Yancoal Australia (YAL) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land custodians and introduction of board members, directors, and executives.

• Shareholders and proxy holders were encouraged to participate both in person and online, with real-time question submission enabled.

• Quorum confirmed and meeting formally commenced.

• The agenda included financial review, board elections, remuneration, auditor appointment, and share issuance/repurchase mandates.

Financial performance review

• Achieved record annual coal production of 38.6 million tonnes in 2025, with cash costs at AUD 92 per tonne.

• Revenue reached nearly AUD 6 billion, operating EBITDA over AUD 1.4 billion, and profit after tax AUD 440 million.

• Profit after tax was AUD 0.33 per share.

• Cash operating costs were AUD 92/t, down from AUD 93/t in 2024, despite inflationary pressures.

• Ended 2025 with AUD 2.1 billion cash and no interest-bearing loans.

Board and executive committee updates

• CEO Sharif Burra, appointed in September 2025, delivered his first AGM review and emphasized safety and operational excellence.

• Board elections included re-election of Chairman Ru and Mr. Wang as non-executive directors.

• Board composition and committee chairs introduced, including Audit, Risk, and Health & Safety.