{
  "id": 10360689,
  "title": "Geo Energy expects ‘substantial’ rise in Q3 net profit; shares up 7.1%",
  "url": "https://urgent.news/2026/09/28/geo-energy-expects-substantial-rise-in-q3-net-profit-shares-up-7-1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T04:22:58.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/geo-energy-expects-substantial-rise-q3-net-profit-shares-7-1"
  },
  "original_language": "en",
  "account": "Integrated coal mining group Geo Energy Resources anticipates a \"substantial increase\" in its third-quarter net profit due to higher sales volumes, higher selling prices, and significant logistics cost savings from its Indonesian subsidiary, Marga Bara Jaya. The company's profit guidance follows the growing popularity of coal in Southeast Asia, which now accounts for 47% of power generation in 2024, up from 37% in 2015. Shares of Geo Energy climbed as much as 7.1% on Monday morning to S$0.605 following the positive outlook. Geo Energy and its investment partner Resource Invest have reportedly made \"good progress\" in negotiations for ResInvest to acquire a US$1.5 billion stake in Marga Bara Jaya, a term sheet of which was signed in May. Marga Bara Jaya, an infrastructure and logistics company owned by Geo Energy, operates integrated coal transportation networks in South Sumatra. The company expects to sell about 3.3 million tonnes of coal in the third quarter, up from 3.6 million tonnes in the previous two quarters, thanks to higher coal prices and lower operating costs. Coal production and sales are anticipated to rise further in Q4 as the Triaryani mine expands through Marga Bara Jaya's infrastructure. Geo Energy intends to distribute at least 30% of its net profit as dividends and continues its share buyback programme.",
  "summary": "It projects higher sales volumes, selling prices, logistics cost savings from Indonesian unit Marga Bara Jaya",
  "key_points": [
    "Geo Energy expects significant profit rise in Q3 due to higher sales and logistics savings.",
    "Coal's share of Southeast Asia power generation grows to 47% in 2024.",
    "Shares rise 7.1% after positive outlook and Marga Bara Jaya stake acquisition progress."
  ],
  "editors_take": "Geo Energy's upbeat profit guidance, driven by higher sales and lower costs, positions it to reward shareholders with increased dividends and a sustained share buyback programme.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}