2025 Annual General Meeting Address and Presentation
Stock | Yancoal Australia Ltd (YAL.ASX) |
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Release Time | 28 May 2025, 8:45 a.m. |
Price Sensitive | Yes |
Yancoal Australia Ltd 2025 Annual General Meeting Address and Presentation
- Safety performance remained below industry average in 2024, with commitment to improving the trend
- Published 2024 Sustainability Report, integrating ESG information and disclosures
- Delivered strong financial results in 2024 with revenue of $6.86 billion and EBITDA of $2.58 billion
Yancoal Australia Ltd held its 2025 Annual General Meeting, where the Co-Vice Chairman, Mr Gregory Fletcher, delivered the address and presentation. The key highlights included:Safety Performance: The company's 12-month rolling Total Recordable Injury Frequency Rate (TRIFR) was 6.73 at the end of 2024, which was below the comparable industry average. Yancoal remains committed to improving the safety trend through targeted intervention activities.Sustainability: In April 2025, Yancoal published its 2024 Sustainability Report, which integrates Environment, Social, and Governance (ESG) information and sustainability disclosures. The company has also commenced developing systems and processes in preparation for increased disclosure requirements.Financial Results: Yancoal delivered strong financial results in 2024, with revenue of $6.86 billion and Operating EBITDA of $2.58 billion, representing a 37% Operating EBITDA margin. The company's Profit after Tax was $1.22 billion, with earnings per share of $0.92. Yancoal ended 2024 with $2.46 billion in cash and no interest-bearing loans, and declared $687 million in dividends for the year, representing a 56% payout ratio.Coal Market Conditions: The presentation included charts showing the trends in thermal and metallurgical coal benchmark prices, as well as Yancoal's average realized prices, which were $160/tonne for thermal coal and $276/tonne for metallurgical coal in 2024.