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HONG KONG, June 25, 2025 (GLOBE NEWSWIRE) — Century Global Commodities Corporation (“Century” or the “Company“) (TSX:CNT) is pleased to announce that it has filed its audited consolidated financial statements for the year ended March 31, 2025 and the related management discussion and analysis (“MD&A“) as well as the Annual Information Form. Copies of these documents are available under Century’s SEDAR+ profile at http://www.sedarplus.ca and will also be posted on Century’s website at www.centuryglobal.ca.
Highlights of operating results:
For the year ended March 31, 2025, the Company:
- Closed a total of A$500,000 private placement financing, by its subsidiary Joyce Direct Iron Inc. (“JDI”), at an A$25 million valuation to prepare for a spinout.
- Achieved record sales of $13.30 million. Century Food generated gross segmental profit of $3.37 million and net segmental profit of $0.42 million.
As of March 31, 2025, the Company had net working capital* of $6.0 million, consisting of unrestricted free cash, bank deposits and marketable securities totaling $4.2 million, together with accounts receivables, inventories and other current assets of $5.1 million, less accounts payable and other current liabilities of $3.3 million.
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* This is a non-IFRS financial measure. Refer to the Company’s MD&A for more information.
ABOUT CENTURY
Century Global Commodities Corporation (TSX:CNT) is primarily a resource exploration and development company with a large portfolio of multi-billion tonne iron ore projects in Canada, mostly discovered by its own exploration team. It has other non-ferrous metals properties under exploration as well as a well-established food distribution business (Century Food) in Hong Kong.
The Joyce Lake Direct Shipping Iron Ore Project
Joyce Lake, our most advanced project, is an open pit direct shipping iron ore project in Newfoundland and Labrador, close to the town of Schefferville, Québec which is serviced by a rail link directly to ocean shipping iron ore ports at Sept-Îles. The Project has completed an updated feasibility study in 2022 and is undergoing environmental assessment. Joyce Lake …