TAIPEI, Taiwan, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (“APWC” or “Company”) (NASDAQ: APWC) today announced the commencement of its rights offering previously reported on August 29, 2025. In the rights offering, the Company will distribute, at no charge to its shareholders, non-transferable subscription rights to purchase additional common shares of the Company at the subscription price of $1.66 per common share. The subscription rights will be issued to its holders ...

据交易所数据显示，12月16日，亚太电线电缆(APWC)盘中上涨2.16%，截至01:15，报1.808美元/股，成 交6521.0美元，总市值3727.83万美元。 财务数据显示，截至2025年06月30日，亚太电线电缆收入总额2.27亿美元，同比增长6.14%；归母净利 润-90.1万美元，同比减少76.67%。 资料显示，亚太电线电缆有限责任公司主要在亚太地区从事电信(铜和光纤),电力电缆和漆包线产品的制 造和分销的业务。公司还为客户提供电力电缆的供应、交付和安装等方面的工程项目服务。 本文源自：市场资讯 作者：行情君 ...

Core Viewpoint - Asia Pacific Wire & Cable Corporation Limited (APWC) has announced a rights offering to raise equity capital, allowing existing shareholders to purchase additional common shares at a subscription price of $1.66 per share, with the aim of generating approximately $33.9 million for general working capital and corporate purposes [2][4][5]. Group 1: Rights Offering Details - The rights offering will distribute non-transferable subscription rights to shareholders as of December 11, 2025, at a ratio of one subscription right per common share [2]. - The subscription period is set to commence on December 18, 2025, and will terminate on January 23, 2026 [2]. - The offering includes a basic subscription right and an over-subscription right, allowing shareholders to purchase additional shares that remain unsubscribed [3]. Group 2: Purpose and Strategic Goals - The primary purpose of the rights offering is to raise equity capital in a cost-effective manner, providing all shareholders the opportunity to participate on a pro rata basis [4]. - The company aims to use the proceeds to support its plans to enter the North American market and invest in new products and technologies, enhancing its traditional wire and cable business [5]. Group 3: Company Overview - Asia Pacific Wire & Cable Corporation Limited is a holding company based in Bermuda, with operations primarily in the Asia Pacific region, focusing on the manufacture and distribution of enameled wire, power cable, and telecommunications products [8]. - The company serves a diverse customer base, including appliance component manufacturers, electrical contracting firms, and state-owned entities [8].

Financial Performance - Quarterly revenue was $128.4 million, up 1% from Q2 2025 and up 5% from Q3 2024[4] - Operating profit for the quarter was $3.8 million, up 19% from Q3 2024[4] - Net income was $1.1 million, down 21% from Q3 2024[4] - Gross profit margin improved to 8.7%, up from 6.8% in Q2 2025 and 7.6% in Q3 2024[10] Cash Flow and Liquidity - Cash flow from operating activities was an inflow of $11.6 million, representing a $27.0 million increase compared to the prior quarter[16] - Net cash provided by operating activities for the three months ended September 30, 2025, was $11.59 million, compared to $13.62 million for the same period in 2024, a decrease of approximately 14.9%[29] - Cash and cash equivalents at the end of the period increased to $35.27 million from $34.40 million, showing a growth of about 2.5%[29] - The company reported a net cash used in investing activities of $0.99 million for the three months ended September 30, 2025, compared to $1.41 million in 2024, a decrease of about 29.4%[29] Assets and Liabilities - As of September 30, 2025, total assets increased to $357.83 million from $339.86 million as of December 31, 2024, reflecting a growth of approximately 5.8%[26] - Current liabilities rose to $113.13 million from $108.02 million, an increase of about 4.2%[27] - Interest-bearing loans and borrowings in current liabilities increased to $39.63 million from $24.10 million, a significant rise of approximately 64.5%[27] - Trade receivables decreased to $97.37 million from $102.79 million, a decline of about 5.3%[26] Equity and Retained Earnings - Total equity attributable to equity holders of the parent increased to $163.77 million from $154.96 million, representing a rise of approximately 5.7%[27] - Retained earnings increased to $61.58 million from $61.42 million, a growth of approximately 0.3%[27] - Non-controlling interests rose to $64.97 million from $60.41 million, reflecting an increase of about 7.5%[27] Revenue by Region - Revenue from North Asia was $21.3 million, up 20% year-over-year[7] - Thailand revenue increased by 14% both year-over-year and sequentially, driven by public sector projects[8] Expenses - Total selling, general, and administrative expenses increased by 11.1% from the previous quarter, mainly due to higher R&D costs[12] Inventory - Inventory decreased by $7.0 million to $137.4 million, driven by higher public sector demand[15] Volume Metrics - Copper unit volume increased 2% from Q2 2025 and 12% from Q3 2024[2]

