• Revenue of $6.86 billion, down 14% due to lower coal prices
• Operating EBITDA of $2.58 billion, EBITDA margin of 37%
• Saleable coal production up 10% to 36.9 million tonnes
• Cash operating costs down 3% to $93 per tonne
• $687 million fully-franked final dividend declared

Yancoal Australia Ltd has reported its financial results for the year ending 31 December 2024. The company achieved revenue of $6.86 billion, a 14% decrease compared to 2023, driven by a 24% decrease in realised coal prices to $176 per tonne. Despite the lower prices, Yancoal delivered strong operational performance, with a 10% increase in saleable coal production to 36.9 million tonnes and a 3% reduction in cash operating costs to $93 per tonne. This resulted in an operating EBITDA of $2.58 billion and an EBITDA margin of 37%. The company's financial position remains robust, with a cash balance of $2.46 billion at the end of December. The Board has declared a fully-franked final dividend of $687 million, or $0.52 per share, representing a 56% payout ratio. Yancoal's CEO highlighted the company's ability to maintain flat unit costs in an inflationary environment, a result of ongoing optimization and reinvestment in the assets. The company is well-positioned for 2025, providing production guidance of 35-39 million tonnes of attributable saleable coal at cash operating costs of $89-97 per tonne, and capital expenditure guidance of $750-900 million.

• 35-39 million tonnes attributable saleable coal production
• $89-97 per tonne cash operating costs
• $750-900 million attributable capital expenditure

Yancoal is well-positioned for 2025, with a large-scale, low-cost coal production profile that is well suited to all coal market conditions. The company has no interest-bearing loans, a large net cash position, and a robust operating margin, allowing it to pursue growth opportunities for the benefit of shareholders.