Whitehaven Coal Ends FY26 at Top of Guidance With Strong Q4 and Lower Costs

Whitehaven Coal Limited ( (AU:WHC) ) has provided an update.

Whitehaven Coal reported a strong finish to FY26, with June quarter managed run-of-mine production rising 13% quarter-on-quarter to 10.7 million tonnes and full-year ROM output up 3% to 40.3 million tonnes. Equity sales of produced coal reached 6.3 million tonnes in the June quarter and 26.0 million tonnes for the year, with both its Queensland and New South Wales operations delivering production and sales at the top end of guidance, supported by improved safety performance and disciplined cost control.

The miner’s FY26 unit cost of coal is expected to be about A$132 per tonne, near the low end of guidance, while capital expenditure of roughly A$350 million also came in positively versus expectations and targeted annualised cost savings of A$60 million to A$80 million were achieved. Whitehaven ended the year with net debt of A$1.3 billion after paying a US$500 million deferred acquisition instalment to BMA and refinancing its debt facilities, moves that management say have strengthened the balance sheet by lowering funding costs, diversifying sources of capital, and extending maturities.