• Revenue from ordinary activities down 12% to $6,860M
• Profit before income tax down 35% to $1,689M
• Net profit after income tax down 33% to $1,216M

Yancoal Australia Ltd has reported its full year statutory accounts for the year ended 31 December 2024. Revenue from ordinary activities declined 12% to $6,860 million, while profit before income tax (before and after non-recurring items) decreased 35% to $1,689 million. Net profit after income tax attributable to members (before and after non-recurring items) was down 33% to $1,216 million. Earnings per share (before and after non-recurring items) also declined 33% to 92.3 cents per share (basic) and 92.1 cents per share (diluted). Net tangible assets per share increased 10% to $6.95. The company declared a final dividend for 2024 of $0.5200 per share, fully franked, to be paid on 30 April 2025. Yancoal's portfolio of mines concluded 2024 operating at near optimal production levels, with 36.9 million tonnes of attributable saleable coal produced, within the company's guidance range. Cash operating costs of $93 per tonne were also within the guided range. Capital expenditure for 2024 was $705 million, compared to the $650-800 million guidance range. Yancoal ended the year in a strong financial position, holding almost $2.5 billion in cash.

Yancoal's 2024 production was 36.9 million tonnes of attributable saleable coal, within the guidance range of 35-39 million tonnes. Cash operating costs were $93 per tonne, within the $89-97 per tonne guidance range.