Mongolia Energy Corporation (276) Projects Sharp Drop in Interim Gross Profit

Bulletin Express11-14

Mongolia Energy Corporation Limited (276) announced a notable decline in projected gross profit for the six months ended 30 September 2025. According to the latest information, management expects a decrease to no more than HK$85.0 million, compared with HK$640.71 million for the same period in 2024.

The announcement attributes the shortfall primarily to weaker demand and continued price declines in China’s coking coal market. During the interim period, the company reported an approximately 40% reduction in the average selling price of coking coal (net of sales tax) and a corresponding 15% drop in sales volume. Final figures, including the determination of the fair value of the convertible notes’ derivative component and the recoverable amount of mine-related assets, will be disclosed when the company releases its interim results on 26 November 2025. Shareholders and potential investors are advised to exercise caution.

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