New Times Corporation Swings to Deep 2025 Loss on Argentina Exit and Higher Operating Deficit

New Times Energy Corporation Limited ( (HK:0166) ) has issued an update.

New Times Corporation reported a sharp widening of its full-year loss for 2025 despite strong revenue growth, as continued operations remained loss-making and a major non-cash hit from discontinued operations weighed on results. Revenue from continuing operations climbed to HK$14.93 billion from HK$10.87 billion, but the group posted a loss before tax of HK$147.3 million and an adjusted EBITDA loss of HK$69.9 million, with no final dividend proposed.

The group’s results were dominated by the disposal of its long-held Argentina oil and gas assets, which generated a one-off, non-cash accounting loss of about HK$646 million largely from reclassifying cumulative exchange differences under accounting rules. Management framed the Argentina exit as a strategic move to withdraw from a volatile market and redeploy resources into more stable jurisdictions, while stressing its strong cash reserves and lack of bank or institutional debt as it prepares for what it expects to be a pivotal year in 2026.

The most recent analyst rating on (HK:0166) stock is a Hold with a HK$0.04 price target. To see the full list of analyst forecasts on New Times Energy Corporation Limited stock, see the HK:0166 Stock Forecast page.

More about New Times Energy Corporation Limited

New Times Corporation Limited is a Bermuda-incorporated company listed in Hong Kong that operates two core businesses. It runs an energy division focused on upstream oil and gas exploration and production in Canada, alongside energy transition initiatives in Campbell River, British Columbia, and a Hong Kong-based precious metals trading and refinery business specialising in gold and silver.

Average Trading Volume: 3,292,756

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$349.7M

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