Annuncio • May 29
IRC Limited, Annual General Meeting, Jun 23, 2026 IRC Limited, Annual General Meeting, Jun 23, 2026, at 14:30 China Standard Time. Location: hong thai expo and business centre, 5/f, united centre, 95 queensway, admiralty., Hong Kong Annuncio • Mar 11
IRC Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 IRC Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Annuncio • Oct 25
IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million. IRC Limited has filed a Follow-on Equity Offering in the amount of HKD 325.87689 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 638,974,294
Price\Range: HKD 0.51
Discount Per Security: HKD 0
Transaction Features: Rights Offering Annuncio • Aug 12
IRC Limited to Report First Half, 2025 Results on Aug 21, 2025 IRC Limited announced that they will report first half, 2025 results on Aug 21, 2025 Annuncio • May 16
IRC Limited, Annual General Meeting, Jun 25, 2025 IRC Limited, Annual General Meeting, Jun 25, 2025, at 14:30 China Standard Time. Annuncio • Mar 11
IRC Limited to Report Q4, 2024 Results on Mar 20, 2025 IRC Limited announced that they will report Q4, 2024 results on Mar 20, 2025 New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.6m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€92.6m market cap, or US$99.8m). Reported Earnings • Sep 30
First half 2024 earnings released: US$0.002 loss per share (vs US$0.008 loss in 1H 2023) First half 2024 results: US$0.002 loss per share (improved from US$0.008 loss in 1H 2023). Revenue: US$112.3m (down 19% from 1H 2023). Net loss: US$13.2m (loss narrowed 80% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. New Risk • Sep 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €89.0m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€89.0m market cap, or US$99.5m). Annuncio • Aug 14
IRC Limited to Report First Half, 2024 Results on Aug 26, 2024 IRC Limited announced that they will report first half, 2024 results on Aug 26, 2024 Buy Or Sell Opportunity • Jun 18
Now 104% overvalued The stock has been flat over the last 90 days, currently trading at €0.01. The fair value is estimated to be €0.0049, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Meanwhile, the company became loss making. Annuncio • May 31
IRC Limited, Annual General Meeting, Jun 26, 2024 IRC Limited, Annual General Meeting, Jun 26, 2024, at 14:30 China Standard Time. Location: hong thai expo and business centre, 5/f, united centre, 95 queensway, admiralty, Hong Kong Buy Or Sell Opportunity • May 22
Now 151% overvalued after recent price rise Over the last 90 days, the stock has risen 67% to €0.015. The fair value is estimated to be €0.006, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 30
Full year 2023 earnings released: US$0.018 loss per share (vs US$0.012 loss in FY 2022) Full year 2023 results: US$0.018 loss per share (further deteriorated from US$0.012 loss in FY 2022). Revenue: US$253.0m (down 9.2% from FY 2022). Net loss: US$156.8m (loss widened 78% from FY 2022). Production and reserves: Iron Production: 2.467 Mt (2.57 Mt in FY 2022) Proved and probable reserves (ore): 346.1 Mt (349.8 Mt in FY 2022) Number of mines: 2 (1 in FY 2022) Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2023 earnings released: US$0.018 loss per share (vs US$0.012 loss in FY 2022) Full year 2023 results: US$0.018 loss per share (further deteriorated from US$0.012 loss in FY 2022). Revenue: US$253.0m (down 9.2% from FY 2022). Net loss: US$156.8m (loss widened 78% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Annuncio • Mar 12
IRC Limited to Report Fiscal Year 2023 Final Results on Mar 20, 2024 IRC Limited announced that they will report fiscal year 2023 final results on Mar 20, 2024 Annuncio • Mar 06
IRC Limited to Report Q4, 2023 Results on Mar 07, 2024 IRC Limited announced that they will report Q4, 2023 results Pre-Market on Mar 07, 2024 Annuncio • Feb 23
