Mongolian Mining Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	823.4	1,040	1,035	546.25	184.07
Revenue Growth (YoY)	-20.82%	0.49%	89.44%	196.76%	-55.90%
Cost of Revenue	679.36	628.18	593.18	451.13	161.49
Gross Profit	144.04	411.68	441.64	95.12	22.58
Selling, General & Admin	68.95	56.4	62.05	27.21	33.87
Other Operating Expenses	-3.67	-13.05	-7.41	-4.18	0.53
Operating Expenses	65.27	43.35	54.64	23.03	34.4
Operating Income	78.77	368.32	387	72.09	-11.82
Interest Expense	-40.96	-34.83	-35.99	-47.08	-46.24
Interest & Investment Income	4.8	4.27	1.86	0.15	0.05
Earnings From Equity Investments	2.08	0.96	1	0.27	-0.2
Currency Exchange Gain (Loss)	5.65	-1.47	-5.95	2.97	-1.64
Other Non Operating Income (Expenses)	-2.17	-1.05	-0.01	3.17	-0.61
EBT Excluding Unusual Items	48.17	336.2	347.9	31.56	-60.45
Other Unusual Items	-25.05	-	-12.98	23.14	-
Pretax Income	23.12	336.2	334.92	54.71	-60.45
Income Tax Expense	10.61	92.65	94.82	-4.18	-5.01
Earnings From Continuing Operations	12.51	243.55	240.1	58.89	-55.44
Minority Interest in Earnings	-6.41	-1.54	-0.42	0.29	0.2
Net Income	6.1	242.01	239.69	59.18	-55.24
Preferred Dividends & Other Adjustments	-	10.48	10.87	-	-
Net Income to Common	6.1	231.53	228.82	59.18	-55.24
Net Income Growth	-97.48%	0.97%	305.03%	-	-
Shares Outstanding (Basic)	1,040	1,047	1,042	1,042	1,032
Shares Outstanding (Diluted)	1,052	1,063	1,042	1,042	1,032
Shares Change (YoY)	-1.10%	2.01%	-	1.06%	0.23%
EPS (Basic)	0.01	0.22	0.22	0.06	-0.05
EPS (Diluted)	0.01	0.22	0.22	0.06	-0.05
EPS Growth	-97.34%	-0.82%	286.67%	-	-
Free Cash Flow	6.11	34.54	348.08	153.4	36.78
Free Cash Flow Per Share	0.01	0.03	0.33	0.15	0.04
Gross Margin	17.49%	39.59%	42.68%	17.41%	12.27%
Operating Margin	9.57%	35.42%	37.40%	13.20%	-6.42%
Profit Margin	0.74%	22.27%	22.11%	10.83%	-30.01%
Free Cash Flow Margin	0.74%	3.32%	33.64%	28.08%	19.98%
EBITDA	205.74	496.09	482.07	135.02	38.01
EBITDA Margin	24.99%	47.71%	46.59%	24.72%	20.65%
D&A For EBITDA	126.97	127.76	95.06	62.93	49.83
EBIT	78.77	368.32	387	72.09	-11.82
EBIT Margin	9.57%	35.42%	37.40%	13.20%	-6.42%
Effective Tax Rate	45.90%	27.56%	28.31%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.