Geo Energy Resources - KGI Securities 2026-03-19: Execution-driven Inflection Amidst Current Coal Upcycle

• Geo Energy (SGX:RE4) reported FY25 results reflect strong volume-led growth despite pricing and tax headwinds. Revenue of US$562.7mil (+40% y-o-y), driven by a 62% increase in sales volume to 12.8Mt (FY24: 7.9Mt).
• - Read this at SGinvestors.io -

MBJ infrastructure to drive structural cost savings and unlock scale.

• The US$150mil MBJ Integrated Infrastructure Project has reached 77% completion (as of Feb 2026) and is on track for commissioning in mid-2026. With total handling capacity of ~50Mt per annum, MBJ is expected to deliver meaningful transportation cost savings while supporting TRA production ramp-up toward 20-25Mt per annum.
• - Read this at SGinvestors.io -
• As utilisation scales, MBJ transitions into a core earnings driver, generating recurring, infrastructure-based income and enhancing earnings visibility. Notably, Geo Energy has increased its effective interest in MBJ to 71.3%.

Vertical integration improves cost control and operational resilience.

• Read more at SGinvestors.io.

Read also KGI's most recent report:
2026-05-18 Geo Energy Resources - ResInvest Deal Validates Infrastructure Premium and Marine Logistics Integration.

Price targets by other brokers at Geo Energy Target Prices.

Listing of research reports at Geo Energy Analyst Reports.

Relevant links:
Geo Energy Share Price History,
Geo Energy Announcements,
Geo Energy Dividend Payout Dates & Corporate Actions,
Geo Energy News