SOUTHGOBI (01878) announced its financial results for the six months ended June 30, 2025. The group achieved revenue of $278 million, representing a year-over-year increase of 58.96%. Net loss attributable to equity holders was $49.011 million, compared to a net profit of $10.167 million in the same period last year. Basic and diluted loss per share was $0.165.

The company recorded an operating loss of $30 million for the first six months of 2025, compared to an operating profit of $47.2 million for the first six months of 2024. The financial performance was negatively impacted by declining average realized selling prices and changes in product mix, as the company sold more processed coal with higher production costs during the second quarter of 2025, and recorded coal inventory impairment losses of $12.3 million.