Core Insights - Asia Pacific Wire & Cable Corporation Limited (APWC) reported third-quarter revenue of $128.4 million, reflecting a 1% increase from the previous quarter and a 5% increase year-over-year [1][6][7] - The company experienced a 2% increase in copper unit volume from Q2 and a 12% increase from the same period last year, indicating strong demand for its products [2][3] - Despite revenue growth, net income decreased by 21% compared to the same period last year, primarily due to unfavorable foreign exchange movements in 2024 [3][11] Financial Performance - Quarterly revenue was $128.4 million, up $6.2 million (5%) year-over-year and up $1.5 million (1%) sequentially, driven mainly by new orders from public sector customers [6][8] - Gross profit for Q3 was $11.1 million, a 29% increase from Q2 and a 19% increase year-over-year, with a gross profit margin of 8.7% [3][11] - Operating profit reached $3.8 million, up 52% from Q2 and up 19% from Q3 2024 [3][7] Revenue Breakdown - North Asia revenue was $21.3 million, a 20% increase year-over-year but a 6% decrease sequentially, driven by increased sales to the electric vehicle and drone industries [5][8] - Thailand revenue increased by 14% both year-over-year and sequentially, attributed to higher order volumes from public sector projects [9] - Revenue from the Rest of the World (ROW) segment declined slightly due to decreased SDI revenue, although demand for public sector projects remains strong [10] Cost and Expenses - Total operating expenses increased by 14% from the previous quarter, mainly due to higher research and development costs related to flat wire products [12] - The company is focused on reducing working capital and inventory levels to improve cash flow [3][14] Cash Flow and Balance Sheet - Cash and cash equivalents increased to $35.3 million, driven by lower inventory levels and higher accounts payable [14] - Trade receivables decreased to $97.4 million, reflecting improved cash collections [14] - Inventory levels decreased by $7.0 million to $137.4 million, attributed to increased public sector demand [15] Market Outlook - The company remains cautious due to an uncertain macroeconomic outlook and pricing pressures from increased competition [3] - The CEO highlighted the importance of public sector projects as a reliable income source, with contracts often awarded 2 to 3 years before project commencement [3]

Core Viewpoint - Asia Pacific Wire & Cable Corporation Limited has filed a Registration Statement for a proposed rights offering to raise approximately $34.2 million in equity capital, primarily for new production facilities [1][2]. Group 1: Rights Offering Details - The rights offering aims to provide all shareholders the opportunity to participate on a pro rata basis [2]. - Shareholders will receive non-transferable subscription rights at a ratio of one right per common share, allowing them to purchase additional shares at a subscription price of $1.66 each [3]. - An over-subscription right will be available, permitting rights holders to purchase additional shares that remain unsubscribed after the initial offering [4]. Group 2: Shareholder Participation - The controlling shareholder, Pacific Electric Wire & Cable Co., Ltd. (PEWC), intends to invest at least $27.7 million in the rights offering, although there is no guarantee of participation [5]. Group 3: Regulatory and Procedural Information - The rights offering will not commence until the Registration Statement is declared effective by the SEC, with further details to be provided in the final prospectus [6]. - The record date and subscription period will be announced once established [6]. Group 4: Company Overview - Asia Pacific Wire & Cable Corporation Limited is a holding company based in Bermuda, primarily engaged in manufacturing and distributing enameled wire, power cable, and telecommunications products across the Asia Pacific region [8]. - The company also provides project engineering services related to power cable supply and installation, serving various major customers including appliance manufacturers and electrical contracting firms [8].