Axioma Capital Fze Llc completed the acquisition of 26% stake in IRC Limited (SEHK:1029). Axioma Capital Fze Llc made an offer to acquire remaining 69.39% stake in IRC Limited (SEHK:1029) for approximately HKD 700 million on November 1, 2023. Under the terms, Axioma will pay HKD 0.118 per share as consideration. Axioma intends to finance the transaction from its own internal resources. An Independent Board Committee has been established for the transaction. The offer is conditional on valid acceptances being received that will result in Axioma holding more than 50% of the voting rights in IRC Limited. The Board of Directors of IRC Limited recommended the shareholders to accept the offer. The transaction is expected to complete on January 12, 2024. As on January 12, 2024, the closing date has been extended to February 20, 2024. As on February 8, the offer became unconditional and will remain open for acceptances till February 22, 2024. Red Sun Capital Limited acted as financial advisor for Axioma Capital while Amasse Capital Limited acted as financial advisor while Union Registrars Limited acted as a registrar for IRC Limited.Axioma Capital Fze Llc completed the acquisition of 26% stake in IRC Limited (SEHK:1029) on February 22, 2024. Reported Earnings • Aug 31
First half 2023 earnings released: US$0.008 loss per share (vs US$0.011 loss in 1H 2022) First half 2023 results: US$0.008 loss per share (improved from US$0.011 loss in 1H 2022). Revenue: US$139.2m (down 16% from 1H 2022). Net loss: US$65.7m (loss narrowed 16% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 11 percentage points per year, which is a significant difference in performance. Annuncio • Aug 24
IRC Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 IRC Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects to record a profit attributable to the owners of the Company, excluding assets impairment, in the range of approximately USD 5 million to USD 10 million for the Current Period for the six months ended 30 June 2022. Buying Opportunity • Aug 23
Now 30% undervalued after recent price drop Over the last 90 days, the stock is down 42%. The fair value is estimated to be €0.0079, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company became loss making. Annuncio • Aug 16
IRC Limited to Report First Half, 2023 Results on Aug 23, 2023 IRC Limited announced that they will report first half, 2023 results on Aug 23, 2023 Buying Opportunity • Jun 23
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be €0.0057, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company became loss making. Annuncio • Jun 07
IRC Limited, Annual General Meeting, Jun 29, 2023 IRC Limited, Annual General Meeting, Jun 29, 2023, at 14:30 China Standard Time. Location: Hong Thai Expo and Business Centre, 5/F, United Centre, 95 Queensway Admiralty Hong Kong Agenda: To receive and consider the reports of the directors and the auditor of the Company together with the audited consolidated financial statements for the year ended 31 December 2022; to re-appoint RSM Hong Kong as auditor of the Company and authorise the board of directors of the Company to fix the auditor's remuneration; to elect Mr Denis Vitalievich Cherednichenko as an executive director of the Company; and to consider other matters. Board Change • May 11
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Dmitry Vsevolodovich Dobryak is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 31
Full year 2022 earnings released: US$0.012 loss per share (vs US$0.019 profit in FY 2021) Full year 2022 results: US$0.012 loss per share (down from US$0.019 profit in FY 2021). Revenue: US$278.8m (down 25% from FY 2021). Net loss: US$87.9m (down 166% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Feb 11
IRC Limited Provides Group Earnings Guidance for the Year Ended December 31, 2022 IRC Limited Provided Group Earnings Guidance for the Year Ended December 31, 2022. For the year, the Group expects to record a loss attributable to the owners of the Company of between approximately USD 90 million to USD 100 million (corresponding period in 2021: profit of USD 134 million). Annuncio • Oct 13
IRC Limited has completed a Follow-on Equity Offering in the amount of HKD 151.096121 million. IRC Limited has completed a Follow-on Equity Offering in the amount of HKD 151.096121 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,419,942,876
Price\Range: HKD 0.10641
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 01
First half 2022 earnings released: US$0.011 loss per share (vs US$0.014 profit in 1H 2021) First half 2022 results: US$0.011 loss per share (down from US$0.014 profit in 1H 2021). Revenue: US$165.7m (down 24% from 1H 2021). Net loss: US$77.9m (down 179% from profit in 1H 2021). Over the next year, revenue is forecast to grow 52%, compared to a 4.5% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 13
IRC Limited to Report Q2, 2022 Results on Aug 30, 2022 IRC Limited announced that they will report Q2, 2022 results on Aug 30, 2022 Annuncio • Aug 06
