SouthGobi Resources Issues FY2025 Profit Warning Following Sharp Financial Reversal

SouthGobi Resources Ltd. has issued a profit warning for the fiscal year ending December 31, 2025, signaling a significant downturn in its financial performance. The company expects to report a net loss ranging between $151.9 million and $185.6 million for the period. This projected loss represents a sharp reversal from the net profit of approximately $92.5 million achieved in the 2024 fiscal year. According to the company, these estimates are based on a preliminary assessment of unaudited management accounts. Investors are closely monitoring the situation as the company prepares to release its finalized annual results. The news is expected to put downward pressure on the company's shares listed on both the Hong Kong (1878.HK) and Toronto (SGQ.V) stock exchanges.

Sources:accessnewswire.comnewswire.com