TIMELESS Resources Holdings Limited issued a Positive Profit Alert indicating an expected net profit of not less than HK$2.00 million for the financial year ended 31 March 2026, reversing the HK$16.00 million loss recorded in FY2025.
Management attributes the improvement to two factors:
1. Mining Operations: The exploration, development and exploitation of mines and sales of precious metals segment is projected to post a profit for FY2026, contrasting with a HK$6.40 million segment loss in FY2025.
2. IT Solutions Expansion: The Group’s integrated IT solutions and related services business has expanded, leading to a higher segment profit for the period.
The figures are based on unaudited consolidated management accounts and remain subject to review by the company’s auditors and audit committee. Final audited results are scheduled for release in June 2026.
The Board advises shareholders and potential investors to exercise caution when dealing in TIMELESS shares until the audited results are published.