IRC Provides Earnings Guidance for the Six Months Ended June 30, 2022 IRC Limited provided earnings guidance for the six months ended June 30, 2022. Group expects to record a profit attributable to the owners of the Company, excluding assets impairment, of between approximately $30 million to $40 million (corresponding period in 2021: profit of $98.3 million). Annuncio • May 28
IRC Limited, Annual General Meeting, Jun 29, 2022 IRC Limited, Annual General Meeting, Jun 29, 2022, at 14:30 China Standard Time. Location: theDesk United Centre, 5/F, United Centre, 95 Queensway Admiralty Hong Kong Agenda: To receive and consider the reports of the Directors and the Auditor together with the Statement of Accounts for the year ended 31 December 2021; to re-appoint Messrs Deloitte Touche Tohmatsu as Auditor and authorise the Board of Directors to fix their remuneration; to give a general mandate to the Directors to repurchase shares in the Company not exceeding 10% of the number of Shares of the Company in issue; to add shares repurchased to the general mandate to issue new shares in Resolution 5; and to consider any other matters. Reported Earnings • May 02
Full year 2021 earnings released: EPS: US$0.019 (vs US$0.014 in FY 2020) Full year 2021 results: EPS: US$0.019 (up from US$0.014 in FY 2020). Revenue: US$371.3m (up 65% from FY 2020). Net income: US$134.1m (up 33% from FY 2020). Profit margin: 36% (down from 45% in FY 2020). The decrease in margin was driven by higher expenses. Production and reserves: Iron Production: 2.558 Mt (2.748 Mt in FY 2020) Proved and probable reserves (ore): 364.5 Mt (389.8 Mt in FY 2020) Number of mines: 1 (1 in FY 2020) Over the next year, revenue is forecast to grow 29%, compared to a 32% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: US$0.019 (vs US$0.014 in FY 2020) Full year 2021 results: EPS: US$0.019 (up from US$0.014 in FY 2020). Revenue: US$371.3m (up 65% from FY 2020). Net income: US$134.1m (up 33% from FY 2020). Profit margin: 36% (down from 45% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 36%, compared to a 30% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 28
IRC Limited Announces Appointments to Board of Directors and Board Committees The Board of IRC Limited announced that, following the recommendation of the Company's Nomination Committee, the Board has appointed: Nikolai Valentinovich Levitskii, as non-executive director of the Company; and Dmitry Vsevolodovich Dobryak, as independent non-executive director of the Company. The Board announced that Mr. Levitskii and Mr. Martin Davison have been appointed to the Company's Nomination Committee and Mr. Dobryak has been appointed to the Company's Audit Committee. Mr. Nikolai Valentinovich Levitskii, aged 49, is currently the head of the representative office of Axiomi Consolidation Limited ("Axiomi") and the general director of LLC "Investment company "Axioma". Mr. Dmitry Vsevolodovich Dobryak, aged 53, has 30 years of financial management, accounting, business development and administrative experience. His previous roles include CFO of Impulse M, a Moscow based start-up from 2019 to 2020 and CFO of Titan Automotive Solutions, an automotive communications solutions company in Belgium from 2020 to 2021. Annuncio • Feb 10
IRC Limited Provides Earnings Guidance for the Year Ended 31 December 2021 IRC Limited provided earnings guidance for the year ended 31 December 2021. For the period, the company expected to record a profit attributable to Shareholders for the twelve months ended 31 December 2021 of betweenapproximately USD 115 million to USD 125 million (corresponding period in 2020 excluding reversal of assets impairment losses: profit of USD 24.8 million). Annuncio • Jan 07
Cerisier Ventures Limited completed the acquisition of 24.07% stake in IRC Limited (SEHK:1029) from Stocken Board AG. Cerisier Ventures Limited entered into a sale and purchase agreement to acquire 24.07% stake in IRC Limited (SEHK:1029) from Stocken Board AG for approximately HKD 240 million on December 3, 2021. Cerisier Ventures Limited will acquire 1.71 billion shares at HKD 0.1396 per share. In a related transaction, Major Mining Partner (CY) Limited entered into a sale and purchase agreement to acquire 5.79% stake in IRC Limited from Stocken Board AG for HKD 18.3 million. After the transactions, Stocken Board AG will hold no stake in IRC Limited.
