• Record first-half production, up 15-16% from 1H 2024
• Cash operating costs down 8% despite inflationary pressures
• Potential to deliver full-year production at upper end of guidance

Yancoal Australia Ltd has reported its financial and production results for the first half of 2025, delivering record first-half performance. ROM coal production increased 16% to 32.2 million tonnes (100% basis), while saleable production rose 15% to 24.8 million tonnes (100% basis). Attributable saleable coal production grew 11% to 18.9 million tonnes, annualizing above the guidance range mid-point. Despite lower international coal prices, the company achieved an operating EBITDA of $595 million and an EBITDA margin of 23%. Cash operating costs (excluding royalties) decreased 8% to $93 per tonne, as increased volumes and productivity initiatives offset inflationary factors. Yancoal ended the first half with a strong cash balance of $1.8 billion. The Board has declared a fully-franked interim dividend of $82 million, or A$0.0620 per share. Looking ahead, the company is potentially tracking to deliver full-year attributable saleable production at the upper end of its 35-39Mt guidance range, with cash operating costs expected to be in the lower half of the $89-97/tonne guidance. Capital expenditure for the year is on track to fall within the $750-900 million guidance range.

• 35-39Mt attributable saleable production for the full year 2025
• $89-97/tonne cash operating costs for the full year 2025
• $750-900 million attributable capital expenditure for the full year 2025

Yancoal expects further supply-side reductions from higher-cost producers, contributing to a potential recovery in coal price indices over the next 12-18 months, which could bolster the company's financial performance.