Geo Energy’s net profit falls to $5.47m on lower sales

The company declared an interim dividend of $0.10 per share for the period.

Geo Energy Group recorded a lower sales volume of 1.8 million tonnes in the first quarter of the year, compared to 3.5 million tonnes in Q1 2025.

The group said the increase in TRA coal production will only start after the completion of the MBJ Integrated Infrastructure in the second half of the year.

The group’s net profit for the period also decreased to $5.47m (US$4.3m), and revenue declined by 42% year on year to $121.96m (US$95.8m).

Whilst there were higher average selling prices of $61.82 (US$48.56) per tonne, it had not fully captured the higher ICI4 prices as a sharp increase in prices took place around March 2026.

The company declared an interim dividend of $0.10 per share for the period.

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