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07 Mar 2025
From Rainy Days to Sunny Prospects: This company’s Infrastructure Move Will Pay Off Big
Geo Energy Resources has had a bumpy ride lately, with its stock price sliding over the past year.
Why? Coal prices softened, and heavy rain messed up mining operations sometimes.
Geo Energy, a Singapore-listed coal miner with mines in Indonesia, reported US$401.9 million in revenue for 2024, an 18% drop y-o-y.
Net profit attributable to shareholders also fell, by 40% to US$37.1 million.
But don’t count them out just yet—there’s a lot to look forward to.
2025 itself is set up to be a better year:
| • Geo Energy's production target of 10.5–11.5 million tons for 2025 is a 33–46% increase from 2024's coal sales. • As of February 2025, 2.4 million tons have already been sold, so Geo Energy is off to a great start. |
As for coal prices, management said in a results briefing that prices are expected to remain stable between US$50–$53/ton, as supported by Wood Mackenzie reports and futures indices.