External broker reports(aggregated public sources), KGI Securities Singapore

KGI Securities

We are a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore. We offer our valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products.

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External broker reports(aggregated public sources)

KGI Securities Singapore

We are a pioneer Securities & Derivatives, Trading and Clearing Member of Singapore Exchange as well as a pioneer member of ICE Futures Singapore & ICE Clear Singapore. We offer our valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>FY25 results reflect strong volume-led growth despite pricing and tax headwinds.</li><li>Geo Energy reported FY25 revenue of US$562.7mn (+40% YoY), driven by a 62% increase in sales volume to 12.8Mt (FY24: 7.9Mt).</li><li>Profit before tax rose 95% YoY to US$49.1mn, while net profit increased 26% YoY to US$27.5mn, demonstrating the Group’s ability to scale operations and deliver earnings growth despite weaker coal prices and a higher effective tax rate under Indonesia’s HPB-linked framework in 2H25.</li></ul>

FY25 results reflect strong volume-led growth despite pricing and tax headwinds.Geo Energy reported FY25 revenue of US$562.7mn (+40% YoY), driven by a 62% increase in sales volume to 12.8Mt (FY24: 7.9Mt).Profit before tax rose 95% YoY to US$49.1mn, while net profit increased 26% YoY to US$27.5mn, demonstrating the Group’s ability to scale operations and deliver earnings growth despite weaker coal prices and a higher effective tax rate under Indonesia’s HPB-linked framework in 2H25.

Geo Energy Resources Ltd: Execution-Driven Inflection Amidst Current Coal Upcycle