Geo Energy Group doubles sales volume to 3.4 million tonnes in Q3

The firm's coal sales jumped as average selling price declined.

Geo Energy Group recorded a sales volume of 3.4 million tonnes in Q32025, doubling from 1.7 million tonnes in the same period last year, as the firm improved its coal access after it improved its mining plans in 2024.

Higher sales volume also pushed Geo Energy’s revenue to increase by 62% to $177.7m (US$136.6m) in Q3, compared to $109.6m (US$84.3m) the year before, as the average selling price of $52.17 (US$40.09) per tonne during the period was lower compared to $64.19 (US$49.33) per tonne last year.

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

The firm maintained its profitability track record with profit for the period of $2.92m (US$3.2m) for the period, despite the decrease in coal prices, it said.

USD1 = $1.30

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