The company has declared an interim 0.1-cent dividend.
However, Chew notes that coal prices have recovered "sharply" in the current 4QFY2025 to US$46 per tonne. In addition, the company's construction of a 92-km-long hauling road and jetty is on schedule and will be ready in the middle of this coming year.
"The completion of the hauling road is a major earnings driver for Geo Energy Resources," says Chew.
Not only will it allow the production to be doubled, this road is also going to be leased to other mines for use and thereby generate additional income.
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"We believe there are also opportunities to secure customers for the hauling road and even stake sale before the middle of 2026," says Chew.
For the full year, Chew expects the company to produce a total of 11.2 million tonnes.
He notes that coal prices have started recovering as production limits in China are being enforced.
Geo Energy Resources shares gained 1.15% to trade at 44 cents as at 11.15 am. It is up 51.72% year to date.