Core Viewpoint - Asia Pacific Wire & Cable (APWC) experienced a stock price increase of 3.41% on August 19, closing at $1.825 per share, with a total market capitalization of $37.63 million [1] Financial Performance - For the fiscal year ending June 30, 2025, APWC reported total revenue of $227 million, reflecting a year-on-year growth of 6.14% [1] - The net profit attributable to shareholders was a loss of $901,000, which represents a significant decline of 76.67% compared to the previous year [1] - Basic earnings per share were reported at a loss of $0.04 [1] Business Operations - APWC primarily engages in the manufacturing and distribution of telecommunications (copper and fiber), power cables, and enameled wire products in the Asia-Pacific region [1] - The company also provides engineering project services related to the supply, delivery, and installation of power cables [1]

Core Insights - APWC's stock opened up by 3.06% on August 18, reaching $1.85 per share with a total market capitalization of $38.14 million [1] Financial Performance - For the fiscal year ending June 30, 2025, APWC reported total revenue of $22.7 million, reflecting a year-on-year growth of 6.14% [1] - The net profit attributable to shareholders was a loss of $0.901 million, a significant decrease of 76.67% compared to the previous year [1] - Basic earnings per share were reported at a loss of $0.04 [1] Business Overview - APWC primarily engages in the manufacturing and distribution of telecommunications (copper and fiber), power cables, and enameled wire products in the Asia-Pacific region [1] - The company also provides engineering project services related to the supply, delivery, and installation of power cables [1]

Core Viewpoint - Asia Pacific Wire & Cable (APWC) experienced a stock price increase of 5.26% on August 14, reaching $1.80 per share, with a total market capitalization of $37.11 million [1] Financial Performance - For the fiscal year ending December 31, 2024, APWC reported total revenue of $473 million, reflecting a year-over-year growth of 11.02% [1] - The company's net profit attributable to shareholders was $3.486 million, which represents a year-over-year decrease of 9.85% [1] Business Operations - APWC primarily engages in the manufacturing and distribution of telecommunications (copper and fiber), power cables, and enameled wire products in the Asia-Pacific region [1] - The company also provides engineering project services related to the supply, delivery, and installation of power cables for its clients [1]

[Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) [Q2 2025 Financial Highlights](index=1&type=section&id=Q2%202025%20Financial%20Highlights) APWC reported strong financial results for Q2 2025, with significant increases in revenue and earnings per share (EPS) both quarter-over-quarter and year-over-year. Copper unit volume also saw a sequential increase **Q2 FY2025 Key Financial Highlights:** | Metric | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Q/Q Change | Y/Y Change | | :---------------- | :-------- | :-------- | :-------- | :--------- | :--------- | | Revenue | $126.9M | $100.6M | $113.9M | +26% | +11% | | EPS | $0.03 | $(0.07) | $(0.02) | +143% | +250% | | Copper Unit Volume | N/A | N/A | N/A | +13% | -9% | [CEO Commentary & Strategic Outlook](index=1&type=section&id=CEO%20Commentary%20%26%20Strategic%20Outlook) Chairman and CEO Yuan Chun Tang highlighted Q2 revenue growth despite trade uncertainty, attributing it to pull-forward customer orders and strong branding for public sector projects. He also outlined strategic plans, including a rights offering to invest in new production facilities (potentially in North America) and new technologies to enhance the product portfolio, expressing optimism for long-term growth - Revenue growth in Q2 was driven by pull-forward customer orders ahead of tariffs and the company's strong branding and qualifications for public sector projects[3](index=3&type=chunk) - APWC plans a rights offering to invest in new production facilities, considering sites in Asia and North America, to leverage global supply chain re-alignment and low tariff rates[3](index=3&type=chunk) - The company is investing in new technologies to enhance its product portfolio and drive future growth, maintaining optimism for long-term potential despite near-term caution[3](index=3&type=chunk) [Financial Performance Analysis (Q2 FY2025)](index=2&type=section&id=Financial%20Performance%20Analysis%20(Q2%20FY2025)) [Revenue Analysis](index=2&type=section&id=Revenue%20Analysis) APWC's Q2 FY225 revenue reached $126.9 million, marking a 26% sequential increase and an 11% year-over-year increase. On a constant currency basis, revenue grew 23% QoQ. Growth was observed across all reportable segments, with specific drivers in North Asia, Thailand, and ROW **Q2 