Southern Alliance Mining reported 1HFY2026 revenue of RM137.3 million, up 95% y-o-y, driven mainly by its newly acquired 40% stake in MCRE Resources, which contributed RM63.1 million from sales of 580 dry metric tonnes of rare earth oxide. Gross profit was RM5.44 million in 1HFY2026. Loss before tax narrowed 83% to RM2.01 million. Loss attributable to equity holders narrowed 59% to RM4.2 million. Managing Director Pek Kok Sam said the integration of the rare earth business lifted revenue and gross margins, and the company expects improved performance for the full year.

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