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TerraCom (TER) investor relations material
TerraCom Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
March 2026 quarter impacted by severe weather in Queensland, causing logistics disruptions and lower coal sales volumes, but underlying mining and processing operations remained stable and conditions improved post quarter end.
April and June 2026 shipments are forecast to recover, supporting the full-year sales guidance of 1.6 Mt.
Corporate activities included a fully subscribed $60 million entitlement offer, board and executive changes, and a focus on balance sheet strength.
Financial highlights
Cash at bank as of 31 March 2026 was A$32.9 million, with an additional A$54.4 million in restricted cash for rehabilitation bonding.
No dividend declared for the period, prioritizing operational stability.
Average coal price achieved was A$117.54 per tonne, with higher prices expected from April 2026.
Outlook and guidance
FY26 sales guidance maintained at 1.6 Mt, with 100% of June quarter sales contracted.
Thermal coal prices strengthened during the quarter, and market conditions are expected to remain supportive in the near term.
Blair Athol's full-year FOB costs (excluding royalties) expected at the upper end of A$105–115/t guidance due to higher fuel and logistics costs.
- Revenue and profit fell significantly on lower coal prices, but strategic growth projects advanced.TER
H2 20248 Apr 2026 - Revenue fell 13% and a net loss of $43.4 million was recorded amid market and operational headwinds.TER
H2 20258 Apr 2026 - EBITDA swung to a $7 million loss on lower revenue, but liquidity improved after a major equity raise.TER
H1 20268 Mar 2026 - Coal sales up 9% QoQ, Blair Athol mine life extended, costs stable, no dividend declared.TER
Q1 2026 TU9 Nov 2025 - Quarterly coal sales hit 1.68Mt, with stable costs and no dividend amid market headwinds.TER
Q4 2025 TU7 Sep 2025 - Flagship assets and new projects drive growth amid strong global coal demand and electrification.TER
Investor Presentation1 Jul 2025 - Coal production met guidance, SA logistics weighed on sales, and Moorlands partnership advanced.TER
Q1 2025 TU13 Jun 2025 - June quarter coal sales hit 1.9Mt, with South Africa operations showing sequential growth.TER
Q4 2024 TU13 Jun 2025 - Quarterly coal sales hit 1.6Mt, with stable costs and robust operational resilience.TER
Q3 2025 TU8 Jun 2025
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