Atlas Consolidated Mining experienced a deepening financial strain in 2025, reporting a net loss of P246.22 million. This represents a 6.6% increase in losses compared to the previous year, signaling a challenging period for the listed mining company.
The downturn was primarily fueled by a significant drop in revenue from copper concentrates and mine wastes, which declined by 7.7% to P17.19 billion. This decrease directly correlates with a substantial reduction in copper concentrate production, falling 18% to 124,000 dry metric tons.
Operational performance mirrored this decline, with key indicators revealing weakened output. Milling tonnage and average daily throughput both experienced a 14% decrease, registering at 15.6 million DMT and 42,739 DMT respectively – a clear indication of reduced processing capacity.
Despite these setbacks, Atlas demonstrated some fiscal discipline, successfully lowering total costs and expenses by 10.9% to P16.5 billion. This reduction was driven by decreases in both mining and milling costs (down 12.7%) and general administrative expenses (down 9.7%).
However, these cost-saving measures were ultimately overshadowed by a surge in non-operating charges, more than doubling to P772.51 million. This increase stemmed from escalating finance costs, unfavorable fair value adjustments, and losses related to foreign exchange fluctuations.
The market reacted negatively to the news, with Atlas Mining shares falling 4.27%, or 35 centavos, closing at P7.85 per share. This price adjustment reflects investor concerns regarding the company’s current financial health and future prospects.
