The company has declared an interim 0.1-cent dividend.
Geo Energy Resources has reported 3QFY2025 earnings that were below expectations but Paul Chew of PhillipCapital, citing major earnings drivers down the road, has maintained his "buy" call and 59 cents target price. In its 3QYF025, the coal miner reported earnings of US$3.2 million, down 55% y-o-y. While volume doubled, selling prices dropped by 18% y-o-y in the quarter.
The fall in selling prices halved cash profit to US$6.56. This was despite the cash cost declining, notes Chew in his Nov 26 note.
