TIMELESS (08028) has released an announcement indicating that, compared to a net loss of HK$16 million for the year ended March 31, 2025, the group expects to achieve a net profit of no less than HK$2 million for the reporting period ending March 31, 2026.

The board believes the anticipated turnaround from loss to profit is primarily attributable to two factors.

Firstly, the performance of the group's mineral exploration, development, and mining operations, along with its precious metals sales business, has shown improvement.

While this segment recorded a loss of HK$6.4 million for the year ended March 31, 2025, it is now projected to report a segment profit for the current reporting period.

Secondly, the group's integrated information technology solutions and other related services business has expanded, leading to an expected increase in segment profit.