• All operations TRIR below industry average
• Production momentum building with 20% increase in Q2 ROM production
• Expansion projects on track to deliver higher volumes, lower costs, and improved margins in H2

Coronado Global Resources Inc. (ASX: CRN) today reported increasing production and sales within the half as well as US$200 million lower operating costs compared to the prior year. The company achieved breakeven EBITDA in Q2 despite lower average realised coal prices that were down 24% year-on-year, having a ~US$400 million adverse impact. Coronado expects increased volumes in H2, driven by the expansion projects ramp-up, to drive profitability and cash generation, further supported by lower expected capital expenditure and more savings. Key highlights include all operations having TRIR below industry average, 20% quarter-on-quarter increase in ROM production, and the Buchanan and Mammoth expansion projects now producing additional volumes. The company expects the quarter-on-quarter EBITDA trajectory improvement to continue into Q3 and H2, with up to $80 million in cost and capital reduction on track to be realised in 2025. Coronado has secured up to $300 million in additional funding, enhancing its liquidity runway, and is targeting a step change in higher production rates, lower costs, and improved margins across all operations in H2 2025.

Coronado expects significant improvements in volumes, unit costs, and overall cash generation in the coming quarters, which is expected to underpin stronger results in the second half of 2025. The company forecasts H2 cash Capital Expenditure of ~$80 million, ~$70 million lower than H1.

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 is focused on operating efficiently and safely, protecting cash, securing liquidity, and preserving optionality, while also exploring options to further support liquidity, including through potential minority sales or other funding sources.