Lingbao Gold (03330) has unveiled its interim results for the six months ended June 30, 2026, showcasing a robust financial performance. The group reported a revenue of RMB 7.988 billion, marking a year-on-year increase of 2.51%. More notably, the profit attributable to equity shareholders of the company surged by 46.45% to RMB 972 million, with earnings per share reaching 72.72 cents.

According to the company's announcement, this impressive net profit performance can be attributed to a confluence of key factors. Primarily, the group intensified its production management efforts during the first half of 2026, delving deep into internal potential and implementing multiple measures to reduce costs and enhance efficiency. This operational drive was complemented by a favorable uptick in the prices of its principal products—gold, silver, copper, and sulphuric acid—compared to the corresponding period in 2025.

Furthermore, a significant milestone was achieved on April 2, 2026, when Lingbao Gold completed the subscription for a 50%+1 share equity stake in St Barbara Mining Pty Ltd. The core asset of this target company is the operational Simberi gold mine located in Papua New Guinea. Since the completion of this transaction, the target company's financial results have been fully consolidated into the group's comprehensive financial statements, generating a positive impact on the overall performance.

However, the company also noted a counterbalancing effect on its net profit. This was due to the recognition of a fair value loss of approximately RMB 249 million on convertible bonds, along with related finance costs (including effective imputed interest) of about RMB 22.11 million. The board has emphasized that these items are non-cash in nature, arising solely from the application and compliance with relevant accounting standards. They do not involve any cash outflow nor do they reflect the group's underlying core operational performance, yet they significantly offset the profits generated from the core business.