Newton Resources Ltd
1231.HK
Hong Kong Stock Exchange0.31
HKD
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Newton Resources Ltd
1231.HK
(Hong Kong Stock Exchange)
Recent
price
0.31
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Newton Resources Ltd (1231.HK) is an investment holding company principally engaged in the resources business, focusing on the sourcing, supply and trading of iron ores and other commodities including coals; it also provides value-added services such as supplier management, logistics support, shipping services under chartering arrangements and financing or credits to suppliers, primarily serving customers in Mainland China through ports of discharge with operations extending internationally. Founded in 2005 and headquartered in Wan Chai, Hong Kong, with key office locations at Units 4204-05, 42/F, Dah Sing Financial Centre, the company sources medium- to high-grade hematite ores, averaging around 64-65% Fe, mainly from the Koolan Hematite Mine under a long-term supply agreement entitling it to 80% of available production, alongside iron ores from other mines; during the first half of 2025, it purchased and sold about 1.2 million tonnes of iron ores, comprising 1.0 million tonnes from Koolan and 0.2 million tonnes from other sources, priced with reference to Platts 62% Fe CFR North China index or Platts 65% Fe CFR North China index adjusted for quality, impurity levels and cargo specifications, while employing hedging strategies via iron ore futures and swaps to manage price quotation period differentials and market volatility. In recent developments, the company navigated a challenging market with declining iron ore indices amid weak steel demand and supply constraints, reporting revenue of US$108.7 million and a net loss of US$0.4 million for the six months ended 30 June 2025 due to reduced supply volumes from a key supplier, lower unit gross profits and decreased shipments compared to the prior period; it maintains a healthy liquidity position with a 1.9 liquidity ratio, net cash of US$15.2 million and unutilised trade finance facilities of US$302.3 million as at 30 June 2025, while exploring new commodity sources, mergers, acquisitions and collaborations for diversification and sustainable growth, with no significant investments, acquisitions or disposals recorded in the period and employee headcount at 31.