Southern Alliance Mining Warns Of Wider FY2025 Net Loss

SGX Filings
Sep 22, 2025

Southern Alliance Mining Ltd. announced that, based on a preliminary review, it expects to post a higher net loss for the fiscal year ended Jul, 31 2025.

The company said the shortfall stems mainly from lower average realised iron-ore prices and several non-cash impairment losses: (i) a write-down of mining assets due to weaker demand and lower price forecasts for iron ore, (ii) an impairment on investments in joint ventures following the non-renewal of exploration licences in Sabah, Malaysia, and (iii) an impairment on a joint venture with an iron-ore mine in Pahang arising from the reduced price outlook.

Southern Alliance Mining plans to release its unaudited FY2025 results by Sep, 29 2025 and advised shareholders and investors to exercise caution when trading its shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10