Modern Farming reports significant net losses for nine months ended september 2025

Modern Farming (Group) Co., Ltd., a non-wholly owned subsidiary of China Modern Dairy Holdings Ltd., reported an unaudited consolidated net loss of RMB1.02 bn for the nine months ended 30 September 2025. This represents a significant deterioration from the net loss of RMB278.3m recorded in the same period of 2024. The total comprehensive loss for the period also widened to RMB1.02 bn, compared to RMB284.6m in the prior year.

Operating income for Modern Farming slightly decreased to RMB9.35 bn for the nine months ended September 2025, down from RMB9.58 bn in the previous year. A major contributor to the increased losses was a substantial rise in losses arising from changes in fair value, reaching RMB2.36 bn, significantly higher than RMB1.49 bn in 2024. Operating profit also turned to a loss of RMB1.00 bn from a loss of RMB255.7m.

Total liabilities for Modern Farming stood at RMB22.09 bn as of 30 September 2025, an increase from RMB21.25 bn at 31 December 2024. Cash and cash equivalents at the end of the period were RMB2.28 bn, a decrease from RMB3.30 bn at the end of September 2024. Shareholders and potential investors are advised to exercise caution as these figures are unaudited and may require adjustment.