24 October 2025

September 2025 Quarter Production Report

Group highlights – Solid start to FY26 production and sales

Q1 FY26 total recordable injury frequency rate (TRIFR) of 3.6 for employees & contractors
September quarter managed ROM production of 9.0Mt, down 15% on the June quarter
September quarter equity sales of produced coal of 5.9Mt down 1% on the June quarter
Cost out program and productivity improvements across all operations progressing well – on track to deliver $60 million to $80 million of annualised savings by 30 June 2026
First contingent payment made to BMA on 2 July of US$9 million – below the annual cap of US$350 million. Currently tracking to pay no contingent payment for year two.

QLD – Daunia and Blackwater tracking well with solid Q1 FY26 operational results and sales

QLD managed ROM production of 4.7Mt for the September quarter, down 17% on a very strong June quarter
QLD equity sales of produced coal of 3.0Mt for the quarter, down 7% on the June quarter
September quarter average price of A$200/t for QLD operations with 12-month average metallurgical coal realisations at 75% of the PLV HCC Index.

NSW – Tracking well following a week of no production from open cuts due to flooding early in Q1

NSW managed ROM production of 4.4Mt in the September quarter, down 12% on the June quarter
NSW equity sales of produced coal of 2.8Mt for the quarter, up 6% on the June quarter
September quarter average price of A$175/t achieved from NSW operations and 105% of gC NEWC realisation for thermal coal sales.

Comments from MD and CEO Paul Flynn

“Whitehaven delivered a solid first quarter result.

“New South Wales ROM production totalled 4.4Mt for the quarter, after being modestly affected in the quarter by flooding at the open cut mines, but partially offset by improved output from Narrabri following the long wall move in the previous quarter.

“Queensland’s ROM production of 4.7Mt reflects solid performance from both Daunia and Blackwater. Both sites are focused on delivering further operational improvements.

“Demand for Whitehaven’s products continues to be strong. Equity coal sales were 5.9Mt for the quarter but a soft pricing environment persisted through the period.

“Across the business, cost discipline remains a priority and we are tracking to be well within the guidance range of A$130-145/t cost of coal for FY26.

“Whitehaven maintains a strong financial position, with net debt of ~$0.8b at 30 September 2025.”

Read the full September 2025 Quarter Production Report here.

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