Newton Resources reports net loss as revenue, profit decline in H1 2025

Newton Resources Ltd announced its interim results for the six-month period ended June 30, 2025, revealing a substantial decline in financial performance. Revenue fell to $108,681,000, down from $174,757,000 in the corresponding prior period. Gross profit also decreased significantly, reaching $2,184,000 compared to $4,980,000 previously. This resulted in a net loss of $437,000 for the period, a stark contrast to the net profit of $1,407,000 reported in the first half of 2024. Basic loss per share for the period was ($0.01).

The decline was primarily driven by a reduction in iron ore supply from a key vendor and a significant drop in the unit gross profit of iron ores due to weak demand. The group purchased and sold approximately 1.2m tonnes of iron ores, a 20% decrease period-over-period. Total assets stood at $57,405,000, down from $71,414,000 at December 31, 2024, while total equity also decreased slightly to $29,595,000.

Despite the downturn, the group's liquidity ratio remained stable at 1.9. Newton Resources will continue to explore new iron ore sources and other commodities, including potential mergers and acquisitions, to strengthen its sustainable development amidst ongoing market challenges.