Link: https://links.sgx.com/1.0.0/corporate-announcements/JTTC65TSA1UT0MQC/ab4c590addb3c723556930ac876ee5e784139011e9623ed97763f1e17c984753

Summary:

• Geo Energy Resources Limited reported a strong start to 1Q2025 with sales volume doubling to 3.5 million tonnes, primarily driven by improved coal access.
• This led to a 68% increase in revenue, reaching US$166.4 million, and a 63% growth in net profit to US$14.1 million.
• The company declared an interim dividend of 0.25 SG cent per share for 1Q2025, a 25% increase from the prior year's interim dividend.
• A strategic investor signed an MOU for a significant investment in the Group's subsidiary, PT Marga Bara Jaya (MBJ), which is developing integrated infrastructure expected to boost production capacity.
• Geo Energy is currently ahead of its targeted production volume for 2025 and remains focused on leveraging its infrastructure developments to increase production.