Persistence Resources Group Ltd. Reports 28.5% Revenue Increase and 8.4% Profit Growth for H1 2025

Reuters
Aug 29
Persistence Resources Group Ltd. Reports 28.5% Revenue Increase and 8.4% Profit Growth for H1 2025

Persistence Resources Group Ltd. has reported its interim results for the six months ended 30 June 2025. The Group's revenue increased significantly by approximately 28.5% to RMB303.5 million, up from RMB236.2 million during the same period in 2024. This increase was driven primarily by a 34.2% rise in the average selling price, although it was slightly offset by a 4.3% decrease in sales volume. The Group's cost of sales also saw an increase, reaching RMB148.0 million from RMB110.7 million in the previous year, marking a rise of 33.7%. This was attributed to higher costs associated with the inclusion of Yantai Mujin, increased tailing processing fees, safety production expenses for open pit and underground mines, depreciation expenses, and resources tax. The gross profit for the period was RMB155.5 million, compared to RMB125.5 million in 2024. Profit before tax stood at RMB128.6 million, up from RMB114.8 million the previous year. The profit for the period attributable to the owners of the parent company increased to RMB62.8 million from RMB57.3 million in 2024, while the profit attributable to non-controlling interests was RMB22.7 million, compared to RMB21.6 million a year earlier. The Group did not provide any outlook or guidance for future periods in the released document.

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