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Yancoal Australia (YAL) investor relations material
Yancoal Australia Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record annual attributable saleable coal production of 38.6 million tonnes, at the top end of guidance, with a record quarterly production of 10.4 million tonnes in Q4 2025.
Attributable coal sales reached 10.8 million tonnes in Q4 2025, exceeding production as sales and stockpiles were optimized.
All mines contributed to a 20% quarter-over-quarter increase in ROM coal production, with saleable coal up 11% sequentially.
Safety performance improved, with a total recordable injury frequency rate of 6.14, below the industry average.
Ended the year with a cash balance of $2.13 billion, up $307 million from the previous quarter.
Financial highlights
Average realized coal price in Q4 2025 was AUD 148 per ton, up 6% quarter-over-quarter but down 16% year-over-year.
Cash operating costs for 2025 expected to be around the midpoint of the AUD 89–97 per ton guidance.
Attributable capital expenditure for 2025 anticipated at the lower end of the AUD 750–900 million guidance range.
Free cash flow for Q4, adjusted for Moolarben payment, annualizes to AUD 1.3 billion, implying an 18% yield.
No interest-bearing debt on the balance sheet.
Outlook and guidance
2025 operational guidance delivered: 38.6 million tonnes attributable saleable production, near the top of the 35–39 million tonne range.
Positive operational momentum expected to continue into 2026.
2026 production, cost, and capex guidance to be provided with full-year financial results in February.
Dividend and capital management decisions to be reviewed post-year-end, following a framework of 50% NPAT or free cash flow payout, whichever is higher.
Strong financial position supports consideration of dividends and value-adding growth opportunities.
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