FY2025 Revenue Performance:** | Metric | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Q/Q Change | Y/Y Change | | :-------------------- | :-------- | :-------- | :-------- | :--------- | :--------- | | Total Revenue | $126.9M | $100.6M | $113.9M | +26% | +11% | | Constant Currency Q/Q | N/A | N/A | N/A | +23% | N/A | **Q2 FY2025 Revenue by Reportable Segments (in millions):** | Segment | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Q/Q Change | Y/Y Change | | :-------- | :-------- | :-------- | :-------- | :--------- | :--------- | | North Asia | $22.8 | $18.9 | $19.3 | +21% | +18% | | ROW | $59.8 | $45.4 | $54.3 | +32% | +10% | | Thailand | $44.3 | $36.3 | $40.3 | +22% | +10% | | Total | $126.9 | $100.6 | $113.9 | +26% | +11% | - North Asia revenue growth was partly driven by customers pulling forward orders due to U.S. tariff deadlines and steady growth in flat wire sales from EV development[9](index=9&type=chunk) - Thailand revenue increased due to higher order volumes, foreign exchange appreciation, and changes in product mix. ROW revenue grew significantly from the completion of public sector projects and sustained high demand for new projects[10](index=10&type=chunk) [Gross Profit Analysis](index=2&type=section&id=Gross%20Profit%20Analysis) Gross profit margin for Q2 FY2025 significantly improved to 6.8%, up from 3.6% in the prior quarter and 4.3% in the same period last year. This expansion was primarily driven by a higher margin product mix, though gains were partially offset by intensified price competition and fluctuations in copper prices and exchange rates **Q2 FY2025 Gross Profit Performance:** | Metric | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Q/Q Change | Y/Y Change | | :---------- | :-------- | :-------- | :-------- | :--------- | :--------- | | Gross Profit | $8.6M | $3.7M | $4.9M | +132% | +76% | | Gross Margin | 6.8% | 3.6% | 4.3% | +3.2 pp | +2.5 pp | - Margin expansion was mainly driven by a **higher margin product mix**[11](index=11&type=chunk)[13](index=13&type=chunk) - Gains were partially offset by intensified price competition, fluctuations in copper prices, and exchange rates[13](index=13&type=chunk) [Operating Expenses](index=4&type=section&id=Operating%20Expenses) Total selling, general, and administrative (SG&A) expenses remained largely flat in Q2 FY2025. An increase in selling expenses was offset by decreases in other expenses **Q2 FY2025 Operating Expenses (in millions):** | Metric | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Q/Q Change | Y/Y Change | | :------------------ | :-------- | :-------- | :-------- | :--------- | :--------- | | Operating Expenses | $6.4 | $6.4 | $6.2 | 0% | +3% | [Net Income and EPS](index=2&type=section&id=Net%20Income%20and%20EPS) APWC reported a net income of $0.6 million for Q2 FY2025, a significant turnaround from losses in the prior quarter and prior year. Basic and diluted earnings per share (EPS) were $0.03, reflecting substantial growth **Q2 FY2025 Net Income and EPS:** | Metric | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Q/Q Change | Y/Y Change | | :---------------- | :-------- | :-------- | :-------- | :--------- | :--------- | | Net Income / (loss) | $0.6M | $(1.5)M | $(0.4)M | +140% | +250% | | EPS | $0.03 | $(0.07) | $(0.02) | +143% | +250% | [Financial Position and Cash Flow (Q2 FY2025)](index=4&type=section&id=Financial%20Position%20and%20Cash%20Flow%20(Q2%20FY2025)) [Balance Sheet Overview](index=4&type=section&id=Balance%20Sheet%20Overview) As of Q2 FY2025, cash and cash equivalents decreased due to higher supplier payments, while trade receivables increased significantly driven by customer orders. Inventory levels decreased as raw materials were utilized for deliveries **Q2 FY2025 Balance Sheet Highlights (vs. Q1 FY2025, in millions):** | Metric | Q2 FY2025 | Q1 FY2025 | Change | | :---------------------- | :-------- | :-------- | :----- | | Cash & Cash Equivalents | $35.0 | $38.3 | $(3.3) | | Trade Receivables | $97.7 | $84.7 | +$13.0 | | Inventory | $144.5 | $149.4 | $(5.0) | - Decrease in cash and cash equivalents was mainly due to increased payments to suppliers, aligning with higher sales activities[15](index=15&type=chunk) - Increase in trade receivables was primarily driven by higher customer orders and pull-forward demand[15](index=15&type=chunk) - Inventory decreased as raw material build-up was consumed for customer order deliveries[16](index=16&type=chunk) [Cash Flow Analysis](index=4&type=section&id=Cash%20Flow%20Analysis) Operating activities in Q2 FY2025 resulted in a cash outflow of $15.5 million, an increase in outflow compared to the prior quarter due to higher vendor payments. However, this outflow was lower year-over-year, benefiting from increased cash inflows from pull-forward demand and public sector purchases **Q2 FY2025 Cash Flow from