IRC flags steep 2025 loss on major K&S mine impairment

IRC ( (HK:1029) ) has issued an announcement.

IRC Limited has warned shareholders that it expects a sharply wider loss attributable to owners of about US$125 million to US$135 million for 2025, compared with a US$20.5 million loss a year earlier. The deterioration is driven mainly by an approximately US$153 million non-cash, non-recurring impairment charge on the K&S mine, triggered by rouble appreciation and higher forecast operating costs in U.S. dollar terms.

The company stressed that the impairment will not directly affect group cash flows, though it significantly weakens reported profitability for the year. IRC advised investors that the figures are based on unaudited management accounts and may change, and it urged shareholders and potential investors to exercise caution when dealing in its shares ahead of the full 2025 results due later in March 2026.

The most recent analyst rating on (HK:1029) stock is a Hold with a HK$0.52 price target. To see the full list of analyst forecasts on IRC stock, see the HK:1029 Stock Forecast page.

More about IRC

IRC Limited is a Hong Kong-incorporated company listed on the Stock Exchange of Hong Kong. The group operates mining assets including the K&S mine, with results sensitive to Russian rouble movements and U.S. dollar cost forecasts, positioning it within the resources and commodities sector with exposure to Russian operating conditions.

Average Trading Volume: 558,010

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.05B

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