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Bathurst Resources (BRL) investor relations material
Bathurst Resources Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 FY27 revenue was NZ$64m, up 10% YoY; EBITDA was NZ$8.7m, reported as NZ$9m, versus NZ$5.2m in Q1 FY26.
Consolidated cash, including restricted short-term deposits, was NZ$130m at 30 September; FY27 EBITDA guidance remained NZ$30m–NZ$40m.
Buller and Tenas advanced through approval and assessment processes, with first production targeted for 2028 and 2029, respectively.
Financial highlights
Q1 revenue rose to NZ$64m from NZ$58m, while EBITDA increased to NZ$8.7m from NZ$5.2m; higher export pricing drove the uplift.
Export average realised price including hedging rose to NZ$278/t from NZ$207/t, partly offset by sales volumes down 18kt YoY.
FY26 consolidated EBITDA was NZ$45m, at the top of the NZ$35m–NZ$45m guidance range.
Cash declined from NZ$144.8m opening to NZ$130m closing; working capital used NZ$12.3m, with investment in property, plant, equipment and mine assets.
Outlook and guidance
FY27 consolidated EBITDA guidance remained NZ$30m–NZ$40m; lower export mix was partly offset by higher HCC benchmark pricing and a stronger North Island contribution.
Buller first production is targeted for 2028; Tenas production is targeted for 2029, with expected output of 750ktpa for ~21 years.
Tenas’s environmental assessment recommendation is expected by 18 January 2027, followed by a ministerial decision by 18 February 2027.
Buller is targeting ~20Mt of coking coal over a ~25-year mine life; consent is anticipated in FY28 and its DFS is planned for Q4 FY27.
HCC pricing was expected to ease through December and remain near US$250/t.
- EBITDA reached $45m with robust cash and key projects advancing toward 2028–2029 output.BRL
H2 2026 - FY26 EBITDA hit $45m, cash at $145m; FY27 EBITDA guided at $30m–$40m.BRL
Q4 2026 - Growth projects Buller and Tenas advance toward production, backed by strong cash and approvals.BRL
Noosa Mining Conference 2026 - YTD EBITDA dropped to $30m, but strong cash and growth projects keep guidance steady.BRL
Q3 2026 - EBITDA fell to $16.2m on lower prices, but cash and growth projects remain strong.BRL
H1 2026 - Earnings fell on lower coal prices, but cash reserves and project pipeline remain strong.BRL
H2 2025 - All AGM resolutions passed; lower FY24 earnings, strong cash, and coal expansion focus.BRL
AGM 2024 - Revenue and profit declined on weaker coal prices, but cash reserves and growth plans remain strong.BRL
H2 2024 - H1 FY25 saw resilient earnings and cash flow despite export disruptions and lower coal prices.BRL
H1 2025
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Next Bathurst Resources earnings date
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