This resulted in revenue growing 68% y-o-y to US$166.4 million in 1QFY2025 despite the lower average selling price (ASP) of US$46.98 per tonne in 1Q2025. In 1Q2024, the ASP was US$54.68 per tonne.
Geo Energy’s earnings for the 1QFY2025 ended March 31 grew 63% y-o-y to US$14.1 million ($18.29 million), with a net asset value per share increasing to 53 cents at the end of the month.
The group doubled its sales volume to 3.5 million tonnes in 1QFY2025 due to improved coal access in 2025 following the optimisation of mining plans in 2024.
