CGN MINING (01164) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$1.709 billion, representing a decrease of 58.05% compared to the same period last year. The company reported a loss attributable to owners of HK$67.57 million, compared to a profit of HK$113 million in the corresponding period of the previous year. Loss per share was HK$0.89 cents.

According to the announcement, the decline in profit was primarily attributed to two factors: Firstly, due to significant fluctuations in natural uranium international trading contract prices, combined with the impact of inventory accounting using the weighted average cost method, the unit sales cost of the natural uranium sales business of the group's CGN International Sales Company exceeded the unit selling price executed during the period, resulting in a decrease in the group's natural uranium trading gross profit compared to the same period in 2024. Secondly, affected by the decline in natural uranium prices, the group's share of results from a joint venture and an associate company decreased compared to the same period in 2024.