
Sector: Coal mining
AU_YAL
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/YAL.AX
Monetary columns are in M AUD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM AUD | Operating profitM AUD | D&AM AUD | EBITDAM AUD | Net profitM AUD | Operating CFM AUD | Capex + M&AM AUD | AssetsM AUD | EquityM AUD | ROE (annualized) | Net debtM AUD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | H1 2026 (6M) | OK | 3024.0 y/y 11.8% | 121.0 y/y -55.5% | 441.0 y/y 15.7% | 562.0 y/y -13.9% | 17.0 y/y -89.6% | 462.0 | -254.0 | 11990.0 y/y 1.7% | 9021.0 y/y 2.5% | 0.4% | -2034.0 | Link |
| 2025-12-31 | H2 2025 (6M) | OK | 3022.0 y/y -16.6% | 763.0 y/y -52.1% | 397.0 y/y 13.4% | 1160.0 y/y -40.3% | 277.0 y/y -65.2% | 784.0 | -343.0 | 12205.0 y/y -1.2% | 9031.0 y/y -3.0% | 4.9% | -2043.0 | — |
| 2025-06-30 | H1 2025 (6M) | OK | 2706.0 y/y -13.8% | 272.0 y/y -49.3% | 381.0 y/y -4.8% | 653.0 y/y -30.3% | 163.0 y/y -61.2% | 473.0 | -408.0 | 11784.0 y/y 5.9% | 8803.0 y/y 4.3% | 3.6% | -1667.0 | Link |
| 2024-12-31 | H2 2024 (6M) | OK | 3625.0 y/y 1.3% | 1592.0 y/y -8.1% | 350.0 y/y -25.5% | 1942.0 y/y -11.8% | 796.0 y/y -5.9% | 1282.0 | -418.0 | 12356.0 y/y 8.5% | 9315.0 y/y 10.4% | 13.7% | -2349.0 | — |
| 2024-06-30 | H1 2024 (6M) | OK | 3141.0 y/y -21.0% | 537.0 y/y -60.9% | 400.0 y/y -2.7% | 937.0 y/y -47.4% | 420.0 y/y -56.8% | 851.0 | -287.0 | 11131.0 y/y 2.0% | 8440.0 y/y 4.3% | 10.0% | -1416.0 | Link |
| 2023-12-31 | H2 2023 (6M) | OK | 3580.0 y/y — | 1732.0 y/y — | 470.0 y/y — | 2202.0 y/y — | 846.0 y/y — | 1172.0 | -327.0 | 11387.0 y/y — | 8440.0 y/y — | 22.0% | -1251.0 | — |
| 2023-06-30 | H1 2023 (6M) | OK | 3978.0 y/y — | 1372.0 y/y — | 411.0 y/y — | 1783.0 y/y — | 973.0 y/y — | 89.0 | -295.0 | 10913.0 y/y — | 8093.0 y/y — | — | -919.0 | Link |
Quarterly values (AUD mln)
Year-over-year change
FCF (AUD mln)
Net debt / cash (AUD mln)
| year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| cash flow / profit | 1.82x | 0.69x | 1.75x | 2.86x |
| accruals, % of assets | -22.8% | 4.9% | -7.4% | -6.7% |
Physical operating metrics — supplementary, not part of the financial statements
Coal (thermal + metallurgical, NSW/QLD Australia)
| Year | Reserves, Mt |
|---|---|
| 2025 | 640 |
| Year | Production, Mt | per day, Mt |
|---|---|---|
| 2025 | 38.60 | 0.11 |
Yancoal Annual Report 2025 (yancoal.com.au, ASX 31-Dec-25): attributable marketable P&P Coal Reserves 640 Mt at 31-Dec-25 (recoverable 850 Mt; 100%-basis marketable 960 Mt); CY2025 record attributable saleable production 38.6 Mt (100%-basis 50.8 Mt).
Current 139spot vs LTM +6%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -53.0%
Main driver: Steam coal AU +16% vs LTM; revenue ×1.06 vs costs ×1.04; EBITDA 1 743→1 771; at 2.0× EV/EBITDA → -53%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | vs LTM, AUD | 3y vs LTM |
|---|---|---|---|---|---|---|---|
| Steam coal AU (rev) | +65% | 139.00 | 119.38 | 129.85 | +16% | +7% | +9% |
| Coking coal AU (rev) | +25% | 249.50 | 215.32 | 239.39 | +16% | +6% | +11% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 6 046 |
| LTM EBITDA | 1 743 |
| LTM cash costs (revenue − EBITDA) | 4 303 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.061 (+6%) |
| = Spot revenue | 6 417 |
| Revenue multiplier — 3y price | ×1.005 (+0%) |
| = 3-year-price revenue | 6 075 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 4 475 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 4 475 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 1 942 |
| = 3-year-price EBITDA | 1 600 |
| Conservative EBITDA = min(spot, avg) | 1 771 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (75th pct) | 2.0x |
| Target EV = EV/EBITDA × conservative EBITDA | 3 542 |
| Net debt | 0 |
| Target market cap = EV − net debt | 3 542 |
| Current market cap | 7 538 |
Upside = target market cap ÷ current − 1 = -53.0%
Life of mine: 17 yrs
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 H1 | 3 978 | 3 662 | +8.6% | 1 783 | 1 322 | +34.8% |
| 2023 H2 | 3 580 | 3 313 | +8.0% | 1 724 | 819 | +110.5% |
| 2024 H1 | 3 141 | 3 123 | +0.6% | 937 | 1 037 | -9.6% |
| 2024 H2 | 3 625 | 3 161 | +14.7% | 1 533 | 1 070 | +43.3% |
| 2025 H1 | 2 706 | 2 724 | -0.7% | 632 | 512 | +23.5% |
| 2025 H2 | 3 022 | 2 964 | +2.0% | 1 181 | 818 | +44.3% |
Projected EV/EBITDA 2.6x · target 75th pct (3y) 5.2x · LTM avg 2.8x
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-03-18 | 0.122 AUD | Ex-dividend: 0.122 AUD per share | Paid | Yahoo Finance (ex-div) |
| 2025-09-04 | 0.062 AUD | Ex-dividend: 0.062 AUD per share | Paid | Yahoo Finance (ex-div) |
| 2025-03-12 | 0.52 AUD | Ex-dividend: 0.52 AUD per share | Paid | Yahoo Finance (ex-div) |
| 2024-03-11 | 0.325 AUD | Ex-dividend: 0.325 AUD per share | Paid | Yahoo Finance (ex-div) |
| 2023-09-05 | 0.37 AUD | Ex-dividend: 0.37 AUD per share | Paid | Yahoo Finance (ex-div) |
| 2023-03-13 | 0.7 AUD | Ex-dividend: 0.7 AUD per share | Paid | Yahoo Finance (ex-div) |
| 2022-09-05 | 0.5271 AUD | Ex-dividend: 0.5271 AUD per share | Paid | Yahoo Finance (ex-div) |
| 2022-03-14 | 0.704 AUD | Ex-dividend: 0.704 AUD per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Yancoal Australia (YAL) — from primary filings.
Yancoal Australia Ltd explores, develops, produces, and markets metallurgical and thermal coal from mines in New South Wales, Queensland, and Western Australia, with sales to customers across Asia, Europe, and other regions.
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