Yancoal has smashed 2025 production records, boosting coal sales and piling its cash balance to over $2 billion.
The company’s quarterly report for the period ending December 31, 2025 showed run-of-mine (ROM) coal production of 18.9 million tonnes (Mt) on a 100 per cent basis, with 13.6 Mt of saleable coal produced and 10.4 Mt attributable to Yancoal. Attributable coal sales reached 10.8 Mt, generating an average realised price of $148 per tonne, up 6 per cent from the prior quarter.
“We delivered near the top of our annual production guidance range for 2025 with 38.6 million tonnes of attributable saleable coal — this was a company record,” Yancoal chief executive officer Sharif Burra said.
At the asset level, production was strong across most operations. Mount Thorley Warkworth produced a record 2.1 Mt ROM output in November, while Hunter Valley Operations (HVO) exceeded targets despite earlier weather disruptions.
Moolarben’s longwall encountered harder coal, slightly reducing output, but equipment upgrades restored production. Other mines, including Yarrabee, Middlemount, and Ashton, demonstrated resilience, with Ashton’s longwall returning to production after additional dewatering.
Exploration expenditure remained modest at $0.98 million, focused on HVO and Moolarben. The company also advanced development projects, including underground studies at MTW and mine life extensions at HVO and Moolarben, positioning the business for sustainable growth.
Yancoal ended the year with a cash balance of $2.13 billion, up $307 million from September, demonstrating disciplined cost management and a platform for potential dividends and capital investment.