Financial Performance - For the six months ended September 30, 2025, the company reported a total comprehensive income of HKD 159,719,000, compared to HKD 168,414,000 for the same period in 2024, representing a decrease of approximately 5.2%[5] - The company recorded a pre-tax loss of HKD 7,990,000 for the six months ended September 30, 2025, slightly improved from a loss of HKD 8,539,000 in the prior year, indicating a reduction of about 6.4%[5] - The company reported a loss attributable to shareholders of approximately HKD 7,378,000 for the six months ended September 30, 2025, translating to a basic loss per share of HKD 0.004, compared to a loss of HKD 7,400,000 or HKD 0.004 per share for the same period in 2024[34] - The basic loss per share for the six months ended September 30, 2025, was HKD 7,378,000, compared to HKD 7,400,000 for the same period in 2024[27] - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[26] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 2,812,783,000, an increase from HKD 2,651,342,000 as of March 31, 2025, reflecting a growth of approximately 6.1%[7] - The company's non-current assets increased to HKD 2,759,036,000 as of September 30, 2025, up from HKD 2,582,135,000 at the end of the previous fiscal year, marking a rise of about 6.8%[7] - The company’s equity attributable to owners increased to HKD 2,242,653,000 as of September 30, 2025, compared to HKD 2,117,214,000 at the end of March 2025, showing an increase of about 5.9%[9] - As of September 30, 2025, the company's total assets were approximately HKD 2,818,425,000, with a capital debt ratio of zero, indicating no outstanding bank borrowings[36] Cash Flow - The company reported total other income of HKD 675,000 for the six months ended September 30, 2025, down from HKD 1,157,000 in the previous year[22] - The company incurred employee costs of HKD 5,958,000 for the six months ended September 30, 2025, an increase from HKD 5,474,000 in the same period of 2024[25] - For the six months ended September 30, 2025, the company reported a net cash outflow from operating activities of HKD 20,347,000, a slight improvement from HKD 21,485,000 in the same period of 2024[13] - The total cash and cash equivalents at the end of the period decreased to HKD 41,986,000 from HKD 84,179,000 year-over-year[13] - The company’s cash and bank balances decreased to HKD 41,986,000 from HKD 65,853,000, representing a decline of approximately 36.2%[7] Project Development - The company did not engage in any mining or production activities during the review period, focusing instead on community support initiatives related to the Jeanette project[41] - Jeanette project has a total capital cost estimate of $1.252 billion and a cash operating cost of $546 per ounce of gold[47] - The project is expected to produce 6.4 million ounces of gold over a 22-year mine life, with a sustainable total cost of $591 per ounce[47] - Evander project has a total capital cost estimate of $1.126 billion and a cash operating cost of $723 per ounce of gold[51] - The Evander project is projected to produce 4.1 million ounces of gold over a 20-year mine life, with a total cost of $1,010 per ounce[51] Financing and Investment - The company is focusing on securing equity and debt financing for the Jeanette project from independent third parties, including potential investors from China[53] - A new EPC contract was established for the Jeanette project to facilitate its development, with MCC committed to providing necessary resources[53] - The company plans to initiate financing arrangements with a potential investor in Beijing by November 2025[46] - The financing phase for the Jeanette project is expected to be finalized between Q3 2025 and Q2 2026, with the construction phase projected from Q3 2026 to the end of 2028, and production starting from 2029 to 2050[55] - The timeline for both the Jeanette and Evander projects has been delayed by one year to allow for further discussions and finalization of mining plans and financing arrangements[56] Corporate Governance - The company has adhered to the corporate governance code as per the listing rules for the six months ending September 30, 2025[67] - All directors confirmed compliance with the standard code regarding securities trading for the six months ending September 30, 2025[68] - The audit committee, consisting of three independent non-executive directors, discussed accounting principles and financial reporting matters with management for the six months ending September 30, 2025[70] - The company did not purchase, sell, or redeem any of its shares or other listed securities during the reporting period[71] Employee and Shareholder Information - As of September 30, 2025, the total number of employees in the group is 23, with compensation policies based on performance and market conditions[61] - Major shareholders include Goldborn Holdings Limited with 11.03% and Mandra Materials Limited with 6.49% of the issued shares as of September 30, 2025[64] - The company’s 2020 share option plan has not granted or exercised any options as of September 30, 2025, with the authorized limit adjusted from 1,815,147,198 shares to 181,514,719 shares following a share consolidation[62]
坛金矿业(00621) - 2026 - 中期财报