• FY25 total recordable injury frequency rate (TRIFR) of 4.6 for employees & contractors
• FY25 revenue mix of ~64% metallurgical and ~36% thermal coal sales
• FY25 unit cost of coal of ~$139/t and capex of ~$390 million both better than guidance

Whitehaven Coal Limited has reported strong operational results in the June quarter, capping off a very strong year in FY25. The company's FY25 total recordable injury frequency rate (TRIFR) was 4.6 for employees and contractors. In the June quarter, Whitehaven's managed ROM production was 10.6Mt, up 15% on the March quarter, and 39.1Mt for FY25, up 60% on FY24 due to a full year of Blackwater and Daunia ownership. Total June quarter equity sales of produced coal were 6.0Mt, and 26.5Mt for FY25. The FY25 revenue mix was approximately 64% metallurgical and 36% thermal coal sales. Whitehaven's FY25 unit cost of coal was approximately $139/t, and capex was approximately $390 million, both better than guidance. The company's Queensland operations delivered a strong quarter with 5.6Mt of managed ROM production, a 26% improvement quarter-on-quarter. FY25 ROM volumes of 20.0Mt exceeded the top end of guidance. In New South Wales, the company's operations delivered 4.9Mt of managed ROM production in the June quarter, up 5% quarter-on-quarter. FY25 ROM production of 19.1Mt was in the upper half of guidance. Whitehaven remains focused on margin optimization, cost management, and prudent allocation of capital in the current soft pricing environment.

Whitehaven's FY25 unaudited unit cost of coal was approximately $139/t, and unaudited capex was approximately $390 million, both better than the company's FY25 guidance ranges of $140 - $155/t and $440 - $550 million, respectively.

Whitehaven is focused on managing through the current soft pricing environment, with a continued focus on cost management and prudent capital allocation. The company expects the structural shortfall in global metallurgical coal production and increased seaborne demand from India to drive higher metallurgical coal prices over the long-term, which should benefit Whitehaven's metallurgical coal portfolio.