Yancoal Australia Ltd (YAL) Earnings Call Transcripts

Yancoal Australia Ltd's Latest Earnings Call - May 28, 2026

In the 2025 fiscal year, Yancoal Australia Ltd reported a revenue of $5.95 billion and a profit after tax of $440 million, translating to an EPS of $0.33. The company achieved record coal production of 38.6 million tonnes and maintained a strong EBITDA margin of 24%. Management has signaled a cautious outlook for 2026, anticipating cash operating costs to rise towards the upper end of the $94 per tonne guidance due to higher diesel prices, while also indicating potential benefits from rising coal prices. The acquisition of Kestrel Coal Group for USD 1.85 billion is expected to enhance production and cash flows starting in Q3 2026.

Reported metrics

Guidance from management

For 2026, Yancoal anticipates cash operating costs to rise towards the upper end of the $94 per tonne guidance due to higher diesel prices, while production is expected to remain robust between 36.5 million and 40.5 million tonnes.

What management said

Mr. Chairman, we had 2 questions submitted in writing ahead of the meeting. The first one from the [ La Corno ] Family Superfund, the question asked, why is Yancoal paying out the large cash surplus, assuming it is not held to pursue takeovers and acquisitions.

I'll take that one. We had at the 31st of March, I think, $2 billion in the bank. We have announced the Kestrel acquisition where we'll be using between USD 650 million to USD 850 million in cash. So that's going to deplete out $2 billion. But I must say, I think we'll also continue to be consistent in our dividend payments in the future.

What analysts pressed on

Analysts expressed concerns regarding the rising costs associated with diesel prices and the potential impact on margins. There were also questions about the sustainability of coal demand in light of climate change pressures and the company's focus on coal acquisitions.

Main topics on the call

• Record Production — Yancoal achieved a record attributable saleable coal production of 38.6 million tonnes in 2025, which was 'close to the top of our guidance range.' This operational performance underlines the company's efficiency and ass...
• Kestrel Acquisition — The acquisition of 80% of Kestrel Coal Mine for USD 1.85 billion is set to enhance Yancoal's production capacity and cash flows. Management stated, 'Kestrel is a high-quality, long-life metallurgical coal mine' that alig...
• Dividend Policy — Yancoal declared a final dividend of $0.122 per share, maintaining a payout ratio of 55% of net profit after tax. Management emphasized their commitment to consistent dividend payments despite the upcoming acquisition.
• Cost Guidance — Management indicated that 2026 cash operating costs could rise towards the top end of the guidance range due to higher diesel prices, stating, 'We now anticipate higher diesel prices...could push 2026 costs towards the t...

Read the full Yancoal Australia Ltd transcript (May 28, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Yancoal Australia Ltd earnings call transcripts on record, spanning July 31, 2020 to July 21, 2026. Based on this history, Yancoal Australia Ltd reports quarterly. The most recent call on file is dated July 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

YAL

Exchange

ASX

Country

AU

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

27

First call

July 31, 2020

Most recent

July 21, 2026

Reporting cadence

quarterly