Telekom Malaysia 2Q net income 403.0M ringgit

Telekom Malaysia 2Q net income 403.0M ringgit

Soma Gold Corp. (TSXV: SOMA) has reported robust financial results for the second quarter of 2025, reflecting significant improvements in revenue, net income, and EBITDA compared to the same period last year. The company's revenue for the second quarter of 2025 was $23.0 million, a 21% increase from the first half of 2024, while net income reached $1.6 million, marking a substantial turnaround from the $0.6 million loss reported in the same period last year [1].

Key financial highlights include:
- Revenue: $23.0 million for the second quarter of 2025, up by $8.9 million or 21% compared to the first half of 2024.
- Net Income: $1.6 million for the second quarter of 2025, compared to a loss of $0.6 million in the first half of 2024.
- EBITDA: $9.1 million for the second quarter of 2025, an increase of $7.9 million or 59% compared to the first half of 2024.
- EBITDA per share: $0.10 for the second quarter of 2025, an increase of $0.08 per share or 53% compared to the first half of 2024.

The company also reported strong production numbers, selling 5,200 AuEq ounces in the second quarter and 12,043 ounces in the six months ended June 30, 2025, compared to 14,233 ounces in the first half of 2024. The average realized cash margin per gold ounce sold increased to $1,598 in the second quarter of 2025, up by $669 or 70% compared to the first half of 2024.

Soma Gold Corp. also announced significant progress in its operations. The company reported that the el Bagre Mill has resolved mechanical issues and completed the construction of a new 20X20 leach tank, which will increase gold production and metallurgical recovery. Additionally, the el Limon Mill is now operational and expected to ramp up production over the coming months.

The company's CEO, Geoff Hampson, stated, "The first half of 2025 delivered strong results, achieving 91.6% of plan. The second quarter's production numbers were below target due to a combination of lower average-grade ore and mechanical issues at the el Bagre Mill. These issues have now been resolved and are not expected to reoccur."

Soma Gold Corp. has also granted an aggregate of 100,000 stock options to an employee, exercisable at a price of $1.43 per share, which will vest in stages over 12 months.

References:
[1] https://finance.yahoo.com/news/soma-gold-reports-second-quarter-010200430.html