Yancoal Australia Ltd reported 18.9 million tonnes (Mt) of run-of-mine coal production (100% basis) for the December quarter of 2025, leading to 13.6 Mt of saleable coal (100% basis) and 10.4 Mt of attributable saleable coal. Attributable coal sales reached 10.8 Mt, underpinned by an average realized coal price of A$148 per tonne and a closing cash balance of A$2.13 billion.

The company highlighted a 6.14 Total Recordable Injury Frequency Rate, below the industry-weighted benchmark of 7.45. It delivered a record annual attributable saleable production of 38.6 Mt for 2025, within the earlier guidance range of 35–39 Mt, with cash operating costs expected near the midpoint of A$89–97 per tonne. Capital expenditure is forecast toward the lower end of the A$750–900 million range.

Higher production levels were recorded at Moolarben, Mount Thorley Warkworth, Hunter Valley Operations, and Yarrabee compared with the previous quarter. Moolarben faced minor underground challenges but maintained strong results, while Mount Thorley Warkworth delivered a record monthly run-of-mine performance in November. Following ongoing operational improvements, Yarrabee achieved strong coal processing outcomes, and Middlemount sustained recovery in mining volumes.

International coal indices continued to see volatility, but Yancoal’s overall average realized price improved to A$148 per tonne in the quarter. Lower demand was noted in some markets, while certain regions, such as Japan, increased imports. The company’s financial position was further strengthened by an additional 3.75% acquisition in the Moolarben Joint Venture, bringing its interest to 98.75%. Yancoal also completed the sale of its Donaldson Coal Complex, transferring rehabilitation liabilities to the acquiring party.

Plans for underground development at Mount Thorley Warkworth and extended mine life at Hunter Valley Operations remain under assessment, with feasibility and approvals in progress. At Moolarben, the OC3 Extension Project awaits determination from the Independent Planning Commission. Yancoal’s updated contingent liability facilities were refinanced during the quarter, extending the term to five years.

A conference call for analysts and investors is scheduled for 20 January 2026 to discuss the quarterly performance in detail.