Quaterly Activities Report - 1Q 2025

• A$157/t average realised coal price
• $136 million increase in cash balance to $2.6 billion
• 15.2Mt ROM coal production, 12.5Mt saleable coal production

Yancoal Australia Ltd reported its Q1 2025 production results, with a A$157/t average realised coal price, a $136 million increase in cash balance to $2.6 billion, and 15.2Mt ROM coal production (100% basis) and 12.5Mt saleable coal production (100% basis). Attributable saleable coal production was 9.5Mt, and attributable coal sales were 8.4Mt. The company's Total Recordable Injury Frequency Rate improved during the quarter to 6.46, remaining below the comparable industry weighted benchmark. Yancoal's 2025 operational guidance remains unchanged, with 35-39Mt attributable saleable production, $89-97/tonne cash operating costs, and $750-900 million attributable capital expenditure. The company noted that the coal sector is facing a weak pricing environment due to strong supply and subdued short-term demand, but its large-scale, low-cost operations give it a competitive advantage. Yancoal will return $687 million to shareholders as a fully franked final dividend of A$0.52/share, and will hold more than $1.9 billion of cash and remain debt-free after the distribution.

35-39Mt attributable saleable production, $89-97/tonne cash operating costs, $750-900 million attributable capital expenditure (financial year 2025)

Yancoal's large-scale, low-cost coal production profile is well suited to all coal market conditions, and the company expects a subsequent price recovery as higher-cost producers respond to the current low coal prices.