• Solid operational performance with 10% increase in attributable saleable coal production
• Cash operating costs decreased 3% to A$93/t, driven by higher production volumes
• Implied cash operating margin of A$66/t, demonstrating asset quality and resilience
• Thermal coal indices range-bound, responding to short-term market drivers

Yancoal Australia Ltd reported its 2024 financial results, highlighting solid operational and financial performance. Total ROM coal production increased 4% to 62.7Mt, while attributable saleable coal production grew 10% to 36.9Mt. The company's large-scale, low-cost mines underpinned its competitive position, with cash operating costs decreasing 3% to A$93/t, driven by the higher production volumes. This resulted in an implied cash operating margin of A$66/t, demonstrating the quality and resilience of Yancoal's asset portfolio. The thermal coal market saw a year of supply recovery, with relatively stable pricing. Australian thermal coal exports increased 2% in 2024, and demand growth was dominated by China and India, as well as strong growth in South-East Asia. Yancoal's average thermal coal sale price of US$160/t and metallurgical coal price of US$276/t reflected the range-bound nature of the indices, responding to short-term market drivers. The company remained focused on safety, with a Total Recordable Injury Frequency Rate (TRIFR) of 6.7, still below the industry weighted average. Yancoal also continued to progress its sustainability initiatives, including the development of systems and processes in preparation for increased disclosure requirements.