Whitehaven Coal LtdPrivate▲ Positive
Capitalrelevance
Record production, cost cuts, strong EBITDA, and dividend/buyback highlight financial performance.
Whitehaven Coal Reports Record Production and Cost Cuts in FY26
Earnings
Whitehaven Coal reported record production of 40.3 million tonnes and reduced unit costs to $132 per tonne in fiscal 2026. Revenue was $5.4 billion, split 57% metallurgical coal and 43% thermal coal, with underlying EBITDA of $1.25 billion and underlying NPAT of $227 million. The company declared a fully franked dividend of $0.06 per share and returned $159 million to shareholders, a 70% payout ratio. Net debt stood at $1.3 billion, approximately one turn of leverage, after a refinancing that is expected to save $50-55 million annually. Management guided FY27 costs in a wide range of $132-$147 per tonne due to diesel price uncertainty from the Middle East conflict.
Record production, cost cuts, strong EBITDA, and dividend/buyback highlight financial performance.