Yancoal reports strong 2024, boosts dividend to A$0.52 per share

** Yancoal Australia (HKEX:3668) announced a solid financial year for 2024, reporting attributable saleable coal production of 36.9 million tonnes and operating EBITDA of $2.6 billion. Despite a 24% decrease in average selling price to A$176/tonne, the company successfully contained costs, with cash operating costs at A$93/tonne. This operational efficiency and a $2.5 billion cash balance allowed Yancoal to declare a fully franked final dividend of A$0.52 per share, reflecting an increased payout from A$0.325 per share last year. Revenue reached $6.9 billion, with 86% derived from China, Japan and South Korea. Looking ahead, Yancoal aims to pursue further growth opportunities and explore diversification beyond coal. For 2025, attributable saleable production is expected to reach 35-39 million tonnes. Capital expenditure is projected at $750-900 million.