Shares of The Metals Company (TMC) plunged 5.36% in pre-market trading on Friday, following the release of its disappointing second quarter 2025 financial results after the market close on Thursday. The deep-sea mining company reported a substantial net loss and missed analyst expectations, causing investors to react negatively.
The company reported a net loss of $74.3 million for the quarter ended June 30, 2025, significantly wider than the $20.2 million loss reported in the same period last year. Earnings per share came in at -$0.20, missing the analyst consensus estimate of -$0.05 by a wide margin. The expanded loss was primarily attributed to several factors, including a non-recurring charge of $33 million for warrants issued to the Republic of Nauru, a $16.2 million charge due to an increase in warrant liability fair value, and higher general and administrative expenses.
Despite some positive developments highlighted in the earnings report, such as a strategic investment from Korea Zinc and progress on regulatory approvals, investors seemed to focus on the immediate financial performance. TMC Chairman and CEO Gerard Barron attempted to emphasize the company's long-term potential, citing a combined Net Present Value of $23.6 billion for its portfolio and targeting first production from its NORI-D project in Q4 2027. However, these future prospects were overshadowed by the current financial results, leading to the significant pre-market decline.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。