Geo Energy records 25% YoY decline in net profit in H1 2025

Excluding a one-time gain in 2024, net profit increased by 76% in H1 2025.

Geo Energy has reported a net profit of $25.72m (US$20.1m) in the first half of 2025 (H1 2025), down by 25% year-on-year (YoY).

This is due to the one-time gain on the sale of rights to receivables, net of tax of $19.7m (US$15.4m) that was reflected in the net profit of H1 2024.

Excluding this one-time gain on sale, the group’s net profit for the period increased by 76% YoY.

Geo Energy has reported that its revenue in H1 2025 increased by 71% YoY to $370.3m (US$289.5m) while gross profit rose 65% YoY to $57.45m (US$44.9m).

The group has nearly doubled its coal sales volume to 6.3 million tonnes in H1 2025 due to improved coal access.

$1.28 = US$1