MIE HOLDINGS Reports Annual Loss Widening to 503 Million Yuan

Stock News
03/20

MIE HOLDINGS (01555) announced its financial results for the fiscal year ended December 31, 2025. The group recorded total revenue of 706.1 million yuan, representing a decrease of 21.3% compared to the previous year. The net loss attributable to owners of the company for the year was 503 million yuan, an increase of 52.89% year-on-year. The loss per share was 0.15 yuan.

All of the group's petroleum sales revenue was derived from its oilfields in China. Revenue decreased by 191.2 million yuan, or 21.3%, from 897.3 million yuan in the 2024 fiscal year to 706.1 million yuan in the 2025 fiscal year. This decline was primarily due to lower realized oil prices and a decrease in net crude oil sales volume from the Da'an oilfield.

In the 2025 fiscal year, the average realized oil price was $66.68 per barrel, with a net crude oil sales volume of 1.5 million barrels. This compares to an average realized oil price of $79.75 per barrel and a net sales volume of 1.6 million barrels in the 2024 fiscal year.

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