Bathurst Resources
Logotype for Bathurst Resources Limited

Bathurst Resources (BRL) investor relations material

Bathurst Resources H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Bathurst Resources Limited
H1 2026 earnings summary27 Feb, 2026

Executive summary

  • Operates four mines in New Zealand and has development projects in Canada, focusing on stable, safe, and profitable operations with growth through extensions and new projects.

  • H1 FY26 results were in line with forecasts but down year-over-year due to weaker export coal prices and increased costs, with consolidated revenue at NZD $115 million, EBITDA at NZD $16 million, and an operating loss of NZD $3.4 million.

  • Cash reserves increased to NZD $155 million as of H1 FY26, supporting ongoing operations and project development.

  • Strategy centers on maximizing cash generation and returning value to shareholders, with a shift toward 100% owned assets and a focus on growth projects.

  • Export steel-making coal is a key revenue driver, with strong demand in Asia and long-term customer relationships.

Financial highlights

  • H1 FY26 consolidated revenue: NZD $115 million (down from NZD $119 million in H1 FY25); EBITDA: NZD $16 million (down from NZD $27 million); operating loss: NZD $3.4 million (vs. profit of NZD $8.3 million in H1 FY25).

  • Cash reserves increased to NZD $155 million as of H1 FY26, with no significant debt and strong cash backing per share.

  • Net asset per share at December end was NZD $1.48, with market capitalization at AUD $166 million and enterprise value at AUD $32 million.

  • No interim dividends declared or paid for the period.

  • Approximately NZD 350 million contributed to the NZ economy in FY 2025, with 700 employees.

Outlook and guidance

  • Full-year consolidated EBITDA guidance maintained at NZD $35–45 million.

  • Export pricing is lower than previous years, but a strong finish is anticipated with the forward curve improving and HCC benchmark price expected to stabilize around US $200/t in H2 FY26.

  • Production at Takitimu will continue into FY 2027, with rehabilitation work accelerated.

  • Buller Plateaux Continuation Project Fast Track approval expected in 2026; Tenas Project DFS and reserve confirmation completed, targeting first coal in 2028.

  • Tenas Project in Canada expected to produce 750ktpa for 21 years starting FY29.

Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Bathurst Resources earnings date

Logotype for Bathurst Resources Limited
Q3 202628 Apr, 2026
Bathurst Resources
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Bathurst Resources earnings date

Logotype for Bathurst Resources Limited
Q3 202628 Apr, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Bathurst Resources Limited is a New Zealand-based company involved in the exploration, development, and production of coal. The company focuses on the extraction and supply of thermal and metallurgical coal, primarily for industrial and energy production applications. Bathurst Resources serves customers in sectors such as steel manufacturing, cement production, and energy generation, supporting industrial processes that require high-grade coal. With mining operations primarily located in New Zealand, the company works to provide reliable coal resources for domestic and export markets. Bathurst Resources Limited is headquartered in Wellington, New Zealand, and its shares are listed on the ASX.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage