Core Viewpoint - New Era Group Holdings (00166) reported a significant increase in revenue but faced substantial losses due to various operational challenges and market conditions [1] Financial Performance - The company achieved revenue of HKD 7.086 billion, representing a year-on-year increase of 56.85% [1] - The loss attributable to shareholders was HKD 61.1 million, an increase of 145.38% compared to the previous year [1] - The loss per share was HKD 0.007 [1] Operational Challenges - The after-tax loss was primarily influenced by weak natural gas prices and a decline in production from the company's Canadian energy operations, which compressed operating profit margins and resulted in negative EBITDA [1] - Unlike the first half of 2024, which was affected by wildfires, the first half of 2025's performance was impacted by pipeline delivery restrictions from Nova Gas Transmission Ltd. (NGTL) and ongoing shutdowns in the Horn River Basin due to low prices and reduced production [1] Business Segments - The precious metals refining and trading business continued to incur losses, despite an increase in overall sales compared to the same period last year, due to low refinery utilization rates and intensified competition from the Middle East [1] - The company reported a net investment income of HKD 9.3 million, reversing the losses from the same period last year, driven by improved market sentiment [1]

Core Viewpoint - New Era Group Holdings (00166) reported a significant increase in revenue but faced substantial losses due to various operational challenges and market conditions [1] Financial Performance - The company achieved revenue of HKD 7.086 billion, representing a year-on-year increase of 56.85% [1] - The loss attributable to shareholders was HKD 61.1 million, an increase of 145.38% compared to the previous year [1] - Earnings per share reflected a loss of HKD 0.007 [1] Operational Challenges - The after-tax loss was primarily influenced by weak natural gas prices and a decline in production from the company's Canadian energy operations, which compressed operating profit margins and resulted in negative EBITDA [1] - Unlike the production interruptions caused by wildfires in the first half of 2024, the first half of 2025's performance was affected by pipeline delivery restrictions from Nova Gas Transmission Ltd. (NGTL) and ongoing shutdowns in the Horn River Basin due to low prices [1] - The company's precious metals refining and trading business continued to incur losses despite an increase in overall sales compared to the same period last year, facing low refinery utilization rates and intensified competition from the Middle East [1] Investment Income - The company reported a net investment income of HKD 9.3 million, reversing the losses experienced in the same period last year, driven by improved market sentiment [1]