Southern Alliance Mining expects higher net loss in FY 2025

This was mainly due to a lower average realised selling price as iron ore prices softened.

Southern Alliance Mining is expecting a higher net loss for the financial year 2025 as compared to last year, based on a preliminary review of its unaudited financial results.

The company said it was mainly due to lower average realised selling price as the iron ore prices continue to soften, and a non-cash impairment loss in the group’s mining assets.

The group also recorded a non-cash impairment loss on its investments in joint ventures in Malaysia due to the non-renewal of exploration licenses in Sabah and a decrease in the forecasted iron ore prices for a mining site in Pahang.

The company is in the process of finalising the financial results and will give further details by 29 September 2025.