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06 Oct 2026
GEO ENERGY: Backs Bullish Profit Guidance With Record Buyback—At A Higher Price
On 28 Sept, Geo said it expected sales volume and net profit for 3Q2026 to increase significantly against not just 3Q2025, but also each of the first two quarters of 2026.
There are reasons for that optimism.
The ICI4 coal benchmark averaged US$76 a tonne in September, approximately 31% above its first-half average of US$58.13.
Meanwhile, Geo’s operational MBJ road-and-jetty infrastructure is expected to save its TRA mine more than US$10 a tonne in logistics costs while enabling higher production.
Geo says it is still finalising an agreement for ResInvest to invest in a substantial stake in MBJ.