Yancoal Australia 2025 Financial Results 25 February 2026 For personal use only Important Notice and Disclaimer Acceptance - This presentation is issued by Yancoal Australia Limited ABN 82 111 859 119 ("Yancoal"). By accepting, accessing or reviewing this presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer. Summary of information - This presentation has been provided solely to convey information about Yancoal and its related entities, and their activities. Th ...

Core Insights - Alliance Resource Partners (ARLP) reported higher profitability in Q4 2025 despite lower revenue, driven by reduced operating expenses, lower impairment charges, and increased investment income [6][4] Production and Sales - Coal production reached 8.2 million tons, an increase from 6.9 million tons in the prior-year quarter, while coal sales volumes were 8.1 million tons, down from 8.4 million tons a year earlier [1] - In the Illinois Basin, coal sales volumes were 6.5 million tons, down about 2% year-over-year and sequentially, attributed to the timing of committed deliveries [7] - Appalachia coal sales volumes were 1.7 million tons, down from 1.8 million tons in the year-ago quarter and 2.1 million tons sequentially [8] Financial Performance - Total revenue for the quarter was $535.5 million, down from $590.1 million a year earlier, primarily due to lower coal sales and transportation revenue [3] - Adjusted EBITDA for Q4 2025 totaled $191.1 million, up 54.1% from Q4 2024 and up 2.8% sequentially [5] - Net income attributable to ARLP was $82.7 million, or $0.64 per unit, compared to $16.3 million, or $0.12 per unit, in the prior-year quarter [5] Cost and Pricing - Average coal sales price was $57.57 per ton, down 4% year-over-year and down 2.1% sequentially [2] - Segment Adjusted EBITDA Expense per ton sold was $40.24, down 16.3% year-over-year and down 1.8% sequentially [1] Royalty Segment - The royalty segment generated $56.8 million in revenue, up 17.2% year-over-year, attributed to higher coal royalty tons and record oil and gas volumes [12] - Oil and gas royalty volumes rose 20.2% year-over-year and 10% sequentially, producing segment adjusted EBITDA of $30 million [13] Balance Sheet and Cash Flow - As of December 31, 2025, ARLP reported total liquidity of $518.5 million, including $71.2 million in cash [15] - Free cash flow generated in the quarter was $93.8 million, with a distributable cash flow of $100.1 million [16] 2026 Outlook - Management provided guidance for 2026, indicating robust contracting activity with over 93% of expected volumes committed [17] - Coal sales volumes are expected to be between 33.75 million to 35.25 million tons, with pricing anticipated to be 3% to 6% lower than Q4 2025 levels [18] - Capital expenditures are projected to be between $280 million to $300 million for 2026 [18]

Financial Performance - Yancoal reported a revenue of $2.68 billion, a 15% decrease compared to $3.138 billion in 1H 2024 [12, 76] - Operating EBITDA was $595 million, with a 23% margin [12] - Profit after tax reached $163 million, resulting in earnings per share of $0.12 [12] - The company holds $1.8 billion in cash with no interest-bearing loans [12] - An interim dividend of $82 million, or $0.0620 per share, was declared at a 50% payout ratio [12] Production and Operations - ROM coal production was 32.2Mt, a 16% increase from 1H 2024 [12, 28] - Saleable coal production reached 24.8Mt, a 15% increase from 1H 2024 [12, 22] - Attributable saleable coal production was 18.9Mt, an 11% increase compared to 1H 2024 [12, 33] - Cash operating costs decreased by 8% to $93/tonne compared to 1H 2024 [12, 37] Safety - The 12-month rolling Total Recordable Injury Frequency Rate (TRIFR) was 6.32, an improvement from 6.73 at the end of 2024, and remains below the industry weighted average of 7.93 [12, 17]