ORE Posts 157M Loss Despite Shipment Volumes and Prices in H1

Taguig-based Oriental Peninsula Resources Group Inc. (ORE) posted a net loss of PHP 157 million during the first half of 2025, higher than the PHP 127 million loss in the same period in 2024, despite higher shipment volumes and nickel ore prices.

The company’s SEC filing on August 20, 2025 revenues surged to PHP 652 million from PHP 91 million in the previous year, driven by higher shipment volumes and higher nickel ore prices.

Its Palawan mining project, which began operations in 2011, remains the key contributor to revenues.

For the whole 2025, ORE estimates 1.2 million Wet Metric Tons (WMT) production and remains optimistic to meet its 2025 target of 15 vessels, with 73% already shipped in the first half.

Continuous environmental rehabilitation and community programs are implemented in its Palawan mines while also studying plans to develop a ferro-nickel plant.

However, the nickel industry faces a global supply glut caused by Indonesian output, which puts pressure on world prices.

With global supply glut, can Philippine nickel producers stay profitable in 2025?

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