MONGOLIA ENERGY (00276) expects a significant decrease in total revenue in the midterm to not more than HK$900 million.

MONGOLIA ENERGY (00276) announced that it expects the group's total revenue for the six months ending September 30, 2025 (financial period) to decrease significantly to not more than HK$900 million as compared to HK$1.699 billion for the six months ending September 30, 2024 in the previous financial period. The decrease in revenue is mainly due to the global economic recession and slowdown in the Chinese steel market, leading to weak demand for Chinese coking coal and continuous price decline during the financial period. Based on existing information, the company expects the group's gross profit to be affected by this decrease in revenue.