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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
PT Merdeka Gold Resources
PT Merdeka Gold Resources (EMAS) investor relations material
PT Merdeka Gold Resources Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary27 Aug, 2026
Executive summary
H1 2026 gold sales generated $30.9m revenue versus $83.8k a year earlier; operating profit was $2.9m, but the period ended with a $14.9m net loss.
Results reflected a transition to substantial gold sales alongside higher financing costs and a $7.3m secondary-listing expense.
Financial highlights
Revenue was $30.9m versus $83.8k YoY; cost of revenue was $17.4m versus $65.1k, producing gross profit of $13.5m versus $18.7k.
Operating profit was $2.9m versus $2.9m operating loss; finance expenses were $12.5m versus $11.0m, and other net expenses were $5.9m versus $92.2k.
Net loss was $14.9m versus $16.1m; income tax benefit was $5.0k versus $1.9m tax expense.
Operating cash outflow was $25.6m versus $15.5m; investing outflow was $86.6m versus $71.2m, while financing provided $127.9m versus $47.2m.
Segment performance
Operations were managed as one integrated segment covering mining support services, mining and processing; all reported H1 sales were in Indonesia.
Gold sales to third parties were $30.9m; related-party revenue was $0, compared with $83.8k in H1 2025.
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Latest events from PT Merdeka Gold Resources
- Unqualified audit, $809M assets, $10.9M Q1 loss, new $150M facility, HKEX HDR listing.EMAS
Q1 2026 - Net loss widened to $27.5 million in 2025, with assets up to $740.6 million and major IPO completed.EMASQ4 2025
- Unqualified audit opinion issued; no impairment found for major mining assets as of June 2025.EMASQ2 2025
- Unqualified audit opinion issued; no impairment found for mining properties (40.88% of assets).EMASQ3 2025
Next PT Merdeka Gold Resources earnings date
Q3 202626 Nov, 2026
PT Merdeka Gold Resources
Next PT Merdeka Gold Resources earnings date
Q3 202626 Nov, 2026
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