• Record production and sales volumes across the portfolio
• Robust financial performance with Underlying EBITDA of US$700 million
• Significant capital investment program largely executed, transitioning to sustaining capital run-rate

Stanmore Resources Ltd reported its 2024 full year financial results, highlighting a strong operational and financial performance. The company achieved record production and sales volumes across its portfolio, with saleable production of 13.8 million tonnes. This was driven by operational excellence and disciplined execution of a significant capital investment program. The company's Underlying EBITDA was US$700 million, supported by the higher volumes but partially offset by lower commodity prices. Stanmore delivered on its major capital projects, with the MRA2C Creek Diversion, Poitrel Ramp-10 Box-cut, and South Walker Creek Expansion projects all completed on or ahead of schedule and below planned costs. The company's capital expenditure profile is expected to return to a sustaining run-rate in 2025, with the core operating assets de-risked and South Walker Creek positioned for future growth. Stanmore's balance sheet remains strong, with a pro forma net debt position of US$86 million and pro forma gearing of less than 5% as of the end of 2024. The company declared a final, fully franked 2024 dividend of 6.7 US cents per share, bringing the total dividends declared in relation to 2024 to 11.1 US cents per share.

Saleable production of 13.8 million tonnes, FOB cash cost of US$89 per tonne, and average sales price of US$168 per tonne for the 2024 financial year.

Stanmore is well-positioned for the future, with a strong operational and financial platform, a significant capital investment program largely executed, and a robust pipeline of organic growth opportunities to further strengthen its position in the Bowen Basin.