• YTD TRIFR improved to 2.9 from 4.6 in FY25
• Managed ROM production up 21% to 11.0Mt, equity sales up 18% to 7.0Mt
• Unit cost of production at low end of FY26 guidance, H1 FY26 unit cost ~A$135/t

Whitehaven Coal Limited reported its December 2025 (Q2 FY26) Quarterly Production Report, highlighting strong production and sales volumes, improving market dynamics, and disciplined cost management. The company's YTD TRIFR improved to 2.9 from 4.6 in FY25. Managed ROM production was 11.0Mt, up 21% on the previous quarter, while equity sales of produced coal were 7.0Mt, up 18%. The company's Queensland operations delivered 5.6Mt of managed ROM production, up 20% quarter-on-quarter, while New South Wales operations produced 5.4Mt, up 23%. Whitehaven achieved an average price of A$225/t for its Queensland operations and A$163/t for its New South Wales operations. The company's unit cost of production was at the low end of FY26 guidance, with H1 FY26 unit cost expected to be ~A$135/t, subject to final audit. Whitehaven's net debt at 31 December 2025 was ~A$0.7 billion, down from A$0.8 billion at 30 September. The company continued its share buyback program, acquiring 6.3 million shares for A$45 million in H1 FY26. Whitehaven's development projects, including the Narrabri Stage 3 Extension and the Winchester South Metallurgical Coal Project, are progressing in line with the company's capital allocation framework.

FY26 managed ROM coal production of 37.0 - 41.0Mt, with QLD operations at 18.3 - 20.1Mt and NSW operations at 18.7 - 20.9Mt. Managed coal sales of 29.5 - 33.0Mt, with QLD operations at 14.6 - 16.1Mt and NSW operations at 14.9 - 16.9Mt. Equity coal sales of 23.3 - 26.1Mt, with QLD operations at 11.4 - 12.6Mt and NSW operations at 11.9 - 13.4Mt. Unit cost of coal (excluding royalties) of A$130 - A$145/t. Capital expenditure of A$340 - A$440 million.