 first half numbers, reporting revenue of US$122.8 million and a basic EPS loss of US$0.08 per share, with net income excluding extra items showing a loss ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/materials/hkg-1029/irc-shares/news/irc-sehk1029-loss-deepens-to-us008-eps-and-reinforces-bearis\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IRC (SEHK:1029) Loss Deepens To US$0.08 EPS And Reinforces Bearish Narratives</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIRC (SEHK:1029) Loss Deepens To US$0.08 EPS And Reinforces Bearish Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-26 21:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/materials/hkg-1029/irc-shares/news/irc-sehk1029-loss-deepens-to-us008-eps-and-reinforces-bearis><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IRC (SEHK:1029) has just released its FY 2025 first half numbers, reporting revenue of US$122.8 million and a basic EPS loss of US$0.08 per share, with net income excluding extra items showing a loss ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/materials/hkg-1029/irc-shares/news/irc-sehk1029-loss-deepens-to-us008-eps-and-reinforces-bearis\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01029","symbol_name":"铁货","start_time":0,"source_url":"https://simplywall.st/stocks/hk/materials/hkg-1029/irc-shares/news/irc-sehk1029-loss-deepens-to-us008-eps-and-reinforces-bearis","article_id":"2622608398","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/2055000-choice2-main-header/1585186660639"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/materials/hkg-1029/irc-shares/news/irc-sehk1029-loss-deepens-to-us008-eps-and-reinforces-bearis","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2622608398","pubTimestamp":1774531198,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"IRC (SEHK:1029) has just released its FY 2025 first half numbers, reporting revenue of US$122.8 million and a basic EPS loss of US$0.08 per share, with net income excluding extra items showing a loss of US$102.0 million. The company has seen revenue move from US$112.3 million in the first half of FY 2024 to US$122.8 million in the first half of FY 2025, while EPS moved from a loss of US$0.02 to a deeper loss of US$0.08 over the same period. This sets up a results season in which margins and...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"01029":"铁货"},"translate_title":"IRC(SEHK：1029)每股收益亏损加深至0.08美元，强化看跌叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01029":1.5},"content_text":"IRC (SEHK:1029) has just released its FY 2025 first half numbers, reporting revenue of US$122.8 million and a basic EPS loss of US$0.08 per share, with net income excluding extra items showing a loss of US$102.0 million. The company has seen revenue move from US$112.3 million in the first half of FY 2024 to US$122.8 million in the first half of FY 2025, while EPS moved from a loss of US$0.02 to a deeper loss of US$0.08 over the same period. This sets up a results season in which margins and loss levels sit firmly in focus for investors. See our full analysis for IRC. With the headline numbers on the table, the next step is to compare these results with the most widely shared market narratives to see which views hold up and which are challenged by the latest margin picture. Curious how numbers become stories that shape markets? Explore Community Narratives SEHK:1029 Revenue & Expenses Breakdown as at Mar 2026 AdvertisementUS$131.5 million loss over trailing 12 months  Over the trailing 12 months, IRC booked a net income loss of US$131.5 million on revenue of US$258.1 million, compared with a first half FY 2025 loss of US$102.0 million on US$122.8 million of revenue. Bears highlight a multi year earnings decline of about 54.8% per year and the latest figures line up with that concern, as:\n     Losses in first half FY 2025 at US$102.0 million are far larger than the US$7.3 million and US$13.2 million losses reported in the two FY 2024 halves. On a per share basis, trailing 12 month basic EPS of a US$0.10 loss is wider than the US$0.02 loss recorded in second half FY 2024.    Stay focused on how this widening loss profile fits into the more cautious market narratives around IRC.Curious how numbers become stories that shape markets? Explore Community Narratives Iron production up while losses deepen  Iron production in first half FY 2025 reached 1,422,870 tons versus 1,132,201 tons in first half FY 2024, yet net income excluding extra items moved from a US$13.2 million loss to a US$102.0 million loss over the same halves. What stands out for a bearish view is that higher output has not translated into profitability so far, because:\n     Across the trailing 12 months, the company remained unprofitable, with a US$131.5 million loss despite US$258.1 million of revenue. This disconnect between higher tonnage and larger losses fits concerns that operating or other costs are absorbing much of the benefit from additional production.    P/S of 0.5x with worsening per share metrics  IRC trades on a P/S of 0.5x, above its peer average of 0.2x but below the Hong Kong Metals & Mining industry average of 0.7x, while trailing 12 month basic EPS sits at a loss of US$0.10 per share and shareholders have been substantially diluted in the past year. Critics point out that this mixed valuation picture is hard to justify while losses grow, because:\n     Over the last five years, losses have grown at about 54.8% per year, and the most recent half year loss of US$102.0 million is a large step up from the FY 2024 halves. With no identified rewards in the trailing data and recent dilution reducing each existing holder's share of the business, some investors may question paying a higher P/S multiple than the immediate peer group.    Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on IRC's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. These results may feel concerning. Use this as a prompt to look through the numbers yourself and pressure test your own view of IRC's risk profile, starting with the 2 important warning signs. See What Else Is Out There IRC is facing deepening losses, worsening per share metrics, and dilution, which together raise questions about paying up for a business that remains unprofitable. If these risks feel heavy, you can balance your portfolio ideas by hunting for companies with steadier fundamentals and pricing support using the 287 resilient stocks with low risk scores.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}