SouthGobi Resources Issues Profit Warning Amid Revenue Growth

SouthGobi Resources Ltd., listed on both the TSX Venture Exchange and the Hong Kong Stock Exchange, has announced a projected revenue increase for the six months ending June 30, 2025. Anticipated revenue is between USD 250.3 million and USD 306.0 million, a rise from USD 175.0 million in the same period last year, due to higher sales volume.

Despite this revenue boost, the company expects a net loss of between USD 44.1 million and USD 53.9 million, contrasting with a net profit of USD 10.2 million in the same period in 2024. The loss is attributed to lower selling prices, a shift to more costly processed coal, and a USD 12.3 million impairment on coal stockpiles.

SouthGobi is still preparing its financial results for the Interim Period, with official results to be disclosed on August 14, 2025. Shareholders and investors are cautioned regarding share dealings during this period.