Core Viewpoint - The company reported a significant increase in revenue but faced substantial net losses due to operational challenges and market conditions [1] Financial Performance - The company achieved revenue of $278 million for the six months ending June 30, 2025, representing a year-on-year increase of 58.96% [1] - The net loss attributable to equity holders was $49.01 million, compared to a net profit of $10.17 million in the same period last year [1] - Basic and diluted loss per share was $0.165 [1] Operational Challenges - The company incurred an operating loss of $30 million in the first half of 2025, whereas it recorded an operating profit of $47.2 million in the first half of 2024 [1] - Financial performance was negatively impacted by a decline in average realized prices and changes in product mix [1] - The company sold more higher-cost processed coal in the second quarter of 2025 and recorded an inventory impairment loss of $12.3 million [1]

Core Viewpoint - The company reported a significant increase in revenue but faced substantial net losses due to operational challenges and market conditions [1] Financial Performance - The company achieved revenue of $278 million for the six months ending June 30, 2025, representing a year-on-year increase of 58.96% [1] - The net loss attributable to equity holders was $49.01 million, compared to a net profit of $10.17 million in the same period last year [1] - Basic and diluted loss per share was $0.165 [1] Operational Challenges - The company incurred an operating loss of $30 million in the first half of 2025, whereas it recorded an operating profit of $47.2 million in the first half of 2024 [1] - Financial performance was negatively impacted by a decrease in average realized prices and changes in product mix [1] - The company sold more higher-cost processed coal in the second quarter of 2025 and recorded an inventory impairment loss of $12.3 million [1]

Core Insights - The company reported a significant decline in revenue and operating profit for the second quarter of 2025 compared to the same period in 2024, with revenue dropping from $92.8 million to $155.3 million and operating profit turning into a loss of $14.3 million from a profit of $15 million [1][1][1] Financial Performance - For the second quarter of 2025, the company recorded revenue of $155.3 million, a substantial increase from $92.8 million in the second quarter of 2024 [1] - The operating loss for the second quarter of 2025 was $14.3 million, contrasting with an operating profit of $15 million in the same quarter of 2024 [1] - The first six months of 2025 saw revenue of $278.2 million, up from $175 million in the first half of 2024 [1] - The operating loss for the first half of 2025 was $30 million, compared to an operating profit of $47.2 million in the first half of 2024 [1] Factors Influencing Performance - The decline in operating profit was primarily attributed to a decrease in average realized prices and changes in the product mix, with the company selling more higher-cost processed coal in the second quarter of 2025 [1] - The company also recorded an inventory impairment loss of $12.3 million in the second quarter of 2025 [1]

Core Viewpoint - The company anticipates a significant increase in revenue for the first half of 2025, projecting between $250 million and $306 million, compared to $175 million in the same period of 2024, despite expecting a net loss attributable to shareholders in the current interim period [1] Revenue Expectations - The expected revenue increase is attributed to higher sales volumes during the interim period [1] Profitability Concerns - The company forecasts a net loss attributable to shareholders of approximately $44.1 million to $53.9 million for the current interim period, contrasting with a net profit of $10.2 million in the same period of 2024 [1] - The anticipated net loss is primarily due to a decline in average realized prices, changes in product mix with more sales of higher-cost processed coal, and a coal inventory impairment loss of $12.3 million during the interim period [1]

Core Viewpoint - The company anticipates a significant increase in revenue for the first half of 2025, projecting between $250 million and $306 million, compared to $175 million in the same period of 2024, driven by increased sales volume [1] Revenue Expectations - Expected revenue for the first half of 2025 is projected to be between $250 million and $306 million [1] - Revenue for the same period in 2024 was approximately $175 million [1] Profitability Outlook - The company expects a net loss attributable to equity holders of approximately $44.1 million to $53.9 million for the current interim period [1] - In contrast, the net profit attributable to equity holders for the same period in 2024 was approximately $10.2 million [1] Factors Influencing Profitability - The anticipated net loss is primarily due to a decrease in average realized prices [1] - Changes in product mix, with the company selling more higher-cost processed coal, have also impacted profitability [1] - The company recorded an inventory impairment loss of $12.3 million during the interim period [1]

Core Viewpoint - The company expects a significant increase in revenue for the upcoming six-month period ending June 30, 2025, despite forecasting a net loss for equity holders due to various operational challenges [1] Revenue Expectations - The company anticipates revenue between $205.3 million and $306 million for the six months ending June 30, 2025, compared to approximately $175 million for the same period in 2024 [1] - The expected revenue increase is attributed to higher sales volumes during the interim period [1] Net Loss Forecast - The company projects a net loss attributable to equity holders between approximately $44.1 million and $53.9 million for the interim period, contrasting with a net profit of about $10.2 million for the same period in 2024 [1] - The anticipated net loss is primarily due to: - A decline in average realized prices [1] - A shift in product mix, with increased sales of higher-cost processed coal [1] - A recorded impairment loss on coal inventory amounting to $12.3 million during the interim period [1]