December 2025 Quarterly Activities Report
| Stock | Stanmore Resources Ltd (SMR.ASX) |
|---|---|
| Release Time | 27 Jan 2026, 8:32 a.m. |
| Price Sensitive | Yes |
Record quarter for production and sales, closing out a strong recovery
- Successfully delivered back-ended operational plan, achieving quarterly records across the board
- Overcame significant operational headwinds early in the year to deliver record full-year saleable production
- Maintained strong safety performance, with Serious Accident Frequency Rate well below industry average
The December quarter marked an exceptional close to the year for Stanmore Resources, with operations delivering record performances across all production metrics. This was achieved safely and despite the first-half challenges from adverse weather, demonstrating the company's operational agility and flexibility. Market conditions improved over the course of the period, with premium hard coking coal prices rising to approximately US$218 per tonne, providing welcome relief after a challenging year for metallurgical coal markets. The improvement was driven by stronger demand for seaborne material from China and India, compounded by ongoing supply concerns during Australia's wet season. Combined with the record production and sales, the improved market conditions supported strong cash generation, reducing net debt to just US$33 million and increasing total liquidity to US$482 million. Looking ahead to 2026, the year has commenced under challenging conditions following the arrival of ex-tropical cyclone Koji, but Stanmore continues to monitor the situation closely and will update the market on likely impact and recovery plans.
Full-year saleable production for 2025 concluded at the mid-point of the revised Guidance range of 13.8 - 14.2Mt. South Walker Creek and Poitrel are expected to deliver another solid operational year in 2026, while production from the Isaac Plains Complex is planned to be lower as mining activities and the associated cost structure are strategically adjusted ahead of the planned transition to the Isaac Downs Extension.
Stanmore continues to monitor the impact of ex-tropical cyclone Koji on operations, with the severe weather event intensifying supply concerns across the Bowen Basin. The company will update the market on the likely impact and recovery plans in due time.