Bumi Resources Minerals (BRMS) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, reached USD183.6 million, up 69% year-over-year, driven by higher gold and silver sales volumes and prices.

• Net profit for the period was USD37.6 million, more than double the USD16.4 million in the prior year, reflecting improved operational efficiency and higher sales.

• Gross profit margin increased to 56.3% from 48.3% year-over-year, supported by cost control and higher commodity prices.

• The group remains in a deficit position of USD722.5 million, but strategic initiatives are underway to support long-term growth and improve financial health.

Financial highlights

• Sales: USD183.6 million for 9M 2025, up from USD108.5 million in 9M 2024.

• Net profit: USD37.6 million for 9M 2025, up from USD16.4 million in 9M 2024.

• Operating profit: USD69.7 million, up from USD28.6 million year-over-year.

• Total assets: USD1.22 billion as of September 30, 2025, up from USD1.15 billion at December 31, 2024.

• Cash and cash equivalents: USD28.1 million as of September 30, 2025.

Outlook and guidance

• Strategic focus on expanding gold production capacity to 10,000 TPD at Poboya and accelerating underground mining, with completion targeted for Q1 2027.

• Ongoing exploration at SHS and GM to achieve reserve targets and support future production.

• LMR is finalizing its feasibility study to obtain a production license and proceed with a 2,000 TPD plant.

• Active pursuit of domestic and international funding to support strategic plans.