28 July 2026

June 2026 Quarterly Production Report

Strong Q4 performance delivers FY26 ROM production and sales at top end of guidance

• FY26 total recordable injury frequency rate (TRIFR) improved to 3.3 (4.6 in FY25) for employees & contractors, which was a record for the expanded business
• June quarter managed ROM production of 10.7Mt, up 13% on March quarter, and 40.3Mt for FY26, up 3% on FY25
• Total June quarter equity sales of produced coal of 6.3Mt, and 26.0Mt for FY26
• FY26 revenue mix of 57% metallurgical and 43% thermal coal
• FY26 unit cost of coal of ~$132/t and capex of ~$350 million, both positive relative to guidance range
• Targeted A$60 million to A$80 million of annualised cost savings delivered in FY26
• Net debt at 30 June 2026 of A$1.3 billion (compared with A$0.6 billion at 31 March 2026) after second deferred acquisition payment of US$500 million paid to BMA on 2 April 2026.

QLD – Strong Q4 recovery post weather impacted Q3 to finish FY26 at top end of guidance

• QLD managed ROM production of 5.7Mt for the June quarter, 41% up on March quarter, FY26 ROM production of 20.1Mt is in line with FY25
• QLD equity sales of produced coal of 3.2Mt for the quarter and 12.5Mt for FY26
• June quarter average achieved price of A$247/t for QLD operations with FY26 average metallurgical coal realisations at 74% of the PLV HCC Index.

NSW – FY26 ROM production and sales at top end of guidance

• NSW managed ROM production of 5.0Mt in the June quarter, down 8% on the March quarter, FY26 ROM production of 20.2Mt, up 6% on FY25
• NSW equity sales of produced coal of 3.1Mt for the quarter and 13.5Mt for FY26
• June quarter average achieved price of A$197/t for NSW operations with thermal coal realisations at 104% of gC NEWC, and 102% for FY26.

Comments from MD and CEO Paul Flynn

“Whitehaven delivered a strong finish to FY26, with June quarter managed ROM production of 10.7Mt and full year ROM production of 40.3Mt. June quarter equity sales were 6.3Mt, contributing to FY26 equity sales of produced coal of 26.0Mt.

“Both Queensland and New South Wales operations achieved ROM production and sales outcomes at the top end of guidance, demonstrating the quality and resilience of our asset portfolio.

“Our revenue mix for FY26 was 57% metallurgical coal and 43% thermal coal, providing diversified exposure to both steelmaking and energy markets.

“Cost discipline remained a key focus throughout FY26. Subject to final audit, unit cost of production is expected to be A$132/t, at the low end of guidance, and capital expenditure is also expected to finish towards the low end of guidance. In addition, we delivered annualised cost savings within our A$60-80 million target range.

“Our balance sheet remains robust. During the quarter, the second US$500 million deferred acquisition payment to BMA was paid, and we completed the refinancing of our debt facilities, substantially reducing our cost of debt, diversifying funding, and extending maturities.”

Read the full June 2026 Quarterly Production Report here.

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