• Coronado Global Resources Inc. has filed its Q1 2025 Form 10-Q with the U.S. SEC
• The company incurred net losses of $96.2 million and generated negative cash flows from operating activities of $37.3 million in Q1 2025
• Coronado has obtained waivers from its lenders to temporarily defer compliance with certain financial covenants

Coronado Global Resources Inc. has filed its Q1 2025 Form 10-Q with the U.S. Securities and Exchange Commission. The company reported net losses of $96.2 million and generated negative cash flows from operating activities of $37.3 million in the first quarter of 2025. Coronado's earnings and cash flows have been significantly impacted by subdued performance of the metallurgical coal markets, leading to low realized prices for the coal it sells. As of March 31, 2025, the company's aggregate sources of liquidity were $325.1 million, comprising cash and cash equivalents of $229.5 million and $95.7 million available for borrowing under its ABL Facility. To address its financial position, Coronado has obtained a waiver agreement with the Administrative Agent under the ABL Facility to temporarily waive the company's compliance with the interest coverage ratio covenant between December 31, 2024 and March 30, 2025. The company has also obtained a subsequent waiver agreement to defer the financial covenants test period from the twelve months to March 31, 2025 to the twelve months to May 31, 2025, and to waive the Review Event under the terms of the ABL Facility due to the downgrade of the company's credit ratings up to April 2025.