• Weak Met coal market conditions impacted revenue and profitability
• Improved operational performance with higher saleable production
• Significant structural cost reductions and liquidity support from Stanwell
• Safety incidents led to temporary production suspensions

Coronado Global Resources Inc. reported its financial results for the year ended December 31, 2025 (FY25). Revenue from ordinary activities declined 22% to $1,949,787 thousand, and net loss from ordinary activities after tax attributable to members increased 297% to $432,056 thousand, compared to the previous year. The results were adversely impacted by weak conditions in the Met coal market, with the benchmark PLV HCC FOB AUS average price declining 21.7% year-over-year. This was driven by softer global crude steel production, particularly in China, and increased seaborne supply. Despite these challenging market conditions, Coronado delivered improved operational performance in FY25, with saleable production increasing 0.7 MMt to 16.0 MMt. This was driven by the successful ramp-up of the Mammoth Underground mine, completion of the Buchanan expansion project, increased dragline utilization at Curragh, and productivity improvements across both operating regions. However, sales volume of 15.6 MMt was 0.2 MMt lower than the previous year due to logistics constraints and shipment timing impacts. The company executed significant structural cost reductions during the year, with mining costs $165.8 million lower than in 2024, reflecting contractor fleet reductions, productivity improvements, and idling of surface operations. Coronado also secured incremental funding and amended the terms of its financial covenants, obtained liquidity support from Stanwell, and benefited from improving Met coal market conditions. As a result, the company concluded that its current cash and forecasted cashflows will be sufficient to fund operations and satisfy obligations for at least one year. However, the company faced safety incidents at its Logan and Mammoth Underground mines, leading to temporary production suspensions.