LYGEND RESOURCE (02245) has released its annual results for the period ended December 31, 2025. The Group reported revenue of RMB 40.24 billion, an increase of 37.65% year-on-year. Profit attributable to owners of the parent company amounted to RMB 2.857 billion, up 61.15% compared to the previous year. Earnings per share were RMB 1.84, and a final dividend of RMB 0.60 per share is proposed.
The increase in revenue was primarily attributed to higher income generated from the Group's nickel product smelting business. As a leading enterprise in China's nickel ore trade sector, the company leverages its exceptional resource integration capabilities and extensive industry experience to consolidate long-term stable supply sources while expanding multiple new supply channels. It continues to deepen its market presence both domestically and internationally.
The company remains customer-oriented, continuously optimizing its trade processes and service systems to strengthen and expand strategic partnerships. During the reporting period, in the nickel ore trade segment, the company focused on the incremental demand from domestic carbon steel plants. Building on an optimized customer structure, it further deepened cooperation, enhancing synergy levels and value effectiveness. At the same time, the company keenly seized structural opportunities in the Indonesian market, supported by forward-looking information analysis, to accelerate overseas business expansion and explore new spaces for resource integration.
In the nickel-iron trade segment, the company closely monitored market trends, fully utilizing its market sensitivity and information advantages as a trader. It strengthened compliance management, precisely adjusted sales strategies, and adopted a combination of framework agreements and flexible orders to actively build a diversified sales network.
Through accurate market judgment and flexible trading strategies, the company achieved steady growth in nickel product trade volume while effectively managing risks, significantly enhancing overall profitability.
Indonesia's influence and voice in the global nickel industry continue to grow. According to the U.S. Geological Survey's (USGS) "Mineral Commodity Summaries 2026," global nickel ore reserves exceeded 350 million tonnes of metal content by the end of 2025, with 54% being lateritic nickel ore. Among the world's proven nickel resources, Indonesia holds the richest nickel reserves, accounting for approximately 44% of the global total. In terms of nickel ore supply, Indonesia's share of global supply increased from 62% in 2024 to 67% in 2025.
Focusing on the smelting and production of nickel products, the company adheres to an open cooperation philosophy. By collaborating with partners in Indonesia, it strives to optimize resource allocation and provide comprehensive support for the Obi project in Indonesia.
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