Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Equity Bottom-Up

<ul><li>Revenue fell 28.5% and profit for the period fell 22.4%, to US$15.6m, which on that statement alone is an ordinary down period.</li><li>But total assets rose US$240.6m, cash fell US$46.1m and operating cash flow went negative, each moving several times harder than profit did.</li><li>The period's event was the balance sheet growing on issued shares and vendor credit, and the cash going out to build it.</li></ul>

Revenue fell 28.5% and profit for the period fell 22.4%, to US$15.6m, which on that statement alone is an ordinary down period.But total assets rose US$240.6m, cash fell US$46.1m and operating cash flow went negative, each moving several times harder than profit did.The period's event was the balance sheet growing on issued shares and vendor credit, and the cash going out to build it.

Geo Energy Resources Limited 1HFY2026 Results Update

Smartkarma Investor Relations, Smartkarma engageIR

Smartkarma engageIR

Smartkarma Investor Relations

engageIR leverages Smartkarma's research ecosystem and extensive global investor network to help corporates discover, engage, and convert shareholders at scale.

<p>In this installment of engageIR’s corporate insights, we join the management team of Geo Energy Resources at its 1HFY2026 earnings call held on 26 August 2026, 10am.</p>
<p></p>
<p><iframe src="//www.youtube.com/embed/EW_c0iA8xXM" width="640" height="360"></iframe>View the transcript here - <a href="https://on.skr.ma/4zCKy1X" target="_blank" rel="noopener">https://on.skr.ma/4zCKy1X</a> <br>Passcode: 1H72N1&amp;3<br><br>Disclaimer: engageIR serves exclusively as Investor Relations representatives, acting under client authorization to disseminate the information presented. The client is fully responsible for the content herein, and any views expressed are the client’s own and do not represent those of the Smartkarma Group. </p>

In this installment of engageIR’s corporate insights, we join the management team of Geo Energy Resources at its 1HFY2026 earnings call held on 26 August 2026, 10am.

View the transcript here - https://on.skr.ma/4zCKy1X  Passcode: 1H72N1&amp;3  Disclaimer: engageIR serves exclusively as Investor Relations representatives, acting under client authorization to disseminate the information presented. The client is fully responsible for the content herein, and any views expressed are the client’s own and do not represent those of the Smartkarma Group. 

Geo Energy Resources 1HFY2026 Earnings Call

<ul><li>Geo’s May 2026 update raises the size of the investor question. MBJ is closer to completion, ResInvest has signed a term sheet at a US$1.5bn valuation marker, and Marine Logistics is now part of the group.</li><li>These changes give Marga Baya Jaya (MBJ) stronger external support than it had in our April 2026 report.</li><li>But the quarter itself was weak. Revenue was US$95.8m, net profit was US$4.0m and coal sales were 1.8mt.</li></ul>

Geo’s May 2026 update raises the size of the investor question. MBJ is closer to completion, ResInvest has signed a term sheet at a US$1.5bn valuation marker, and Marine Logistics is now part of the group.These changes give Marga Baya Jaya (MBJ) stronger external support than it had in our April 2026 report.But the quarter itself was weak. Revenue was US$95.8m, net profit was US$4.0m and coal sales were 1.8mt.

Geo Energy Resources Limited 1QFY2026 Results Update

<ul><li>FY2025 was a stronger operating year than the initiation case had assumed, but it was still not the year that fully proved the broader strategic build-out.</li><li>Sales rose 62% to 12.8mt, production rose to 12.5mt, and revenue rose 40% to US$562.7m despite weaker Indonesia Coal Index 4 (ICI4) pricing.</li><li>Cash cost per tonne fell to US$34.10 from US$40.32, which helped defend margins in a softer benchmark year. </li></ul>

FY2025 was a stronger operating year than the initiation case had assumed, but it was still not the year that fully proved the broader strategic build-out.Sales rose 62% to 12.8mt, production rose to 12.5mt, and revenue rose 40% to US$562.7m despite weaker Indonesia Coal Index 4 (ICI4) pricing.Cash cost per tonne fell to US$34.10 from US$40.32, which helped defend margins in a softer benchmark year. 

Geo Energy Resources Limited: Results Update

<ul>
<li>Geo Energy is an Indonesian thermal coal producer selling into seaborne Asian markets.</li>
<li>It earns money by extracting, hauling, and delivering low to mid calorific coal from a small number of owned mining concessions, while outsourcing most of the mining work to contractors.</li>
<li>Cash outcomes depend more on mine execution, logistics flow, and cost control than on headline coal prices. Volume delivery, strip ratios, and shipping reliability matter as much as realized pricing.</li>
</ul>


Geo Energy is an Indonesian thermal coal producer selling into seaborne Asian markets.
It earns money by extracting, hauling, and delivering low to mid calorific coal from a small number of owned mining concessions, while outsourcing most of the mining work to contractors.
Cash outcomes depend more on mine execution, logistics flow, and cost control than on headline coal prices. Volume delivery, strip ratios, and shipping reliability matter as much as realized pricing.


Geo Energy Resources Limited: Initiating Coverage

Singapore

Geo Energy Resources is an established coal mining group operating in Indonesia, focusing on low-cost production of premium coal with low-ash and low-sulphur characteristics. The company's core activities include owning and operating coal mines, providing mining contracting services, and trading coal. Headquartered in Singapore, the company was established in 2008.

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Geo Energy Resources (GERL SP)

Geo Energy Resources Limited 1HFY2026 Results Update

Revenue fell 28.5% and profit for the period fell 22.4%, to US$15.6m, which on that statement alone is an ordinary down period.

ICAM

Geo Energy Resources 1HFY2026 Earnings Call

In this installment of engageIR’s corporate insights, we join the management team of Geo Energy Resources at its 1HFY2026 earnings call

Smartkarma engageIR

Geo Energy Resources Limited 1QFY2026 Results Update

Geo’s May 2026 update raises the size of the investor question. MBJ is closer to completion, ResInvest has signed a term sheet at a US$1.5bn...

ICAM

Geo Energy Resources Limited: Results Update

FY2025 was a stronger operating year than the initiation case had assumed, but it was still not the year that fully proved the broader strategic...

ICAM

Geo Energy Resources Limited: Initiating Coverage

Geo Energy is an Indonesian thermal coal producer selling into seaborne Asian markets. It earns money by extracting, hauling, and delivering low...

ICAM

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