• June 2025 ROM production was best monthly result since July 2019
• 20% increase in ROM production quarter-on-quarter
• Buchanan expansion project delivered first coal on time and within budget

Coronado Global Resources reported a strong Q2 2025, with the June month delivering the best monthly ROM production result since July 2019. ROM production increased 20% quarter-on-quarter, and saleable production was also up 6.9%. The company's Australian and US operations both performed well, with the Buchanan expansion project delivering first coal on time and within budget during the quarter. The increased production is expected to have a significantly favorable impact on earnings and operating cash flow growth in the second half of the year. Coronado has made progress on near-term funding initiatives, including a new $150 million ABL facility and $150 million in liquidity support from Stanwell. The company remains focused on operating efficiently and safely, protecting cash, securing liquidity, and preserving optionality. Looking ahead, Coronado is confident in the strength of its strategy and asset base, with high-quality, long-life coal reserves and well-established customer relationships.

Coronado expects the Mammoth Underground Mine and Buchanan Expansion projects to be at full run rates during the December quarter of 2025, equivalent to an additional ~3 Mt annualised saleable production. These projects are forecast to materially increase production, result in lower unit costs, and drive significantly improved cash generation in H2 2025.

Coronado remains confident in the strength of its strategy and asset base, with high-quality, long-life coal reserves, strategically located operations, and well-established relationships with customers in high-growth markets. The company's strategic priorities remain unchanged, focused on operating efficiently and safely, protecting cash, securing liquidity, and preserving optionality. Coronado will also stay focused on any options to support liquidity, including potential minority sales or other funding sources, and be ready to grow when the cycle improves.