MIE HOLDINGS Reports Annual Loss Widening to 503 Million Yuan

Stock News
Mar 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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