Whitehaven Coal reports $227M FY26 profit
- Whitehaven Coal reported an underlying net profit after tax of $227 million for the financial year ended June 30.
- Following the announcement, the Whitehaven Coal share price was up at $7.55.
- The company stated that strong operational performance and disciplined cost management drove the annual financial result.
Whitehaven Coal (ASX:WHC) posted an underlying net profit after tax of $227 million for the period ended June 30.
The firm recorded an underlying EBITDA of $1.3 billion, reflecting operational results across Queensland and New South Wales.
"We continued to focus on the controllables — productivity, cost discipline, margin optimisation and cash generation — with both unit cost of coal and capital expenditure at the low end of FY26 guidance," said Whitehaven Coal CEO and Managing Director Paul Flynn.
The business reported a unit cost of coal of $132 per tonne and generated $1.1 billion in cash from operations during the period.
The board declared a fully franked final dividend of 6 cents per share, alongside plans for an equal share buyback programme.
Following the announcement, the Whitehaven Coal share price was up at $7.55.
The company will benefit from new rail contracts in NSW and Queensland that will deliver improved pricing outcomes effective July 1.
Cost reduction initiatives rolled out in FY25 and FY26, together with further cost improvement programmes in FY27, will help to offset inflationary pressures and higher diesel costs.
The coal producer continues to manage regional mining assets across eastern Australia following recent major acquisitions and operational adjustments.
Management previously completed a significant 30% sell-down of the Blackwater asset on March 31, 2025, to streamline its operational focus.
