Daily Roundup

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Yancoal Australia Ltd Reports Solid Q2 2025 Production

Yancoal Australia Ltd had a productive second quarter, reporting 17.0Mt of run-of-mine (ROM) coal production and 12.3Mt of saleable coal production on a 100% basis. Attributable saleable coal production came in at 9.4Mt, down slightly from the previous quarter. The company's cash balance at the end of the quarter stood at a healthy $1.8 billion.

Some sales were deferred to Q3 2025 due to temporary port closures, but Yancoal expects to recover the delayed shipments. The company's safety performance continued to improve, with the 12-month rolling TRIFR (total recordable injury frequency rate) reducing to 6.32.

Looking ahead, Yancoal provided guidance for the full year 2025, including 35-39Mt of attributable saleable production, cash operating costs of $89-97 per tonne, and attributable capital expenditure of $750-900 million. The company noted that coal prices faced a soft pricing environment during the quarter due to strong supply and subdued demand, but expects further supply-side reductions from higher-cost producers, which could contribute to a potential recovery in coal price indices.

CAR Group Announces CEO Transition, Positive FY25 Outlook

In other news, CAR Group Limited (ASX:CAR) announced that its long-serving CEO, Cameron McIntyre, is stepping down after 18 years with the company. The Board has appointed William Elliott, the current CFO, as the new Managing Director and CEO, effective August 15, 2025.

CAR Group also provided an estimate of its FY25 results, including a 12% increase in proforma revenue to $1,142-$1,146 million, and 11-12% growth in both proforma EBITDA and adjusted NPAT. The company's reported revenue is expected to grow 7-8% to $1,181-$1,185 million, with reported EBITDA and NPAT growing 9-10% and 9-11%, respectively.

CAR Group CEO Cameron McIntyre commented, "CAR Group has had another great year. We have achieved excellent financial results in FY25 with double-digit growth across our key three financial metrics. This is a great outcome and reflects the strength of the business model, the execution of our strategy and resilience through macro-economic cycles."

Integrated Research Provides FY25 Trading Update

Integrated Research Ltd (IR), a leading provider of observability solutions, has reported a trading update for the 2025 financial year. While the company experienced softer renewals, leading to a decline in total contract value (TCV) and statutory revenue compared to the prior year, it highlighted robust cash conversion and stronger second-half trading activity.

IR's new CEO, appointed in October 2024, is focused on the company's product-led growth strategy, including the successful release of the High Value Payments (HVP) product and the signing of a top 10 US bank as its first client. The company also secured the first new business for its IR Hosted Prognosis product.

For FY25, IR expects pro-forma revenue to be steady compared to the prior year at 73-75 million AUD, while EBITDA is expected to be 15-17 million AUD, down 31% to 39% compared to FY24. The company is laying the foundations for sustainable growth, with the development and release of AI-enabled products as a core focus in its innovation roadmap.

Boom Logistics CEO to Depart

In a separate announcement, Boom Logistics Limited (ASX:BOL) revealed that its Chief Executive Officer and Managing Director, Mr. Ben Pieyre, has tendered his resignation to pursue opportunities outside of the crane industry. Pieyre will continue in his role until the end of December 2025 to ensure a smooth leadership transition.

Boom's Chair, Mr. Kieran Pryke, expressed gratitude for Mr. Pieyre's service over the past six years, including two years as CEO, during which he contributed greatly to the company's performance and growth. A comprehensive search for a new CEO will commence, with a permanent appointment expected to be made later in 2025.

Energy One Announces CEO Retirement and Transition

Finally, Energy One Ltd (ASX:EOL) has announced that its current CEO, Shaun Ankers, will retire by the end of 2026. The company is well-positioned for the next phase of growth, having invested in building capability throughout the organization to support its global ambitions.

The Board has commenced a process to appoint a new Chief Executive Officer with a mandate to continue the trajectory of growth and has engaged Riverstone Associates to lead an international search for a high-calibre leader who will enhance and accelerate Energy One's growth strategy. The extended transition and handover will ensure the leadership change is appropriately supported, with no disruption to the company's strategic focus or momentum.