Shares rose 4.9% on the back of better-than-expected pricing and production metrics, supporting a 30% quarterly EBITDA increase and reaffirming the company’s low-cost operational profile.
- Underlying EBITDA jumped 30% sequentially to $169 million, driven by improved realized coal pricing and favorable FX movements amid ongoing energy market volatility.
- Saleable coal production increased 8% over the previous quarter to 2.3 million tonnes, with raw coal rising 16% due to moderated strip ratios at Bengalla Mine.
- New Acland Mine posted a 3% rise in raw coal production but saw a 7% quarter-over-quarter dip in coal sales due to rail disruptions linked to industrial action.
- Full-year saleable coal production reached 11.5 million tonnes, an 8% lift over 2025 and above guidance, including a 17% increase at New Acland.
- Operational cash flow remains robust at $564 million for the year, supported by strong volumes and pricing, with $130 million capex guidance remaining for Manning Vale West pit development.
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