Whitehaven Coal’s shares declined 3.7% to A$7.47 on Wednesday, extending losses as weaker coal prices and a stronger Australian dollar pressured revenue.
The miner reported underlying net profit after tax of A$227 million and underlying EBITDA of A$1.3 billion for the period. Revenue fell 7% to A$5.4 billion, driven by softer coal prices and the appreciation of the Australian dollar against the currencies in which coal is priced.
Production remained robust, with managed run-of-mine output reaching 40.3 million tonnes, matching the top end of the company’s guidance. The revenue mix was split between 57% metallurgical coal and 43% thermal coal.
For fiscal year 2027, Whitehaven Coal maintained its production guidance for managed ROM output at 38–41 million tonnes, offering no material increase in volume. The company also flagged a higher capital expenditure range of A$390–490 million, while net debt stood at approximately A$1.3 billion.
The broader market showed limited movement, with the ASX 200 down 0.3%, influenced by a subdued overnight session in U.S. equities.
