Lingbao Gold (03330) announced interim results. Profit attributable to shareholders of 972 million yuan increased by 46.45% year-on-year

According to the Zhitong Finance App, Lingbao Gold (03330) announced interim results for the six months ended June 30, 2026. The group obtained revenue of RMB 7.988 billion (same unit), an increase of 2.51% over the previous year; profit attributable to the company's equity shareholders was 972 million yuan, an increase of 46.45% year on year; profit per share was 72.72 points.

According to the announcement, the net profit performance was mainly affected by the following factors:

(i) Mainly due to the Group's strengthening of production organization in the first half of 2026, deepening internal exploration, and taking more measures to reduce costs and increase efficiency, as well as the increase in the prices of the Group's main products, gold, silver, copper and sulfuric acid compared to the same period in 2025;

(ii) The Group completed a subscription transaction for 50% +1 share of St Barbara Mining Pty Ltd (target company) on April 2, 2026. The target company's core asset is the Simberi gold mine in Papua New Guinea. The financial results of the target company since the subscription transaction was completed have been consolidated into the Group's comprehensive financial statements, which has had a positive impact on the Group's performance;

(iii) The net profit of the Group was affected by the recording of approximately $249 million in changes in the fair value of convertible bonds and related financial expenses (including actual estimated interest) of approximately $22.11 million (the Board of Directors hereby emphasizes that this matter is a non-cash item, due only to application and compliance with relevant accounting standards, does not involve any cash outflow, nor does it reflect the Group's basic core operating performance), which significantly offset the profit from the core business.