CGN Mining Company Limited (stock code: 01164) has issued an inside-information announcement indicating divergent trends in its preliminary financials for the year ended 31 December 2025.

According to unaudited management accounts, profit before taxation (PBT) from continuing operations is projected to fall by HK$200 million to HK$250 million versus the prior year. Management attributes the contraction primarily to lower natural uranium prices, which reduced the Group’s share of results from its joint venture and associate.

Despite the PBT decline, overall net profit for 2025 is expected to rise by HK$90 million to HK$140 million year-on-year. Key drivers include:

1. Wider trading spreads on natural uranium, lifting gross profit. 2. Absence of non-recurring operating losses recorded in 2024. 3. Lower income-tax expenses compared with the previous year.

The figures are based on management’s preliminary assessment and have neither been audited nor reviewed by the Company’s external auditors or audit committee. Final results are scheduled for release by end-March 2026.

The Board advises shareholders and potential investors to exercise caution when dealing in the Company’s shares.