Operating Activities (in millions):** | Metric | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Q/Q Change | Y/Y Change | | :-------------------------------- | :-------- | :-------- | :-------- | :--------- | :--------- | | Net cash used in operating activities | $(15.5) | $(2.0) | $(22.9) | $(13.4) | +$7.4 | - Higher operating cash outflow QoQ was primarily driven by increased cash payments to vendors, despite stronger cash collections[17](index=17&type=chunk) - Year-over-year improvement in operating cash flow was mainly due to pull-forward demand and increased public sector purchases, leading to higher cash inflows[17](index=17&type=chunk) [Company Information](index=4&type=section&id=Company%20Information) [About APWC](index=4&type=section&id=About%20APWC) Asia Pacific Wire & Cable Corporation Limited is a Bermuda-incorporated holding company with operations across the Asia Pacific region. Through its subsidiaries, it manufactures and distributes enameled wire, power cable, and telecommunications products, also providing project engineering services. Its customer base includes appliance component manufacturers, electrical contracting firms, state-owned entities, and wire and cable dealers - APWC is a holding company operating through subsidiaries, primarily engaged in the manufacture and distribution of enameled wire, power cable, and telecommunications products[19](index=19&type=chunk) - The company's geographical presence includes Thailand, Singapore, Australia, the People's Republic of China, Hong Kong, and other Asia Pacific markets[19](index=19&type=chunk) - APWC also distributes products from its controlling shareholder and third parties, and offers project engineering services for power cable supply, delivery, and installation[19](index=19&type=chunk) [Safe Harbor Statement](index=4&type=section&id=Safe%20Harbor%20Statement) The Safe Harbor Statement advises that the release contains forward-looking statements, which are subject to known and unknown risks and uncertainties that could cause actual results to differ materially. Investors are cautioned not to place undue reliance on these statements, and the Company does not assume a duty to update them - The release contains forward-looking statements identified by terms like 'believes,' 'anticipates,' 'expects,' 'estimates,' 'intends,' 'plans,' or similar expressions[21](index=21&type=chunk) - These statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described[21](index=21&type=chunk) - Investors should not place undue reliance on forward-looking statements, and the Company does not assume a duty to update them[21](index=21&type=chunk) [Investor Relations](index=6&type=section&id=Investor%20Relations) Contact information for investor relations is provided through Pacific Holdings Group, including a phone number and email address for inquiries - Investor Relations Contact: **Paul Weber, Pacific Holdings Group, Phone: (469) 797-7191, Email: pweber@pusa.com**[22](index=22&type=chunk) [Consolidated Financial Statements (Q2 FY2025)](index=7&type=section&id=Consolidated%20Financial%20Statements%20(Q2%20FY2025)) [Consolidated Income Statements](index=7&type=section&id=Consolidated%20Income%20Statements) This section presents the unaudited consolidated income statements for the three and six months ended June 30, 2025, and 2024, providing a detailed breakdown of revenues, costs, profits, and losses **Consolidated Income Statements (in millions):** | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :---------------------------------- | :------ | :------ | :------- | :------- | | Revenue | 126.9 | 113.9 | 227.5 | 214.3 | | Cost of sales | (118.3) | (109.0) | (215.2) | (200.8) | | Gross profit | 8.6 | 4.9 | 12.3 | 13.5 | | Operating profit/(loss) | 2.5 | (0.9) | (0.3) | 1.2 | | Profit/(loss) for the period | 1.4 | (0.7) | (0.9) | (0.0) | | Basic and diluted profit per share | $0.03 | $(0.02) | $(0.04) | $(0.02) | [Consolidated Statements of Comprehensive Income](index=9&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) This section provides the unaudited consolidated statements of comprehensive income for the three and six months ended June 30, 2025, and 2024, detailing the profit or loss for the period and other comprehensive income/loss components, net of tax **Consolidated Statements of Comprehensive Income (in millions):** | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :------------------------------------------------ | :------ | :------ | :------- | :------- | | Profit/(loss) for the period | 1.4 | (0.7) | (0.9) | (0.0) | | Other comprehensive income/(loss) for the year, net of tax | 8.9 | 0.5 | 11.0 | (10.1) | | Total comprehensive income/(loss) for the period, net of tax | 10.2 | (0.3) | 10.1 | (10.1) | | Attributable to Equity holders of the parent | 7.0 | 0.3 | 7.1 | (7.1) | | Attributable to