Azure Power Global Limited encountered a demanding fiscal year, experiencing continued financial losses as it navigated significant operational and legal complexities. The company undertook a comprehensive review of its projects, leading to the termination of several contracts due to viability concerns and regulatory uncertainties. Simultaneously, it confronted the aftermath of past compliance issues, which resulted in substantial legal proceedings and a renewed focus on strengthening internal governance.

• The company has had to reassess its project pipeline, withdrawing from significant ventures due to economic viability and legal complications • It is addressing the repercussions of serious past allegations, which have led to legal actions against former associates and a notable resolution in a class action lawsuit • Despite these challenges, there has been a concerted internal effort to fortify compliance and financial controls, ensuring a more robust operational framework moving forward

Qian Hu Corporation Limited experienced a challenging yet stable first half of FY2025, with overall revenue holding steady amidst a volatile global business landscape. While the company saw significant pressure on its net profit due to economic uncertainty, rising costs, and geopolitical challenges, it demonstrated resilience and strategic adaptation. Notably, despite a decline in sales in one of its key segments, profitability unexpectedly improved, showcasing the impact of internal operational efficiencies. Looking ahead, Qian Hu is committed to strengthening its core capabilities through innovation, product diversification, and regional expansion to navigate future uncertainties.

• Discover how external market pressures significantly impacted the company's profit, even as its overall sales remained consistent • Explore the intriguing paradox of a major business segment reporting lower revenue but significantly higher operating profit, thanks to strategic internal improvements • Uncover the proactive strategies Qian Hu is implementing to ensure future resilience and growth in a complex global environment, focusing on innovation and market reach

Samko Timber Limited achieved a significant financial turnaround in the first half of 2025, moving from a period of loss to a substantial profit. This was primarily driven by the disposal of certain subsidiaries, which yielded a considerable gain, and the successful launch of its new trading distribution business.

• A major strategic divestment profoundly reshaped the company's financial standing, leading to a dramatic shift • The Group embarked on a new core business operation, marking a fresh revenue stream for its continuing activities • Despite the market's ongoing complexities, the period saw a notable improvement in overall financial performance