Yancoal Australia Ltd's stock plummeted 11.85% intraday, marking one of its worst trading sessions in nearly a year. The coal miner's shares were among the top losers on the ASX 200 benchmark index during Thursday's trading session.
The sharp decline followed the company's report of a significant 64% drop in annual net profit after tax (NPAT) to A$440 million ($313.15 million) for the fiscal year. Additionally, Yancoal Australia's revenue decreased by 13% to A$5.95 billion, reflecting challenging market conditions for the coal sector.
The company declared a 2025 final dividend of A$0.1220 per share despite the profit decline. Trading volume reached approximately 3.4 million shares, about 1.2 times the 30-day average, indicating heightened investor activity during the sell-off.