Yancoal’s half-year profit plunges 61% amid falling coal prices

Yancoal Australia Ltd. reported a 61% decrease in net profit after income tax attributable to members, falling to A$163 million for the half-year ended 30 June 2025, from A$420 million in the prior corresponding period. Revenue from ordinary activities also declined by 15% to A$2,675 million. Profit before income tax saw a 58% reduction, from A$571 million in 1H 2024 to A$239 million in 1H 2025.

The decline was primarily attributed to a 15% decrease in the overall average ex-mine selling price of coal, from A$176 per tonne in 1H 2024 to A$149 per tonne in 1H 2025. This was influenced by global USD coal price drops, with the GC Newc thermal coal index falling by 21%, API5 coal index by 21%, and Platts semi-soft coking coal index by 27%. Despite these price pressures, attributable saleable coal production increased by 11% to 18.9Mt, while total cash operating costs (excluding royalties) decreased by A$8/t to A$93/t.

The company declared an interim dividend of A$82 million (A$0.0620 per share) for 2025, following a A$687 million final dividend for 2024 (A$0.5200 per share). Yancoal aims to target full-year attributable saleable production towards the upper end of its 35-39 million tonnes guidance range.