Cerisier Ventures Limited completed the acquisition of 24.07% stake in IRC Limited (SEHK:1029) from Stocken Board AG on January 5, 2022. Stocken has ceased to hold any share and ceased to be a shareholder in IRC Limited Reported Earnings • Aug 30
First half 2021 earnings released: EPS US$0.014 (vs US$0.001 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$217.2m (up 105% from 1H 2020). Net income: US$98.3m (up US$92.3m from 1H 2020). Profit margin: 45% (up from 5.6% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jun 11
IRC Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ending June 30, 2021 IRC Limited provided unaudited consolidated earnings guidance for the six months ending June 30, 2021. For the period, the Group is expected to record a larger unaudited profit attributable to the shareholders of the Company for the six months ending 30 June 2021 than the unaudited profit attributable to shareholders of the Company of approximately USD 5.9 million for the six months ended 30 June 2020. The expected increase in profit in 1H 2021 as compared to 1H 2020 is mainly attributable to the significant increase in the market iron ore price in first half of 2021. Reported Earnings • May 04
Full year 2020 earnings released: EPS US$0.014 (vs US$0.005 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$224.6m (up 27% from FY 2019). Net income: US$100.6m (up US$139.2m from FY 2019). Profit margin: 45% (up from net loss in FY 2019). Production and reserves: Iron Production: 2.748 Mt (2.497 Mt in FY 2019) Proved and probable reserves (ore): 389.8 Mt (371.8 Mt in FY 2019) Number of mines: 1 (1 in FY 2019) Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Annuncio • Mar 21
IRC Limited Provides Earnings Guidance for the Year Ended 31 December 2020 IRC Limited provided earnings guidance for the year ended 31 December 2020. For the year, the company is expected to record a profit attributable to Shareholders in the range of approximately USD 90 million to USD 106 million, as compared to a loss of approximately USD 38.7 million for the corresponding period in 2019. This was mainly due to the positive
factors set out in the Announcement giving rise to a profit attributable to Shareholders before reversal of impairment losses of between USD 20 million to USD 26 million, and an estimated
partial reversal of previous impairment losses on property, plant and equipment in relation to the K&S mine amounting to approximately USD 70 million to USD 80 million. Shareholders
should note that the expected reversal of impairment losses is non-cash and non-recurring in nature and will not have a direct impact on the cash flow of the Group. Annuncio • Mar 18
IRC Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 IRC Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Annuncio • Jan 20
IRC Limited Appoints Denis Alexandrov and Aleksei Kharitontsev as Non-Executive Directors IRC Limited announced that, following the recommendation of the company's Nomination Committee, the Board has appointed Mr. Denis Alexandrov and Mr. Aleksei Kharitontsev as non-executive directors of the company with effect from 19 January 2021. Annuncio • Jan 06
IRC Limited Announces Railway Shipments to Chinese Customers Resumed IRC Limited announced that the railway service to the Suifenhe border crossing has been partially resumed, allowing K&S to ship its products to the Chinese customers by train. Generally, most of K&S's product is shipped to its Chinese customers by rail. As announced in the Company's announcement of 17 December 2020, due to logistics and efficiency issues at the Suifenhe border crossing caused by COVID-19, the Russian Railways stopped accepting shipments to Suifenhe in mid-December 2020 and K&S's railway shipments to the Chinese customers were suspended as a result. IRC reported that, towards the end of December 2020, the railway service to the Suifenhe border was partially resumed. Currently, on average, K&S can ship one train per day to the border, equivalent to about half of the mine's daily production capacity. K&S is diverting some of the production to seaborne customers and stockpiling excess production. Annuncio • Aug 14
IRC Limited to Report First Half, 2020 Results on Aug 21, 2020 IRC Limited announced that they will report first half, 2020 results on Aug 21, 2020 
