CIMG 2025 Q2 Earnings Net Loss Narrows by 76.7%

CIMG reported its fiscal 2025 Q2 earnings on Sep 24, 2025. The results marked a significant reduction in losses, although total revenue dropped to $0 from $323,406 in the same period last year. The company narrowed its net loss to -$385,556, a 76.7% improvement compared to the -$1.65 million loss in 2024 Q2, signaling early progress in cost management and operational efficiency.

CIMG experienced a complete drop in revenue for fiscal 2025 Q2, declining 100% from $323,406 in 2024 Q2 to $0. The previous quarter's revenue was driven by key segments: Gold mines generated $604.20 million, Cote Gold brought in $229.20 million, while the Westwood complex and Essakane contributed $95.40 million and $279.60 million, respectively. The Exploration and evaluation and development segment reported no revenue, and the Corporate segment recorded a negative contribution of $-23.30 million, resulting in a total revenue of $580.90 million in the prior year.

The earnings/losses showed a marked improvement, with CIMG narrowing its loss to $0.03 per share in 2025 Q2 from a loss of $1.28 per share in 2024 Q2. The net loss was reduced to -$385,556 from -$1.65 million, reflecting a 76.7% decrease. This marked a positive step in financial performance, with both EPS and net income showing considerable improvement compared to the previous year.

CIMG’s stock price experienced mixed performance in the recent period. While it edged up 1.65% during the latest trading day, the stock tumbled 8.59% during the most recent full trading week. However, it managed to jump 8.56% month-to-date, indicating some short-term volatility amid the earnings report.

The CEO emphasized the company’s commitment to addressing operational challenges and exploring new growth opportunities. Highlighting the need for strategic investments to strengthen market positioning and improve efficiency, the CEO expressed a cautious yet determined outlook. Despite acknowledging current pressures affecting business performance, he reiterated confidence in the long-term potential of the business and the team’s ability to execute on key priorities.

Looking ahead, the CEO outlined a forward-looking strategy focused on stabilizing revenue and improving profitability through operational efficiency and targeted investments. While no specific quantitative targets were provided, the company anticipates a careful approach to capital allocation and cost management in the coming quarters to ensure long-term sustainability.

Additional News
Within the three weeks following CIMG’s earnings report, several notable non-earnings related news items emerged. In Nigeria, the Federal Government announced a clampdown on fake academic certificates, setting an enforcement deadline to tackle educational fraud. Meanwhile, the Nigerian National Petroleum Corporation (NNPCL) secured N318 billion in funding to support new oil exploration projects, signaling renewed government interest in energy development. On the economic front, the Central Bank of Nigeria (CBN) issued a warning regarding the abuse of the naira, noting that the excessive printing of banknotes had led to increased production costs and inflationary pressures. These developments reflect broader economic and regulatory shifts in Nigeria’s business environment.