AustAsia Group Ltd. Reports 7.1% Decline in Revenue and 40.6% Reduction in Net Loss for 1H2025; Basic Loss Per Share Decreases by 40.7%
AustAsia Group Ltd. has released its consolidated results for the six months ended 30 June 2025, reporting a revenue of RMB1.698 billion, representing a decrease of 7.1% compared to the RMB1.828 billion recorded in the same period of 2024. The gross profit for the period increased by 35.1%, reaching RMB295.9 million, up from RMB219.0 million in the first half of 2024. The Group reported a net loss of RMB377.8 million for the Reporting Period, a reduction of 40.6% from the RMB636.0 million loss recorded in the previous year. This loss is primarily attributed to the changes in fair value less costs to sell of other biological assets, amounting to RMB462.4 million, which were influenced by declines in the selling price of raw milk and culling cattle. In terms of segment performance, the Raw milk business, Beef cattle business, and Ancillary business contributed to sales of RMB1.424 billion, RMB219.5 million, and RMB184.1 million, respectively. The Group's Cash EBITDA, a non-IFRS financial measure, increased by 48.5% to RMB343.9 million from RMB231.5 million in the previous period. No specific outlook or guidance for future performance was provided in the report.
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