Steel

IRC released FY2025 Q3 earnings on March 24 (BJT), actual revenue HKD 526.32 M, actual EPS HKD -0.0898

IRC released FY2025 9 Months earnings on March 24 (BJT), actual revenue HKD 1.486 B, actual EPS HKD -0.7134

IRC released FY2025 annual earnings on March 24 Pre-Market (BJT), actual revenue HKD 2.012 B, actual EPS HKD -0.8023 (forecast EPS HKD 2.3824)

IRC released FY2025 Q4 earnings on March 24 Pre-Market (BJT), actual revenue HKD 526.12 M, actual EPS HKD -0.0898

IRC to Release FY2025 Earnings on March 25 Pre-Market (BJT), Forecast EPS HKD 2.3824

IRC released FY2025 Q2 earnings on August 27 (BJT), actual revenue HKD 481.98 M, actual EPS HKD -0.3132

IRC released FY2025 Semi-Annual Earnings on August 27 (BJT), actual revenue HKD 959.62 M, actual EPS HKD -0.6235

IRC released FY2025 Q1 earnings on August 27 (BJT), actual revenue HKD 477.64 M, actual EPS HKD -0.3103

IRC FY2025 Semi-Annual Earnings Release on August 21, 2025 (BJT)

IronOre cancels shares for share consolidation

Iron Ore Announces Plan to Merge Shares at 10 to 1 Ratio

IRC released FY2024 Q3 earnings on March 26 (BJT), actual revenue HKD 422.86 M, actual EPS HKD -0.0313

IRC released FY2024 Q4 earnings on March 26, 2025 (BJT) with actual revenue of HKD 422.54 M and EPS of HKD -0.0313

IRC released FY2024 Annual Earnings on March 26 (BJT), actual revenue HKD 1.724 B (forecast HKD 4.53 B), actual EPS HKD -0.1807 (forecast HKD 2.2805)

IRC released FY2024 9 Months earnings on March 26 (BJT), actual revenue HKD 1.301 B, actual EPS HKD -0.1558

IRC to Release FY2024 Q4 Earnings on March 20, 2025 (BJT)

Iron Ore Company Issues Profit Warning, Expected Loss of 20 to 30 Million USD in 2024

Iron Goods' Iron Concentrate Production and Sales Growth in Q4 2024

Iron Goods Announces Issuance of 4.26 Billion Rights Shares on December 13, 2024

IRC released FY2024 Q1 earnings on August 29 (BJT), actual revenue HKD 439.51 M, actual EPS HKD -0.0626

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IRC (SEHK:1029) reported a deeper loss of US$0.08 EPS for FY 2025's first half, with revenue increasing to US$122.8 million but net income showing a loss of US$102.0 million. Despite higher iron production, profitability remains elusive, leading to concerns over rising operational costs. The company has faced a multi-year earnings decline of 54.8% annually, and its P/S ratio of 0.5x raises questions amid growing losses and shareholder dilution. Investors are advised to consider long-term trends and risks before making decisions.

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IRC (SEHK:1029) Loss Deepens To US$0.08 EPS And Reinforces Bearish Narratives

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IRC Limited reported a 23% increase in iron ore production to 2.93 million tonnes in 2025, with sales volume up 25%, despite a challenging price environment. However, the company faced a net loss of US$131.5 million due to a US$152.9 million impairment charge. The balance sheet was strengthened by a rights issue and loan repayments, positioning IRC to better handle market challenges. Analysts rate the stock as a Hold with a price target of HK$0.52.

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IRC boosts iron ore output but books heavy impairment-driven loss for 2025

IRC Limited has completed a rights issue, raising approximately HK$323.6 million, with Axioma Capital increasing its stake to about 73.95%. The rights issue saw 73.03% of shares subscribed, with the remainder underwritten by Axioma. The funds will be allocated to repay debts, support mining operations at the K&S project, and replenish working capital. The latest analyst rating for IRC stock is a Hold with a price target of HK$0.52.

IRC Rights Issue Raises HK$323.6 Million and Lifts Axioma Capital’s Stake to Nearly 74%

IRC announced the results of the rights issue, with a subscription rate of approximately 73.03%, receiving a total of 8 valid applications involving about 467 million shares. The underwriters have subscribed for approximately 415 million shares according to their quotas, and the remaining approximately 172 million shares will be handled through a placement. The placement agent will make efforts to find buyers for the unsubscribed shares, and the related net proceeds will be proportionally distributed to shareholders who did not participate in the rights issue. The final results are expected to be announced on February 5, 2026

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The subscription rate for the IRC rights issue is approximately 73%, and the unsubscribed shares will be handled through placement

IRC announced a proposed rights issue of 638 million shares; the subscription price is HKD 0.51, representing a discount of 16.39% compared to the last trading day (24th). The maximum fundraising amount is HKD 326 million, with a net amount of HKD 324 million intended for repaying the principal of loans payable to MIC; allocating to K&S's mining operations; and supplementing general working capital

IRC discount 16.39% second supply one maximum fundraising of 326 million yuan

IRC plans to issue up to approximately 639 million rights shares on a "2 for 1" basis, at HKD 0.51 per share, representing a discount of about 16.39%. This rights issue is expected to raise up to approximately HKD 326 million, with a net amount of about HKD 324 million, of which 68% will be used to repay the principal of MIC loans, 22% for K&S mining operations, and 10% to supplement general working capital

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Iron Resource plans to issue a rights offering at a discount of approximately 16.39% based on a "2 for 1" ratio to raise up to approximately HKD 326 million

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IRC has completed the sale of a 46% stake in Heilongjiang Jianlong Vanadium Industry Co., Ltd. All government registration and filing procedures have been completed, and the sale price is approximately 32.2 million yuan (about 4.5 million USD). After the completion, IRC no longer holds any equity in the joint venture company

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IRC completes the sale of 46% equity in its joint venture

IRC(01029.HK)