Core Viewpoint - Yancoal Australia (03668) reported a strong performance in Q4 2025, with significant increases in coal production and sales, reflecting positive market conditions and operational efficiency [1] Production and Sales Performance - The total raw coal production for Q4 2025 was 18.9 million tons, representing a 20% increase quarter-on-quarter and a 9% increase year-on-year [1] - The commodity coal production reached 13.6 million tons, up 11% from the previous quarter and 5% year-on-year [1] - The equity commodity coal production was 10.4 million tons, with a 12% quarter-on-quarter increase and a 7% year-on-year increase [1] - The equity coal sales volume was 10.8 million tons, showing a 4% increase compared to the previous year [1] Pricing Trends - The overall coal sales price in Q4 2025 was AUD 148 per ton, with thermal coal prices increasing by 6% and metallurgical coal prices rising by 4% compared to Q3 2025 [1] - This pricing performance reflects the trends of the four main coal indices typically referenced in contracts [1] Operational Guidance - The operational guidance for 2025 remains unchanged, with an expected equity commodity coal production range of 35 to 39 million tons, targeting 38.6 million tons [1] - Cash operating costs are projected to be between AUD 89 to 97 per ton, with the first half of 2025 recording AUD 93 per ton, expected to be around the midpoint for the full year [1] - Equity capital expenditure is estimated to be between AUD 750 million to 900 million, with expectations to be at the lower end of this range [1]
兖煤澳大利亚第四季度权益煤炭销量为1080万吨 同比增长4%