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Mongolia Energy
(OTC:0276)
Mongolia Energy (0276) vs. iShares MSCI Hong Kong ETF (EWH)
Mongolia Energy Business Overview & Revenue Model
Mongolia Energy Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.32B | 2.86B | 3.17B | 2.91B | 1.56B | 858.42M |
| Gross Profit | 1.25B | 851.17M | 1.18B | 1.09B | 600.09M | 301.70M |
| EBITDA | 2.92B | -452.03M | 2.93B | -688.09M | 317.24M | 2.36B |
| Net Income | 1.78B | -1.38B | 1.68B | -1.60B | -349.05M | 1.80B |
Balance Sheet | ||||||
| Total Assets | 4.11B | 3.08B | 4.22B | 2.80B | 3.62B | 3.54B |
| Cash, Cash Equivalents and Short-Term Investments | 100.41M | 134.81M | 128.70M | 111.86M | 114.66M | 108.33M |
| Total Debt | 5.23B | 5.44B | 5.26B | 5.97B | 5.67B | 5.49B |
| Total Liabilities | 7.23B | 7.15B | 6.90B | 7.14B | 6.33B | 5.93B |
| Stockholders Equity | -3.12B | -4.08B | -2.69B | -4.34B | -2.71B | -2.39B |
Cash Flow | ||||||
| Free Cash Flow | 478.89M | 200.18M | 443.43M | 601.16M | 186.60M | 39.86M |
| Operating Cash Flow | 596.45M | 320.69M | 562.88M | 827.37M | 295.96M | 98.74M |
| Investing Cash Flow | -111.49M | -116.43M | -113.28M | -223.34M | -109.37M | -57.38M |
| Financing Cash Flow | -486.93M | -212.68M | -410.48M | -603.43M | -180.07M | -46.07M |
Mongolia Energy Technical Analysis
Mongolia Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | 12.79B | 20.17 | 19.43% | ― | -20.50% | -64.45% | |
45 Neutral | 87.99M | -1.72 | -35.22% | ― | -20.97% | -213.53% | |
43 Neutral | $129.81M | 0.07 | ― | -9.83% | -182.04% | ||
41 Neutral | 168.43M | -0.25 | 29.58% | ― | -42.18% | -3.23% | |
39 Underperform | 276.32M | -0.49 | -58.13% | ― | 15.80% | 51.68% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Mongolia Energy Corporate Events
Mongolia Energy Corporation Limited has provided an update on its action plan to resolve a disclaimer of audit opinion due to uncertainties about its ability to continue as a going concern. The company is addressing tax disputes with the Mongolian Tax Authority (MTA) by making installment payments and filing claims against reassessment taxes. The senior management is actively engaging with government officials in China and Mongolia to seek support and explore settlement options. The company aims to resolve these issues to improve its financial standing and keep stakeholders informed.
The most recent analyst rating on (HK:0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation Limited successfully held its Annual General Meeting on August 27, 2025, where all proposed resolutions were unanimously passed by shareholders. The resolutions included the re-election of directors, the re-appointment of auditors, and granting a general mandate to issue new shares, reflecting strong shareholder support and confidence in the company’s governance and strategic direction.
The most recent analyst rating on (HK:0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
Mongolia Energy Corporation Limited has announced that its subsidiary, MoEnCo, has received a decision from the TDRC regarding a tax reassessment for the fiscal years 2017 to 2020, amounting to approximately HK$902.6 million. The company plans to contest this decision in the Administrative Court of Mongolia, while also engaging with the GTO to prevent enforcement actions that could impact its mining operations. The outcome of this legal process could significantly affect the company’s financial standing and operational capabilities in Mongolia.
Mongolia Energy Corporation Limited, a company incorporated in Bermuda, has announced its annual general meeting to be held on August 27, 2025, in Hong Kong. The meeting will address standard business matters such as reviewing financial statements, re-electing directors, and appointing auditors. Additionally, a resolution will be considered to authorize the directors to allot and issue additional shares, which could impact the company’s capital structure and shareholder value.
Mongolia Energy Corporation Limited announced that its subsidiary, MoEnCo, has successfully negotiated a deferred payment proposal with the Mongolian Tax Authority (GTO), resulting in the release of its frozen bank accounts. MoEnCo made an initial payment of approximately MNT 31.6 billion to GTO, with plans to settle the remaining amount in installments over six months. The proposal includes pledging raw coking coal as security for the payments. Despite an oral ruling by the TDRC favoring GTO in a tax dispute, the company asserts that adequate tax provisions have been made, and the decision will not impact its profit and loss accounts.
Mongolia Energy Corporation Limited has announced the appointment of Ms. Yvette Ong, the managing director and executive director, as a member of its Nomination Committee, effective from June 27, 2025. This appointment is part of the company’s ongoing efforts to strengthen its governance structure, with Ms. Ong joining a diverse group of directors on the committee, which may enhance decision-making processes and strategic direction.
Mongolia Energy Corporation Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement provides clarity on the governance structure of the company, which is crucial for stakeholders to understand the leadership and decision-making processes within the organization.
Mongolia Energy Corporation Limited has established a Nomination Committee as part of its corporate governance structure. The committee, composed of directors including independent non-executive directors, is tasked with reviewing the board’s composition and diversity, recommending changes, assessing director independence, and handling succession planning. This move aims to enhance the company’s governance practices and ensure a diverse and effective board, potentially impacting its strategic direction and stakeholder confidence.
Mongolia Energy Corporation Limited reported a significant financial downturn for the year ending March 31, 2025, with a net loss of HK$1,376,650,000 compared to a profit of HK$1,677,921,000 the previous year. The decline was attributed to various factors, including a decrease in revenue, increased impairment losses, and substantial finance costs, impacting the company’s overall financial health and market positioning.