• Expansion projects completed on time and on budget, adding 3 Mtpa of incremental capacity
• Significant cost reductions achieved, with mining costs down 9% to $97.5/t
• Operational momentum demonstrated, with record production, sales, and utilization metrics

Coronado Global Resources Inc. today announced its full-year 2025 results, marking the culmination of a multi-year transformation, delivering a lower cost base, higher production capacity, and a more resilient capital structure, despite very challenging market conditions. The value accretive Mammoth Underground and Buchanan Expansion projects were completed on time and on budget, adding approximately 3 Mtpa of incremental capacity from 2026, and achieving that run-rate at the end of the year. The projects generated ~$15 million of incremental mine operating cash flow during the ramp-up phase in FY25 and, at consensus pricing, are expected to add an incremental $300 million of mine operating cash flow in FY26, resulting in a payback period of just under one year for both projects. Coronado delivered an improvement in its cost profile in FY25, achieving ~$165 million in mining cost reductions and driving a 9% decrease in average mining costs per tonne sold to $97.5/t, supported by improved productivity. Coronado achieved a step-change in performance in 2025, breaking numerous long-standing records across production and sales metrics, delivering four consecutive quarters of sales growth, culminating in the strongest half-year results in years. The $150 million of liquidity support provided by Stanwell in the first half of FY25, and the more recent restructuring of the Stanwell arrangements, which provided a US$265 million ABL Facility and long-term prepayment mechanism for nominated coal deliveries, are testament to Curragh's strategic importance and have accelerated the cash flow inflection point previously expected in FY27.

Saleable production is expected to increase to 16-17 Mt in FY26, supported by a full year of output from the Mammoth Underground and Buchanan expansion projects. Average mining cash costs per tonne produced are forecast to improve to $88-96/t, benefiting from higher-margin production from recently completed growth projects. Capital expenditure is expected to decrease to $150-175 million, reflecting the completion of major expansion investments.

With global steel demand forecast to improve and supply constraints supporting pricing, Coronado is well positioned to deliver improved margins and sustainable returns in the coming year, benefiting from its lower cost base, higher production capacity, and more resilient capital structure.