YANCOAL AUS (03668) announced its interim results for the six months ended June 30, 2025, reporting revenue of AUD 2.675 billion, a decrease of 14.75% year-on-year. Shareholder attributable profit reached AUD 163 million, down 61.19% compared to the same period last year. Basic earnings per share stood at 12.4 Australian cents, and the company proposed an interim dividend of AUD 0.062 per share.

According to the announcement, the decline in earnings was primarily attributed to coal sales revenue decreasing by 16% from AUD 3.030 billion in the first half of 2024 to AUD 2.558 billion in the first half of 2025. The group's overall average selling price for self-produced coal fell by 15% from AUD 176 per ton in the first half of 2024 to AUD 149 per ton in the first half of 2025.

This price decline was mainly due to falling global coal prices in US dollar terms. The GC Newcastle thermal coal index average weekly price dropped by USD 28 per ton (21%) during the period, while the API5 coal index weekly price decreased by USD 19 per ton (21%), and the semi-soft coking coal average benchmark price fell by USD 41 per ton (27%). These declines were partially offset by the Australian dollar weakening against the US dollar, with the average exchange rate dropping 4% from 0.6587 in the first half of 2024 to 0.6340 in the first half of 2025.

The group's self-produced coal sales volume decreased by 2% from 16.9 million tons in the first half of 2024 to 16.6 million tons in the first half of 2025, despite equity commodity coal production increasing by 11% during the same period. This was primarily due to significant coal stockpiling throughout the supply chain caused by rail network disruptions and vessel navigation restrictions at Newcastle Port, resulting in reduced sales volumes and higher inventory levels at mines and ports at period end.