SOUTHGOBI (01878) has announced its financial results for 2025. The group recorded revenue of $599 million, representing a year-on-year increase of 21.37%. However, the company reported a net loss attributable to equity holders of $169 million, a significant reversal from the profit of $92.497 million recorded in the same period last year. The basic earnings per share was $0.569.

The company incurred an operating loss of $133.2 million in 2025, compared to an operating profit of $153.9 million in 2024. This decline was primarily driven by a lower average realized selling price in 2025 compared to 2024, annual changes in the product mix due to increased sales of higher-cost processed coal, and impairment losses recognized in 2025. Specifically, the company recorded a $77.3 million impairment loss on coal inventory and a $42 million impairment loss on property, plant, and equipment items.

Revenue for 2025 reached $598.8 million, up from $493.4 million in 2024. The financial performance was positively influenced by an expanded sales network, a more diversified customer base, and an increase in sales volume resulting from a broader range of coal products in the product mix.