APAC Resources Limited (“APAC” or the “Company”) and its subsidiaries (collectively, the “Group”) reported a net profit attributable to shareholders of the Company of HK$390,031,000 for the year ended 30 June 2024 (“FY2024”), compared with a net loss attributable to shareholders of the Company of HK$318,547,000 for the year ended 30 June 2023 (“FY2023”). This profit was mostly driven by a strong performance from our Resource Investment division, where we generated a segment profit of HK$403,722,000.

As at 30 June 2024, our non-current assets amounted to HK$1,633,082,000 (As at 30 June 2023: HK$2,025,899,000) and net current assets amounted to HK$2,252,960,000 (As at 30 June 2023: HK$1,569,339,000) with a current ratio of 7.7 times (As at 30 June 2023: 6.1 times) calculated on the basis of its current assets over current liabilities. Included in non- current assets and current assets loan receivables of HK$88,563,000 (As at 30 June 2023: HK$346,074,000).  

As at 30 June 2024, we had borrowings of HK$280,105,000 (excluding lease liabilities) (As at 30 June 2023: HK$183,240,000) and had undrawn letter of credit, bank and other loan facilities amounting to HK$457,152,000. As at 30 June 2024, we had a gearing ratio of nil (As at 30 June 2023: Nil), calculated on the basis of net debt over equity attributable to owners of the Company. For this purpose, net debt is defined as borrowings (excluding lease liabilities) less cash and cash equivalents.