CITIC Resources Warns of 60–70% Profit Slump for 2025 on Lower Oil Prices and Higher Costs

CITIC Resources Holdings ( (HK:1205) ) has shared an announcement.

CITIC Resources Holdings has issued a profit warning, advising shareholders and investors that its unaudited consolidated profit attributable to shareholders for the year ending 31 December 2025 is expected to fall to approximately HK$170 million to HK$230 million, a decline of about 60% to 70% from 2024. The company attributes the anticipated sharp drop primarily to a significant decrease in the average selling price of crude oil, higher raw material costs—especially alumina for its Portland Aluminium Smelter—loss of profit contribution following its exit from Alumina Limited in July 2024, and reduced earnings from a joint venture in oil and bitumen due to lower crude prices. Management stressed that the figures are based on preliminary unaudited accounts and remain subject to year-end impairment assessments, urging investors to exercise caution ahead of the full-year results expected by end-March 2025.

The most recent analyst rating on (HK:1205) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on CITIC Resources Holdings stock, see the HK:1205 Stock Forecast page.

More about CITIC Resources Holdings

CITIC Resources Holdings is a Hong Kong-listed resources company with operations spanning crude oil production, alumina and aluminium-related products, and other energy and commodity interests. The group participates in both upstream oil activities and downstream aluminium smelting, as well as investments in associates and joint ventures engaged in oil development, production and related products such as road bitumen and clarified oil.

Average Trading Volume: 4,445,274

Technical Sentiment Signal: Buy

Current Market Cap: HK$3.1B

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