SouthGobi Resources Ltd. has announced that it expects to report a net loss attributable to its equity holders for the 2025 fiscal year in the range of approximately $152 million to $186 million. This represents a significant shift from the prior year, which saw a net profit attributable to equity holders of $92.5 million. The projected net loss for the 2025 fiscal year is primarily attributed to several factors: a decrease in the average realized selling price compared to the previous fiscal year; a change in the product mix, with the company selling a higher proportion of processed coal that carries a greater production cost; and impairment losses on coal inventory and cash-generating units amounting to approximately $77.3 million and $42 million, respectively.