Mongolian Mining Corporation Reports 36% Drop in Revenue to USD 346.6 Million and USD 23.3 Million Net Loss for H1 2025, EPS Turns Negative

Reuters
Aug 28
Mongolian Mining Corporation Reports 36% Drop in Revenue to USD 346.6 Million and USD 23.3 Million Net Loss for H1 2025, EPS Turns Negative

Mongolian Mining Corporation $(MMC)$ has released its interim results for the six months ended June 30, 2025. The group reported a total revenue of approximately USD 346.6 million, a significant decline compared to USD 541.1 million in the same period of 2024. The decrease is attributed to lower sales in the coal mining segment, with washed hard-coking coal generating USD 236.5 million compared to USD 437.9 million in the previous period. Other coal products, including washed mid-ash semi-hard coking coal and washed semi-soft coking coal, also saw reduced sales. The company posted a net loss of USD 23.3 million for this period, contrasting with a net profit of USD 125.9 million in the first half of 2024. The decline in profitability is primarily due to reduced revenues and non-deductible expenses that are not taxable under Mongolian income tax rules and regulations. The company, which is principally engaged in the mining, processing, transportation, and sale of coal products, did not provide any specific guidance or outlook for future periods in this announcement.

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