NEWTON RES (01231) issues profit warning, expected to incur a net loss of approximately 7.2 million US dollars in 2025.

NEWTON RES (01231) announced that the estimated amount of impairment loss on contracts to be confirmed in the 2025 annual results is expected to be approximately 4.1 million US dollars. Taking into account various factors, the group expects to incur a net loss of approximately 7.2 million US dollars in the 2025 fiscal year, compared to a net loss of approximately 0.3 million US dollars in the same period last year. The announcement stated that the main reasons for the decline in the group's annual performance in the 2025 fiscal year are: the impairment loss of approximately 4.1 million US dollars mentioned above; a decrease in the quantity of iron ore supplied by Koolan in the 2025 fiscal year compared to the same period last year, lower quality and greater variation, especially in the fourth quarter after the accident, leading to a decrease in the group's sales and gross profit; and a soft demand for iron ore by this group in the 2025 fiscal year, resulting in a significant decrease in unit gross profit for iron ore.