Nangobi(01878.HK) Profit Warning: Net loss expected to be approximately $152 million to $186 million for the fiscal year 2025

NightAirdropper · 2026-03-28T19:51:41+00:00

Nan Gobi expects to face a net loss of between $152 million and $186 million in fiscal year 2025, primarily due to declining sales prices, changes in product mix, and inventory and cash impairment losses. In comparison, net profit for the same period in 2024 was $92.5 million.

NightAirdropper

2026-03-28 19:51:41

Abstract generation in progress

Gelonghui, March 26丨Nangebei (01878.HK) announced that the company expects to record a net loss attributable to equity holders of the company for fiscal year 2025 of approximately US$152 million to US$186 million, while the same period in 2024 recorded a net profit attributable to equity holders of the company of US$92.5 million. The expected primary reasons for the net loss attributable to equity holders of the company for fiscal year 2025 are: (i) the average realized selling price for fiscal year 2025 is expected to decline compared with the prior fiscal year; (ii) the product mix has changed compared with the same period last year, and the company has sold more processed coal with higher production costs; and (iii) impairment losses from coal inventories and cash-generating units are approximately US$77.3 million and US$42.0 million, respectively.

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