Whitehaven Coal FY2026 Results
Whitehaven Coal (ASX:WHC) announced that underlying net profit after tax for the fiscal year ended 30 June 2026 fell to A$227 million, a 29% decline from A$319 million in the prior year. Underlying EBITDA decreased 8% to A$1.25 billion from A$1.36 billion, while revenue contracted 7% to A$5.4 billion.
Despite a 3% increase in managed run‑of‑mine (ROM) production, the company achieved an 8% rise in managed coal sales to 32.7 million tonnes. Average achieved coal prices dropped to A$202 per tonne, down from A$214 per tonne, whereas unit costs improved to A$132 per tonne from A$139 per tonne.
The market reacted with Whitehaven shares falling 4.2% to A$7.435 by 01:18 GMT.
FY27 Guidance
For the upcoming fiscal year, Whitehaven projects managed ROM production of 38‑41 million tonnes, compared with 40.3 million tonnes in FY26. Coal sales are expected to range between 30.4 million and 33 million tonnes, versus 32.7 million tonnes in the prior year. Unit costs are forecast at A$132‑147 per tonne, relative to A$132 per tonne in FY26, and capital expenditure is anticipated between A$390 million and A$490 million.
The company noted that premium hard‑coking coal prices were trading at approximately $215‑$235 per tonne at the start of FY27, up from $180‑$190 per tonne a year earlier, and that thermal coal prices had also strengthened.