• 15.8Mt ROM coal production (100% basis)
• 12.3Mt Saleable coal production (100% basis)
• A$140/t average realised coal price
• $1.8 billion cash balance at 30 September 2025

Yancoal Australia Ltd reported its quarterly activities for the third quarter of 2025. The company produced 15.8Mt of ROM coal on a 100% basis, a 7% decrease from the prior quarter, and 12.3Mt of saleable coal, which was flat compared to the previous quarter. Attributable saleable coal production was 9.3Mt, a 2% decrease from 2Q 2025. Attributable coal sales were 10.7Mt, a 31% increase from the prior quarter as the company recovered sales volumes delayed due to weather-related shipping disruptions in the previous quarter. The company achieved an average realised coal price of A$140/t, comprising A$130/t for thermal coal and A$195/t for metallurgical coal. Yancoal finished the quarter with a strong cash balance of $1.8 billion. The company's safety performance improved, with the 12-month rolling Total Recordable Injury Frequency Rate (TRIFR) reducing to 5.71 from 6.32 in the prior quarter. Yancoal's operational guidance for 2025 remains unchanged, with attributable saleable production expected to be in the upper half of the 35-39Mt range, cash operating costs around the mid-point of the A$89-97/tonne guidance, and capital expenditure within the A$750-900 million range.

• 35-39Mt attributable saleable production - currently tracking above the mid-point and should end in the upper half of the range
• A$89-97/tonne cash operating costs - 1H 2025 reported unit costs were A$93/t, and we expect to be around the mid-point for the full year
• A$750-900 million attributable capital expenditure - on track to fall within guidance

Yancoal remains optimistic on the long-term outlook for coal demand beyond 2040, despite current challenging market conditions. The company believes that for coal prices to recover, either a significant uplift in demand or a meaningful supply-side response is required. While the former seems unlikely, the latter is occurring slowly as some higher-cost producers have entered administration.