Geograce Resources Philippines, Inc. (GEO) narrowed its net losses in the third quarter of 2025, supported by lower expenses and a stable financial position despite limited operational activity in its mining ventures.
In its latest quarterly filing to the Philippine Stock Exchange, GEO reported a net loss of PHP 852,000 for the period ending September 30, 2025, which is an improvement from the PHP 1.5-million loss posted in the same period last year. The company incurred PHP 1.09 million in expenses, down from PHP 1.91 million in 2024, reflecting continued cost controls.
GEO’s total assets grew to PHP 12.36 million, up from PHP 8.61 million a year earlier, while liabilities also increased to PHP 12.02 million from PHP 8.12 million. Equity declined slightly to PHP 341,000, resulting in a debt-to-equity ratio of 35.23, compared with 16.78 in 2024.
The company’s capital stock stood at PHP 2.79 billion, offset by a deficit of PHP 2.79 billion, leaving total capital at PHP 554,571, lower than the PHP 1.4 million recorded at end-2024. GEO said there were no changes to its capital-management policies during the period.
While the firm remained in a loss position, its smaller deficit showcases a measure of financial stability as it continues to manage its existing mining assets and explore investment opportunities. GEO said it remains committed to identifying new ventures within the mining sector while maintaining compliance with regulatory and operational requirements.
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