New Times Energy Flags HK$800 Million 2025 Loss on Argentina Exit and FX Hit

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

New Times Energy Corporation Limited has warned that it expects to post a loss after tax of about HK$800 million for the year ended 31 December 2025, a sharp deterioration from the HK$87.4 million loss recorded in 2024. The company attributes the widened loss mainly to the disposal of its Argentina oil and gas business and the absence of last year’s fair value gain from its Canadian investment property.

A major component of the 2025 loss stems from a one-off, non-cash accounting impact tied to the long-term depreciation of the Argentine peso, which triggered the reclassification of roughly HK$670 million in accumulated exchange losses to profit or loss upon the sale of the Argentina operations. The company stressed that this adjustment does not affect total equity or its continuing operations, but it underscores the earnings volatility linked to foreign exchange exposure and highlights the need for investors to exercise caution as they await the audited annual results due in late March 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 Energy Corporation Limited is a Hong Kong-listed company engaged in energy-related businesses, including oil and gas assets and investment properties, with operations that have included an Argentina oil and gas portfolio and a property investment in Canada. The group focuses on managing and optimizing its energy asset portfolio while navigating currency and market risks across its operating regions.

Average Trading Volume: 3,282,934

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$375.9M

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