Whitehaven Coal’s Qld production beats full-year guidance, NSW output falls
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The news: Total production from Whitehaven Coal’s Queensland operations exceeded guidance for financial year 2025 with sales from the state hitting the top half of guidance. New South Wales production and sales was within guidance but was lower year on year.
The numbers: In the June quarter, run-of-mine production hit 10.6Mt, up 15% quarter on quarter and hit 39.1Mt for the full year, up 60% on FY24.
Of this, Queensland-managed run-of-mine production was 20Mt for the full year which is about 15% higher than the previous year. Equity sales of coal hit 14.9Mt for the full year.
NSW managed run-of-mine production was 19.1Mt for the full-year which was 3% lower year on year. Equity sales of coal were also 13% lower year on year at 11.5Mt, although this was within guidance.
Unaudited FY25 unit cost of coal was about $139 per tonne and capex was about $390 million, better than guidance.
The context: The big uptick in Queensland coal production is due to Whitehaven coal’s acquisition of BHP Mitsubishi Alliance’s Daunia and Blackwater mines, which was completed in April 2024.
FY25 financial results and FY26 guidance will be reported on 21 August.
The source: ASX
