According to the Zhitong Finance App, Yancoal Australia (03668) released a report for the second quarter ended June 30, 2026. Using a 100% benchmark, raw coal production was 17.5 million tons. On a 100% basis, commercial coal production is 13.8 million tons. Equity commercial coal production is 10.8 million tons. Equity commodities sold 11.6 million tons of coal. The average coal sales price is 160 Australian dollars/ton. Cash balance of $2.01 billion as of June 30, 2026.
Our total recordable work injury frequency was 6.64 at the end of the quarter, up from 5.77 at the end of March. This result shows that we need to refocus on improving safety performance through continued targeted safety interventions.
As expected, the focus of production activities in the second quarter of 2026 has shifted from divestment operations to coal mining. Equity commercial coal production increased 20% month-on-month to 10.8 million tons in the second quarter of 2026; setting a single-quarter production record.
The average price of most marine coal indices increased by 14%-19% in the second quarter of 2026, although there was a slight decline at the end of the quarter.
In the second quarter of 2026, the overall coal sales price was 160 Australian dollars/ton. Among them, the sales price of thermal coal increased 11% compared to the first quarter of 2026, and the sales price of metallurgical coal increased 3%. Changes in the coal index in the second quarter are expected to be gradually reflected in actual sales prices over the next few quarters.
Although the pressure on diesel prices eased from the beginning of the second quarter, there is still some uncertainty about the price trend. Although we are still bearing the high purchase price of diesel, the expected impact on overall operating costs in 2026 has declined.