Yancoal Australia (YAL) investor relations material

Executive summary

• Achieved record ROM coal production of 67 million tons and attributable salable coal production of 38.6 million tons, at the upper end of guidance for 2025.

• Revenue reached nearly AUD 6 billion, operating EBITDA was over AUD 1.4 billion (24% margin), and profit after tax was AUD 440 million.

• Cash operating costs reduced to AUD 92/ton, the lowest in four years, with a realized price of AUD 146/ton and an implied cash margin of AUD 39/ton.

• Maintained a strong safety record with TRIFR below industry average, and published climate-related disclosures.

• Ended 2025 with AUD 2.1 billion in cash and no external debt.

Financial highlights

• Revenue declined 13% year-over-year to AUD 5.95 billion due to lower realized coal prices.

• Operating EBITDA was AUD 1.44 billion, reflecting a 44% decrease in operating cash inflows.

• Profit after tax was AUD 440 million, or AUD 0.33 per share.

• Cash operating costs decreased 1% to AUD 92/ton, below guidance midpoint.

• Dividend payout ratio was 55% of net profit after tax.

Outlook and guidance

• 2026 attributable salable production guidance: 36.5–40.5 million tons.

• Cash operating cost guidance: AUD 90–98/ton, allowing for inflationary pressures.

• Capital expenditure guidance: AUD 750–900 million, focused on sustaining and growth investments.

• Q1 2026 expected to be the lowest production quarter, with higher output in subsequent quarters.

• Focus remains on production, cost control, and balanced capital allocation.