Mongolia Energy Corporation Limited $(MEC)$ announced its unaudited financial results for the fiscal year ended 31 March 2025. The Group expects a decrease in revenue and gross profit, with unaudited revenue anticipated to decline from HK$3,173.2 million in the previous year to approximately HK$2,800.0 million. The unaudited gross profit is projected to drop from HK$1,186.9 million to around HK$848.0 million. This decline is primarily attributed to a decrease in average coal selling prices. Furthermore, MEC is in the final stages of assessing a potential impairment loss related to its Khushuut mine-related assets. The impairment assessment, which utilizes a discounted cash flow model, is ongoing and expected to conclude shortly before the official release of the 2025 Annual Results. The financial results are anticipated to be finalized and published in late June 2025.
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