SOUTHGOBI (01878) issues profit warning, expecting a net loss of approximately 152 million to 186 million US dollars, a year-on-year change from profit to loss.

SOUTHGOBI (01878) announced that the company expects to incur a net loss attributable to equity holders of the company ranging from approximately $152 million to $186 million for the company's 2025 financial year, while in the same period in 2024, the company recorded a net profit attributable to equity holders of $92.5 million. The main reasons for the expected net loss for the 2025 financial year are: a decrease in average realized selling prices compared to the previous financial year; a change in product mix compared to the same period last year, with the company selling more high-cost processing coal; and impairments totaling approximately $77.3 million for coal inventory and $42 million for cash-generating units.