SOUTHGOBI (01878) reported a net loss attributable to shareholders of $8.036 million in the first quarter, a decrease of 69.33% year-on-year.

SOUTHGOBI (01878) released an announcement that in the first quarter of 2026, the group earned a profit of $169 million, an increase of 37.84% compared to the same period last year. The net loss attributable to equity holders of the company was $8.036 million, a decrease of 69.33% compared to the same period last year. The basic and diluted loss per share was $0.027. In the first quarter of 2026, the company achieved an average realized selling price of $54.4 per ton, compared to $59.5 per ton in the first quarter of 2025. The decrease in average realized selling price was mainly due to uncertainty in the Chinese coal market and cautious attitude of buyers. Therefore, the company adjusted its sales strategy and selling price to maintain sales volume. The product mix in the first quarter of 2026 included approximately 39% high-quality semi-soft coking coal, 35% standard semi-soft coking coal, 20% high-quality thermal coal, and 6% coal by-products, compared to approximately 6% high-quality semi-soft coking coal, 56% standard semi-soft coking coal, 31% high-quality thermal coal, 6% standard thermal coal, and 1% coal by-products in the first quarter of 2025. The unit sales cost per ton of products sold by the company in the first quarter of 2026 was $51.5, compared to $64.9 per ton in the first quarter of 2025. This decrease was due to economies of scale and improved cost control during coal production. The company reported no loss time injuries in the first quarter of 2026 and 2025.