兖煤澳大利亚：2025 profit below consensus; resilient coal price to support 2026 earnings-20260226
YANCOAL AUSYANCOAL AUS(HK:03668) Zhao Yin Guo Ji·2026-02-26 01:54

26 Feb 2026 CMB International Global Markets | Equity Research | Company Update Yancoal Australia (3668 HK) Yancoal Australia (3668 HK) - 2026 earnings 2025 profit below consensus; resilient coal price to support 2026 earnings Yancoal's (YAL) net profit in 2025 came in at A$440mn (-64% YoY), which is 15% below Bloomberg consensus but 20% above our estimates due to the high earnings sensitivity to the unit cash margin. YAL declared a final dividend of A$0.122/shr. This, together with the interim dividend of ...