Mongolia Energy Corporation Limited (276) Announces Expected Revenue Decrease for the Six Months Ended 30 September 2025

Bulletin Express10-23

Mongolia Energy Corporation Limited (276) disclosed an expected total revenue of not more than HK$900 million for the six months ended 30 September 2025, representing a considerable drop compared to HK$1,699.9 million in the previous corresponding period. The announcement attributed this decline to weaker global economic conditions and a slowdown in China's steel industry, which impacted coking coal demand and pricing.

The gross profit for the six months under review will also be affected due to the reduced revenue. Finalization of these figures remains subject to additional assessments, including determining the fair value of the derivative component of convertible notes and estimating the recoverable amount of the Group’s mine and related assets. Additional review exercises will be conducted prior to the publication of the interim results, which is slated for late November 2025.

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