Non-controlling interests | 3.2 | (0.6) | 2.9 | (3.0) | [Consolidated Balance Sheets](index=10&type=section&id=Consolidated%20Balance%20Sheets) This section presents the unaudited consolidated balance sheets as of June 30, 2025, and the audited balance sheets as of December 31, 2024, detailing the company's assets, liabilities, and equity **Consolidated Balance Sheets (in millions):** | Metric | June 30, 2025 | December 31, 2024 | | :-------------------------------- | :------------ | :---------------- | | Total assets | 361.5 | 339.9 | | Total liabilities | 136.4 | 124.5 | | Total equity | 225.1 | 215.4 | | Equity attributable to parent | 162.1 | 155.0 | | Non-controlling interests | 63.0 | 60.4 | [Condensed Consolidated Statements of Cash Flows](index=14&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section provides the unaudited condensed consolidated statements of cash flows for the three and six months ended June 30, 2025, and 2024, categorizing cash flows from operating, investing, and financing activities **Condensed Consolidated Statements of Cash Flows (in millions):** | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :------------------------------------ | :------ | :------ | :------- | :------- | | Net cash used in operating activities | (15.5) | (22.9) | (17.5) | (10.8) | | Net cash (used in)/provided by investing activities | (0.9) | 0.1 | (3.0) | (0.8) | | Net cash provided by financing activities | 11.6 | 15.3 | 19.6 | 9.1 | | Net (decrease)/increase in cash and cash equivalents | (3.3) | (7.0) | 0.9 | (4.3) | | Cash and cash equivalents at end of period | 35.0 | 33.7 | 35.0 | 33.7 | [Supplemental Financial Information (Q1 FY2025)](index=15&type=section&id=Supplemental%20Financial%20Information%20(Q1%20FY2025)) [Q1 2025 Consolidated Income Statements](index=16&type=section&id=Q1%202025%20Consolidated%20Income%20Statements) This section provides the unaudited consolidated income statements specifically for the three months ended March 31, 2025, and 2024, offering a detailed view of the first quarter's financial performance **Q1 2025 Consolidated Income Statements (in millions):** | Metric | Q1 2025 | Q1 2024 | | :---------------------------------- | :------ | :------ | | Revenue | 100.6 | 100.4 | | Cost of sales | (96.9) | (91.8) | | Gross profit | 3.7 | 8.6 | | Operating (loss)/profit | (2.7) | 2.1 | | (Loss)/Profit for the period | (2.3) | 0.7 | | Basic and diluted profit per share | $(0.07) | $0.00 | [Q1 2025 Consolidated Statements of Comprehensive Income](index=17&type=section&id=Q1%202025%20Consolidated%20Statements%20of%20Comprehensive%20Income) This section presents the unaudited consolidated statements of comprehensive income for the three months ended March 31, 2025, and 2024, detailing the comprehensive income components for the first quarter **Q1 2025 Consolidated Statements of Comprehensive Income (in millions):** | Metric | Q1 2025 | Q1 2024 | | :------------------------------------------------ | :------ | :------ | | (Loss)/Profit for the period | (2.3) | 0.7 | | Other comprehensive income/(loss) for the year, net of tax | 2.1 | (10.5) | | Total comprehensive loss for the period, net of tax | (0.2) | (9.8) | | Attributable to Equity holders of the parent | 0.1 | (7.4) | | Attributable to Non-controlling interests | (0.3) | (2.4) | [Q1 2025 Consolidated Balance Sheets](index=18&type=section&id=Q1%202025%20Consolidated%20Balance%20Sheets) This section details the unaudited consolidated balance sheets as of March 31, 2025, and the audited balance sheets as of December 31, 2024, providing a snapshot of the company's financial position at the end of the first quarter **Q1 2025 Consolidated Balance Sheets (in millions):** | Metric | March 31, 2025 | December 31, 2024 | | :-------------------------------- | :------------- | :---------------- | | Total assets | 352.5 | 339.9 | | Total liabilities | 137.3 | 124.5 | | Total equity | 215.2 | 215.4 | | Equity attributable to parent | 155.1 | 155.0 | | Non-controlling interests | 60.1 | 60.4 | [Q1 2025 Condensed Consolidated Statements of Cash Flows](index=21&type=section&id=Q1%202025%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This section outlines the unaudited condensed consolidated statements of cash flows for the three months ended March 31, 2025, and 2024, presenting the cash flow activities for the first quarter **Q1 2025 Condensed Consolidated Statements of Cash Flows (in millions):** | Metric | Q1 2025 | Q1 2024 | | :------------------------------------ | :------ | :------ | | Net cash (used in)/provided by operating activities | (2.0) | 12.1 | | Net cash used in investing activities | (2.0) | (0.9) | | Net cash provided by/(used in) financing activities | 8.0 | (6.2) | | Net increase in cash and cash equivalents | 4.2 | 2.7 | | Cash and cash equivalents at end of period | 38.3 | 40.7 |