Bathurst Resources (BRL) Q4 2026 earnings summary

Executive summary

• Achieved unaudited consolidated FY26 EBITDA of $45m, at the top end of guidance, despite prolonged periods of weak international coal prices.

• Maintained a strong cash position of $145m at 30 June 2026, supporting ongoing growth projects in New Zealand and Canada.

• Domestic segments provided stable earnings, offsetting export volatility; export segment rebounded in H2 with improved coal prices.

Financial highlights

• FY26 consolidated EBITDA reached $45m, compared to guidance of $35m–$45m.

• Consolidated closing cash was $144.8m, down from $178.3m at the start of the year.

• Export coal sales revenue for FY26 was $267.5m, with total sales of 1,145kt.

• FY26 export segment EBITDA (65% equity share) was $44.9m, exceeding previous guidance of $30m.

Outlook and guidance

• FY27 consolidated EBITDA guidance is $30m–$40m, reflecting lower expected sales volumes and product mix.

• HCC benchmark price assumed at USD $235/t for FY27, above FY26 average of USD $209/t.

• Domestic segment earnings expected to increase due to cost reductions and targeted savings.

• Export segment earnings forecast to decrease due to lower volumes and product mix, despite higher prices.