IRC Limited (IRCWD) Q4 2025 Earnings Call March 25, 2026 1:30 AM EDT
Company Participants
Cheong Yuen Shiu – Finance Director – Hong Kong & Company Secretary
Denis Vitalievich Cherednichenko – CEO & Executive Director
Danila Kotlyarov – Chief Financial Officer
Presentation
Operator
Good morning, and good afternoon, everyone. Welcome to the IRC conference call. And our Chairperson today is Johnny. Johnny, please begin the call, and I’ll be standing by for the question-and-answer session.
Cheong Yuen Shiu
Finance Director – Hong Kong & Company Secretary
All right. Thank you, Frank. Good afternoon, everyone. I am Johnny Yuen, and I’m the Finance Director and Company Secretary of IRC. I would like to welcome all of you to IRC Limited conference call for the 2025 Annual Results Announcement of the company. Apart from me, with us today are our CEO, Mr. Denis Vitalievich Cherednichenko; and our CFO, Danila Kotlyarov.
[Operator Instructions] As a reminder, this conference is being recorded. Announcement and PowerPoint slides for use in this call has been uploaded, and you can download them from our website at www.ircgroup.com.hk. [Foreign Language]
It’s our pleasure to turn the call over to our CEO, Denis. You may begin, please.
Denis Vitalievich Cherednichenko
CEO & Executive Director
Good afternoon. Good morning, dear shareholders, dear investors. So let’s start our 2025 annual results announcement. So I will start with our presentation, you have it in presence, I hope so.
And we will start with the Page #5 with the key 2025 highlights, and we start with the financials. Revenue rose to $285.1 (sic) [ $258.1 ] million in comparison with the previous year, rise by 16.7% and mainly due to 25% increase in sales volume despite 6.4% decrease in Platts 65 index price.
Cash cost per ton decreased to 77.7 mainly due to improved
